The Wisdom Wall
8 quotable lessons, heuristics and mental models. Every one is playable at the moment it was said. No fortune cookies allowed.
“good writing, uh, is very easy because, uh, if, if your idea is right, it's easy to articulate it. And if you get writer's block, the reason you have writer's block is because your idea sucks and it's wrong. And that, and that's why you're, you're struggling to articulate it. So I think the harder, if, if writing is…”
“the harder you work at something, the more opportunities you have to fool yourself. So if you're very smart and you have a one 40 IQ and you went to Harvard and you work at Goldman Sachs and you spend six months doing due diligence on this deal, you are going to convince yourself of whatever you want to convince…”
“when people talk about, oh, I could have been just as successful if I worked 20% less. Yeah, but you don't know which 20% of your work was, was, was wasted or not.”
“And for that person, if you can convince them to say, Hey, can we put 80% of your money in index funds? And then this 20%, you can go nuts with, you can trade shit coins. You can go crazy. You can do anything you want with it. That, that is, it seems like bad advice, but it's probably the right advice for that person.…”
“it's hard to push back against, uh, free trading, like lower costs. That's great. But it removed a speed bump that incentivizes a lot of really bad behavior.”
“So it's like the fewer recessions that you have, the bigger the next recession is going to be.”
“And so I think you can make the argument that it's not that we have more bad news or even more volatility. It's just happens. Like we process the information so much faster.”
“most people don't remember books. They remember a couple sentences from their books. So even if you're like, oh, I love that book. I read that book 10 years ago. Changed my life. Loved it. You probably remember like three or four sentences. And it's those, like those turns of phrase that are memorable that you can,…”