First Principles

source: Farnam Street First-principles thinking is one of the best ways to reverse-engineer complicated problems and unleash creative possibility. Sometimes called “reasoning from first principles,” the idea is to break down complicated problems into basic elements and then reassemble them from the ground up. It’s one of the best ways to learn to think for … Continue reading First Principles

Jeff Bezos: Starting small

source: farnam street An interview with founder Jeff Bezos touches on the timeless lessons he’s learned for business success. The three big ideas are: (1) thinking on a different timescale(2) putting the customer first (3) inventing What we’re really focused on is thinking long-term, putting the customer at the center of our universe and … Continue reading Jeff Bezos: Starting small

Charlie Munger: The Psychology of Human Misjudgement

Selection from three of Charlie's talks, combined in to one talk never made. Notes from book Poor Charlie's Almanack Charlie created his own psychology system how to get throught life (and avoid irrational pattern) by cassual reading and from his expierences 1.) Reward and Punishment Superresponse Tendency FedEx couldn't fullfill all packages per shift on … Continue reading Charlie Munger: The Psychology of Human Misjudgement