Thinking in bets by Annie Duke is one of the better books I’ve read recently.This is Part 2 of a multi-part summary. Read Part 1 here.Here are some of the concepts I liked: Biases come from beliefs. Our beliefs then to interfere with our decisions. For instance, if you were to predict if your friend … Continue reading Book Summary – Thinking in Bets-2
I've been trying to organize my notes from Annie Duke's latest book "Thinking in Bets". There is so much to uncover there, its taking longer than I expected. I'll get it done this weekend(says while keeping fingers crossed). Meanwhile, here is something that I thought is one of the more interesting concept in the book: … Continue reading “Resulting”
We saw few episodes of "Tidying up with Marie Kondo" on Netflix. It's about decluttering your house, getting rid of things that you are not going to use.It's truly amazing how much people can horde over the years. We all have been guilty of it. Marie Kondo has a whole process to start decluttering called … Continue reading Tidying Up
In my previous post about the lessons I learned in 2018, I mentioned that I've been reading extensively on Mental models. One of my favorite mental models is Base Rates.
A few weeks back I read the book called "The Motley Fool investment guide" written by two charismatic brothers, David, and Tom Gardner. They are also co-founders of the Motley Fool, which offers financial investment and planning services. Each of them has their own style of investing and they differ quite a bit from each … Continue reading Book Summary – The Motley Fool investment guide
First principles: This is a mental model used by Elon Musk to understand complicated problems by breaking it down to its bare essentials and stripping off everything until the fundamental truth remains, thus removing any associated assumptions. It is similar to how software engineers think, by breaking down a big problem into many tiny ones. … Continue reading First Principles Thinking