From Ray Dalio "Principles" 1, Instead of saying “I know I’m right, one should ask, “How do I know I’m right?" "None of us is born knowing what is true; we either have to discover what’s true for ourselves, or believe and follow others. The key is to know which path...
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Close Minded Vs Open Minded
From Ray Dalio "Principles" 1. Closed-minded people don’t want their ideas challenged. They are typically frustrated that they can’t get the other person to agree with them instead of curious as to why the other person disagrees. They feel bad about getting something...
My Favorite Warren Buffet quotes
From Peter Bevelin's "From Darwin to Munger" My Favorite Warren Buffet Quotes: "I have learned mainly by reading myself. So I don’t think I have any original ideas. Certainly, I talk about reading Graham. I’ve read Phil Fisher. So I’ve gotten a lot of my ideas...
My Favorite Charlie Munger Quotes.
From Peter Bevelin's "Seeking Wisdom, from Darwin to Munger" My Favorite Charlie Munger Quotes: "without lifetime learning, you people are not going to do very well. You are not going to get very far in life based on what you already know. You’re going to advance in...
Principles by Ray Dalio
Billionaire Ray Dalio is the founder of Bridgewater, the biggest Hedge Fund in the world. This book is a collection of all the principles Ray Dalio uses for decision making, in business and in life. He first wrote "Principles" as a guide for his company's employees....
Naval Ravikant Quotes
My Favorite Naval Ravikant Quotes: "I don’t know about you, but I have very poor attention. I skim. I speed read. I jump around. I could not tell you specific passages or quotes from books. At some deep level, you do absorb them and they become part of the threads of...
Are materialistic people happier?
From Sonja Lyubomirsky "The Myths of Happiness" 1, "A mountain of research has shown that materialism depletes happiness, threatens satisfaction with our relationships, harms the environment, renders us less friendly, likable, and empathetic, and makes us less likely...
Be “hearty in your approbation and lavish in your praise.”
Be "Hearty in your Approbation and Lavish in your Praise." "Praise the slightest improvement and praise every improvement." (p. 266) "Why, I wonder, don’t we use the same common sense when trying to change people that we use when trying to change dogs? Why don’t we...
Is Overconfidence Good or Bad?
From Daniel Kahneman "Thinking, Fast and Slow" Is Overconfidence Good or Bad? "Psychologists have confirmed that most people genuinely believe that they are superior to most others on most desirable traits—they are willing to bet small amounts of money on these...
The How of Happiness by Sonja Lyubomirsky
From the Foreword of "The How of Happiness" "What are the meanings and mysteries of happiness? Is it possible to acquire more of it, and can new happiness ever endure? These are foundational questions to which I have devoted my entire career as a research...