📚 Edwin's Highlights

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A batch of the best highlights from what Edwin's read, .

Try to make your decisions as early as practical, to make the most of the power of compounding and the structure of many tax benefits.

The Missing Billionaires

Victor Haghani and James White

Man’s often wrong but generally useful psychological tendencies are quite numerous and quite different. The natural consequence of this profusion of tendencies is the grand general principle of social psychology: Cognition is ordinarily situation-dependent, so that different situations often cause different conclusions, even when the same person is thinking in the same general subject area.

Poor Charlie’s Almanack

Charles T. Munger, Peter D. Kaufman, John Collison, and Warren Buffett

There are more subtle reasons too, which persist long into adulthood. Intelligence wins in conversation, and thus becomes the basis of the dominance hierarchy. [1] Plus having new ideas is such a new thing historically, and even now done by so few people, that society hasn't yet assimilated the fact that this is the actual destination, and intelligence merely a means to an end.

Beyond Smart

paulgraham.com

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