1 min. 30 sec. read By Daniel Kahneman Professional decision makers Bill Gates, Ray Dalio, Marc Andreessen, and Naval Ravikant, (all billionaires) recommend this book. Non billionaire Barack Obama also recommends this book. (Halo Effect here) Daniel Kahneman is...
Andy
Your brain thinks in System 1 and System 2
1 min. 10 sec. read Whenever we make a decision we use two modes of thinking, System 1 and System 2. You can think of System 1 and System 2 as two agents, each with their own character, abilities, limitations, and functions. "System 1 operates automatically and...
“A Random Walk Down Wall Street.”
45 sec. read Written by Burton Malkiel Forbes, Money magazine, US News, Morningstar, and countless others have called A Random Walk Down Wall Street one of the best investing books of all time. It has sold over 1.5 million copies and is ranked #3 on Amazon's best...
“The Little Book of Common Sense Investing”
45 Sec. Read By Jack Bogle Warren Buffet highly recommends "The Little Book of Common Sense Investing." Buffet has called Jack Bogle a hero to him. He said Bogle has done more for American Investors than anyone he has known. Jack Bogle was the founder of Vanguard, one...
Why you shouldn’t pick mutual funds.
45 Sec. read "Fund investors are confident that they can consistently select superior fund managers. They are wrong." (preface) Jack Meyer (considered one of the best endowment managers and tripled Harvard's endowment fund) said this, "The investment business is a...
Should you invest in International Funds?
30 sec. read Bogle believes you don't need International Index Funds. He said if you do want to have it, he recommends no more than 20% of your stock allocation into an International Index Fund. "My view that a U.S.-only equity portfolio will serve the needs of most...
“The Power of Habit”
20 sec. read. By Charles Duhigg This book is recommended by Billionaires Ray Dalio and Naval Ravikant. Charles Duhigg is a Pulitzer prize winning New York Times journalist. More than 40% of the actions we perform each day, are not actual decisions, but habits! This...
Eugene’s incredible story about the power of habits
3 min. read Eugene's remarkable story shows how powerful habits can be. Eugene had a rare disease which destroyed parts of his brain. After recovering from the disease, he could not form new memories. For example, if you told him your name, 2 minutes later he couldn't...
How to create new Habits.
2 min. 15 sec. read To create new habit, you need three things. A cue, a routine, and a reward. "This process within our brains is a three-step loop. First, there is a cue, a trigger that tells your brain to go into automatic mode and which habit to use. Then there is...
How to change bad habits.
3 min. read You can't get rid of bad habits. The best thing you can do is change a bad habit with a different habit. In order to change your bad habit, you need to keep the cue, keep the reward, but change the routine. "That’s the rule: If you use the same cue, and...