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Sunk costs—anchoring decisions to past efforts that can’t be refunded—are a devil in a world where people change over time. They make our future selves prisoners to our past, different, selves. It’s the equivalent of a stranger making major life decisions for you.
The Psychology of Money
Morgan Housel
Hofstadter’s Law:
• It always takes longer than you expect, even when you take into account Hofstadter’s Law.
Every project costs 2x as much and takes 3x as long - even when you factor this into your projections.
THREAD: 15 of the Most U...
@george__mack on Twitter
One course that Jobs took would become part of Silicon Valley lore: the electronics class taught by John McCollum, a former Navy pilot who had a showman’s flair for exciting his students with such tricks as firing up a Tesla coil. His little stockroom, to which he would lend the key to pet students, was crammed with transistors and other components he had scored.
Steve Jobs
Walter Isaacson
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