Poker, stock markets, gambling, tennis and chess are examples of zero-sum games. In a zero-sum game the question is not whether to make a bet. We all know and see smart opportunities for bets. Structural winners in zero-sum games outperform in deciding when not to make a bet.
Demonstrations remind me that there was a time we didn’t have the masses at our fingertips to communicate our beliefs to. That communication was linear instead of exponential. That if we wanted to change the status quo, one of the very realistic ways to do that was standing up to …
In times of uncertainty we massively seem to go to oracles to predict our futures. I see old and statusful economists with millions of views on YouTube, for videos only days old. But why? If you’re unhappy with your personal present, do something about it. If you’re unhappy with your …
A “I’ve reached the target and even exceeded by 10%!” B “Are you satisfied?” A “Fairly, we could’ve exceeded it by 100%, but we need something to grow in next year.” B “…” There’s so many ways of not doing things wrong, but only few of them are actually doing …
What are the official channels nowadays? Media are channels that messages are broadcasted (and received) on. The great advantage we have with Facebook, Instagram, YouTube, Snap, Tiktok, and more over the ’traditionals’ is that we can listen back. People broadcast “Look, we’re on TV” on their instagram. How’s that? Why …
We tend to search for more information because we think it provides us with security in some form. Whilst the actual case is that on more information We need to make more decisions not to act on specific information; We become more insecure about all the decisions that we have …
For that one man, it’s that new arm chair in the living room, that he can relax on after a day of hard labor in the factory. That job by the way, that he values over everything. For that woman, it’s the sole idea that her four kids will grow …
Every person lives in cycles where things go more and less like you want them to go. It’s the outcome of the ‘system’ of your life. Systems are working this way, because there are variables and margins. Things that depend on each other and all those things have a margin …
You don’t drown by falling into the river, but by staying submerged in it. -Edwin Louis Cole
If you study inspiring people’s life work, you can enhance yours and win decades of wisdom.