📚 Quinn's Highlights

Join 📚 Quinn's Highlights

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

To Eliminate Undesirable Behavior, You Have to Eliminate The Stimuli That Precedes It Summary: Self-control problems require structuring life to avoid stimuli that tempt bad behavior, similar to avoiding walking past a tavern if you're an alcoholic. Investors can improve mental hygiene by unfollowing negative sources and following those with a long-term perspective to reduce hyper reactivity to market fluctuations. Changing exposure helps in turning down the amplitude of emotions. Transcript: Speaker 1 But if you 're an alcoholic, you would be crazy to walk past the tavern and say, i will demonstrate the will power not to walk in. You can't do that, and you know you can't, so you walk on the other street. And that's the kind of governor that people need to put on their behavior. If you know that you have self control problems, you have to structure your life so that the things that tempt you into bad behavior don't get surfaced in your stimuli. And that's very easy for investors to do. If you, if you know you have a tendency toward hyper reactivity to, you know, red arrows pointing downward on stock market displays, then turn that web site off, un follow that person On twitter. Follow people who take a longer term perspective and aren't rattled by this kind of thing. Improve your mental hygiene. You can't turn yourself into someone who's unemotional, but you can turn down the amplitude of your own emotions if you change what your exposures are.

#4 Jason Zweig — Elevate Your Financial IQ

The Knowledge Project with Shane Parrish

Organizational Entropy: the tendency for artifacts you produce to start rotting immediately Summary: Any artifact produced within an organization immediately begins to deteriorate, much like a new car losing its value. Once published, such as a memo, it begins to become outdated. Entropy, in this context, always increases, requiring continual input of energy to prevent deterioration. This demands the creation of reinforcement mechanisms to ensure that all content remains current and functional, such as periodically checking and updating a database of memos. Transcript: Speaker 1 Organizational entropy, which is any artifact that you produce immediately starts rotting the moment that you have created it. Speaker 2 It's like driving a new car after a lot. Speaker 1 Yeah, the moment that anything is published in the company, you write a memo, it is already rotting. It is already going to be out of date. And so the concept of entropy is it is always increasing. And so the only way to keep entropy at bay is you have to add more energy into the system. So you have to create reinforcement mechanisms for any piece of content that you have. If you have a database of all your memos, you have to check them every once in a while to make sure they're up to date. You need to create more energy always has to go in in order to keep things fresh and functional.

#694 — Sam Corcos, Co-Founder of Levels — The Ultimate Guide to Virtual Assistants, 10x Delegation, and Winning Freedom by Letting Go

The Tim Ferriss Show

The danger, and you see it often in investing, is when people become too McNamara-like – so obsessed with data and so confident in their models that they leave no room for error or surprise. No room for things to be crazy, dumb, unexplainable, and to remain that way for a long time. Always asking, “Why is this happening?” and expecting there to be a rational answer. Or worse, always mistaking what happened for what you think should have happened. The ones who thrive long term are those who understand the real world is a neverending chain of absurdity, confusions, messy relationships, and imperfect people.

Does Not Compute

collabfund.com

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