20 x 1 = 20 & 1 x 20 = 20 The lie you've been told is that the order of events doesn't matter. You've been told that if you have the same inputs and outputs then it's all the same. But this is a lie. The sequence and order of events matter a great… Continue reading Is It The Same Difference?
Category: business
We’re All Biased
You can consider optimism and pessimism as two different types of biases. "Optimists" supposedly see the world in a way where things are better than they actually are. "Pessimists" supposedly see the world in a way where things are worse than they actually are. "Realists" are meant to be the people who see the world… Continue reading We’re All Biased
Time As Arbitrage
Be very weary of anything which will reduce the time you have to accomplish something. Time is undervalued and underappreciated. Sometimes it's tempting to do something which will give you a short term gain, but that will reduce the time you have to accomplish X,Y and Z. For example if you take anabolic steroids, it may… Continue reading Time As Arbitrage
Always Aim To Beat The Competition Without Competing
Imagine you're trying to compete with Coca-Cola by creating a new soft drink. A room full of business types would probably get together and say that you need to develop a drink that you can drink a lot of, tastes better and is cheaper. But funnily enough Red Bull came along and made tiny cans,… Continue reading Always Aim To Beat The Competition Without Competing
Failure Is Overrated
In artificial exams there is only one way to succeed and one way to fail. You succeed by giving the pre-determined correct answer and you fail by not being able to give enough of these answers. If you fail, all you have to do in artificial exams is learn more of the correct answers and… Continue reading Failure Is Overrated
The Wrong Model
The bell curve has caused untold damage to the way people think about the world. For some reason when people are introduced to a "model" of how one thing works, they start applying the same model to different domains in life. Just because height follows a bell curve, does it mean that intelligence does? (No.)… Continue reading The Wrong Model
Belief In The Future
Isn't it odd that the government allows banks to lend out more money than the bank physically owns? When a bank considers lending money to someone, they look at that customers previous history and current circumstances. If the customer ticks all the right boxes then the bank can give that customer money which the bank… Continue reading Belief In The Future
