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Research confirms that people tend to opt for the simplest interpretation, to develop the simplest possible box. This tendency is consistent with the principle of Occam’s razor, named for a fourteenth-century English logician, which states that the simplest solution should generally be assumed to be the most plausible one (until the evidence proves otherwise).
Thinking in New Boxes
Luc De Brabandere, Alan Iny
Our tendency to perceive—to impose—narrativity and causality are symptoms of the same disease—dimension reduction. Moreover, like causality, narrativity has a chronological dimension and leads to the perception of the flow of time. Causality makes time flow in a single direction, and so does narrativity.
The Black Swan
Nassim Nicholas Taleb
I think your first one is, is have low expectations. The second one is, have a good sense of humor. And the third one is-surround yourself with love of friends and family.
Full Transcript from CNBC's “Charlie Munger: A Life of Wit and Wisdom”
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