We bring you eclectic stories about how you should always invert, the Dylann Roof story, the Great Tech Panic of 2017, a cop bank robber, the India Pakistan partition and a few more. Hope you enjoy them!
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As always, click on the headline to be taken to original source. Sometimes I insert my incendiary comments on article excerpts between [brackets].
I slow down blogging down in the weekends, just some selected links that made an impression to me during the past week.
This is the last Sunday post, going forward this blog will only post on weekdays. With school starting and summer over, time to refocus on higher priorities and all of us enjoy the weekends without each other…I am crying. But my wife is happy so she wins. Again.
The comment section will stay open and I will be more hands on in making sure it does not get out of hand. Blogging is hard enough, please don’t make me babysit the comments, got no time for that!
I will bring these eclectic must read links as I accumulate them in a weekday when blog action is slow. I already have two awesome reads for the next one!
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I really loved this! It begins with the crazy story of Larry Walters who always wanted to fly. Well, he did. In a makeshift Sears lawn chair with the help of helium balloons! Amazingly, he lived to tell the tale…When the idiot landed and police were waiting for him, he was asked why he did it. ” A man can’t just sit around!”. Okay, I am laughing right now…So, where is the author taking us? To the inversion principle.
19th century German mathematician Carl Jacobi believed that the solution for many difficult problems could be found if the problems were expressed in the inverse – by working or thinking backwards. As Munger has explained, “Invert. Always invert. Turn a situation or problem upside down. Look at it backward. What happens if all our plans go wrong? Where don’t we want to go, and how do you get there? Instead of looking for success, make a list of how to fail instead – through sloth, envy, resentment, self-pity, entitlement, all the mental habits of self-defeat. Avoid these qualities and you will succeed. Tell me where I’m going to die, that is, so I don’t go there.” Charlie’s partner, Warren Buffett, makes a similar point: “Charlie and I have not learned how to solve difficult business problems. What we have learned is to avoid them.”
Charlie’s inversion principle also means thinking in reverse. As Munger explains it: “In other words, if you want to help India, the question you should ask is not, ‘How can I help India?’ It’s, ‘What is doing the worst damage in India?’”
That investing successfully is really hard suggests to most of us that being really smart should be a big plus in investing. Yet while it can help, the existence of other smart people together with copycats and hangers-on greatly dilutes the value of being market-smart. On the other hand, the impact of bad decision-making stands alone. It is not lessened by the related stupidity of others. In fact, the more people act stupidly together, the greater the aggregate risk and the greater the potential for loss. This risk grows exponentially. Think of everyone piling on during the tech or real estate bubbles. When nearly all of us make the same kinds of poor decisions together – when the error quotient is especially high – the danger becomes enormous. [REREAD THIS PARAGRAPH!]
Success starts with avoiding errors and looking at problems and situations differently.
I don’t know much about the partition between India and Pakistan. Here is a story of a Muslim in Delhi who made his way to Pakistan. He tells his story 70 years later. It is a very powerful story. I had to gather myself…Must watch!
This is a fantastic article. Very chilling. Sometimes you can’t do much about some people, many tried. But did they try enough to get the kid to connect? To someone or something other than the shit he followed? This article made me really feel uncomfortable so you have been warned. I would rather link to quality writing like this than do repeated credit credit card pumping faking my enthusiasm so I can get readers to click on them or hideous sensationalized click bait manure…There, I feel better now 😉
I am in absolute agreement with this! Brilliant! Sadly, it does not work in blogging where sensational click bait stories attract the clicks and the ad $ dinero, sad!
- Amateurs stop when they achieve something. Professionals understand that the initial achievement is just the beginning.
- Amateurs have a goal. Professionals have a process.
- Amateurs think they are good at everything. Professionals understand their circles of competence.
- Amateurs see feedback and coaching as someone criticizing them as a person. Professionals know they have weak spots and seek out thoughtful criticism.
- Amateurs value isolated performance. Think about the receiver who catches the ball once on a difficult throw. Professionals value consistency. Can I catch the ball in the same situation 9 times out of 10?
- Amateurs give up at the first sign of trouble and assume they’re failures. Professionals see failure as part of the path to growth and mastery.
- Amateurs don’t have any idea what improves the odds of achieving good outcomes. Professionals do.
- Amateurs show up to practice to have fun. Professionals realize that what happens in practice happens in games.
- Amateurs focus on identifying their weaknesses and improving them. Professionals focus on their strengths and on finding people who are strong where they are weak.
- Amateurs think knowledge is power. Professionals pass on wisdom and advice.
- Amateurs focus on being right. Professionals focus on getting the best outcome.
- Amateurs focus on first-level thinking. Professionals focus on second-level thinking.
- Amateurs think good outcomes are the result of their brilliance. Professionals understand when outcomes are the result of luck.
- Amateurs focus on the short term. Professionals focus on the long term.
- Amateurs focus on tearing other people down. Professionals focus on making everyone better.
- Amateurs make decisions in committees so there is no one person responsible if things go wrong. Professionals make decisions as individuals and accept responsibility.
- Amateurs blame others. Professionals accept responsibility.
- Amateurs show up inconsistently. Professionals show up every day.
Bookmark this and get back to it when you have some time as this is a collection of articles about a theme that I have been pounding on in my blog. The great advances of technology that are underway and how we are going to make it you guys. The intro sums it up really well:
We feel it too. That twinge of worry. That occasional, sudden-onset widening-gyre sensation. It’s hard not to experience a bit of anxiety at the world’s recent technological upheavals—the endless stream of hacks, leaks, and cyberattacks; the whiplash advances in artificial intelligence and automation; the constant fear and loathing stoked by @socialmedia; and the Hieronymus Bosch spectacle that is democracy in the age of flying monkeys and fake news. It might be different if the leaders of the tech industry were offering reassurances, but instead we’ve got Tesla founder Elon Musk warning about the “existential risk” that AI poses to humanity, Y Combinator president Sam Altman expressing his certainty that automation is coming for millions of jobs, and countless tech moguls reportedly buying up “apocalypse insurance” in the form of New Zealand real estate. And if those rich white men have their hair on fire, God help the rest of the world racing to set up 2FA on Gmail .
The choices people make in the face of anxiety always determine whether the world they leave behind looks more utopian than dystopian. [YOU make choices every day what to read and support!]
Enjoy the selection of articles. I always liked WIRED.
Another gripping story for you guys. Remember the Snowbird Bandit, the elderly man who was robbing banks in California? This is his story. It is very sad to see this man’s life. Great career, great family all blown to pieces from drinking and gambling. Amazing his wife stood by him for now almost 49 years…If you have the same issues, GET HELP, YOU CAN CHANGE! NOW!
This was a late addition. I started reading and just could not stop. I think it is a must read. God bless them for their bravery and saving so many. This story blew me away…I had to gather myself by the end. And had to take a break in the middle of it. I had not heard about this until now.
I love movies. And this is a MUST watch.
Believe Trust me.
And I leave you with this…Summer is over you guys, so sad!
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