We must expose our children to adversity even if we have to purchase it for them.
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Adversity Exposure
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Learn The Lesson, Leave The Event
You can write a narrative in your head, and spin yourself down a negative path, and beat yourself up and second guess. But what’s true is you made what you thought was the best decision in the moment. Then, you leave it behind. There’s no going back. Everyone makes mistakes. Everyone makes good decisions, bad decisions, or they just didn’t work. For me, it’s: “Learn the lesson. Leave the event.”
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Keep Your Identity Small
If people can’t think clearly about anything that has become part of their identity, then all other things being equal, the best plan is to let as few things into your identity as possible.
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Delay Your Intuition
If you really want to improve the quality of decision-making, use algorithms… wherever you can. If you can replace judgment by rules and algorithms, they’ll do better.
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Are We Not Like Frogs?
A frog’s brain is set up to recognize food as moving objects that are oblong in shape. So if we take a frog’s normal food — flies — paralyze them with a little chloroform and put them in front of the frog, it will not notice them or try to eat them. It will starve in front of its food! But if we throw little rectangular pieces of cardboard at the frog it will eat them until it is stuffed! The frog only sees a little of the world we see, but it still thinks it perceives the whole world. Now, of course, we are not like frogs! Or are we?
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Hard To Replicate
I think it’s very difficult to replicate culture. It takes a long time, because you have to hire the right people. And then those people have to hire the right people, and you have to build a complete organization.
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Argue Everything
If you went into a meeting here, we argue and debate everything. Out of those meetings and out of those conversations come better ideas, bigger ideas.
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Speculating vs. Investing
There’s a difference between speculating and investing, and it pays to know what the difference is. Speculating is exciting, full of breathtaking ups and downs… Investing, on the other hand, is slow and boring. In the short term, you may have some ups and downs. But if you chart investing over time, it looks like a long, slow curve upward. Speculating is like a Vegas casino. Investing is like watching grass grow.
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A Newspaper Is An Organiser
A newspaper is not only a collective propagandist and a collective agitator, it is also a collective organiser.