Principles

  • Family First
  • Understanding > Memorizing
  • Run Towards Fire, Not Away
  • Invert Problem
  • To a Man With a Hammer, Everything Looks Like a Nail
  • Compound Knowledge
  • Velocity over Speed
  • Blind Spot (I don’t know what I don’t know)
  • Don’t Criticize, Don’t Assume
  • The Greatest Fool of All is the Man Who Fools Himself, and You Are the Easiest Person to Fool
  • Teaching is the Best Way to Learn
  • Actions over Words
  • Prepering for Blood Test, School Test ( knowledge over grade )
  • Don’t Wait Until You Are Ready
  • Deposits in Traning, Withdrawals at Game
  • Learn from Other People Mistakes
  • Crave Discomfort
  • Fail Fast, Fail Often
  • Do It Now Right, Because You Will Not Have a Time to Do It Over
  • Respond to Failure Defines You, Not Failure
  • What I Control / What I don’t Control
  • Accept Failure
  • Analyzing the causes of failures and Learning from the successes > Analyzing the causes of failure > Learning from the successful
  • Ignore Noise
  • Don’t judge decision by outcome
  • Inner Scorecard ( Do you want to be best at something or do you want other people to think of you that you are best at something ?)
  • Always Consider the Other Side as Carefully as Your Own
  • Take World As It Is, Not As You Wish / Hope To Be
  • Pain + Reflection = Progress
  • Swedish Average Driver
  • 75% Fat-free vs. 25% Fat Hamburger
  • Opportunity Cost (Is it better than 2nd best thing?)
  • Broken Clock is Right Twice a Day (randomness)
  • Ignorance costs you more than you’ll ever know
  • If you want something you’ve never had, do something you’ve never done
  • Best time to plant a tree was 20y ago, 2nd best time is now
  • 1.01 ∧ 365 = 37.8
  • 0.99 ∧ 365 = 0.03
  • Consensus Framework matrix ( Wrong, Right, Consensus, and Non-consensus)
  • Take a smart risks
  • Trust, success and admiration are earned
  • Be reliable
  • “Your story has touched my heart, never have I heard of anyone with as many misfortunes as you.”
  • Work with and under people you admire
  • Maintain your objectivity (GTA1, birdview)
  • Circle of competence
  • Map is not the Territory
  • First Principles Thinking (boil it down)
  • Second-Order Thinking (and then what ?)
  • Margin of Safety (difference between value and price)
  • Survivorship Bias (WWII airplane, learning from success)
  • Sunk Cost (cinema, skiing)
  • Persian messenger
  • Social Proof ( everyone speeding around you, so you do)
  • Consistency Bias ( is that consistent with my thinking ?)
  • Reciprocity bias (asking for small favor after big favor)
  • Three buckets of water (no absolute scale)
  • Frog in hot water
  • Confirmation Bias (googling questions)
  • Thanksgiving Turkey (Taleb)
  • Don’t ask barber if you need a haircut
  • Be present
  • Invest in preparedness, not in prediction
  • Be honest
  • Two opposed ideas in mind at the same time
  • Be less ignorant
  • Hindsight Bias (I saw it coming)
  • If you cannot measure it, you cannot improve it
  • Paradox of Choice
  • Most people overestimate what they can do in short-term and underestimate what they can do in long-term.
  • More information Better decisions (Paul Slovic handicappers)
  • What would I need to know to change my opinion ?
  • What everybody knows about you that you don’t know ?
  • Knowing the name of something ≠ Knowing something
  • Go extra mile
  • Luck Test: Can you fail on purpose ?
  • Predicting based on history is like driving a car moving forward and looking into rear mirror
  • “I wish I would have done more”
  • Your attention should be either on task at hand or on others
  • Two lives. Second starts after you realize that you have just one
  • Playing infinite darts ( You will hit a bull at some point, just don’t stop throwing)
  • Small businesses don’t stay small on purpose
  • Putting a gun into other person’s hands (negotiating, you tell me what’s the fair price and I will decide if I will work with you if you not fire)
  • If you can’t solve a problem, then there is an easier problem you can solve: find it

Watch your thoughts for they become words,
watch your words for they become actions,
watch your actions for they become habits,
watch your habits for they become your character,
watch your character for it becomes your destiny.