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Imagine that you have a thorn in your arm that directly touches a nerve. When the thorn is touched, it’s very painful. Because it hurts so much, the thorn is a serious problem. It’s difficult to sleep because you roll over on it. It’s hard to get close to people because they might touch it. It makes your daily life very difficult. You can’t even go for a walk in the woods because you might brush the thorn against the branches. This thorn is a constant source of disturbance, and to solve the problem you only have two choices.
The Untethered Soul
Michael A. Singer
You have to pay them $300 million more in the good years to make up for paying them $170 million less in the bad years. It’s still a good arbitrage if the shareholders value stability more than the dealmakers do, which seems plausible.1 But the dealmakers do value stability.
Insider Betting Can Make Things Weird
bloomberg.com
Children who associate success with hard work tend to have a “mastery-oriented response” to challenging situations, while children who see themselves as just plain “smart” or “dumb,” or “good” or “bad” at something, have a “learned helplessness orientation.”
The Art of Learning
Josh Waitzkin
...catch up on these, and many more highlights
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