Mindset

|
Status quo bias, and the uncertainty of your success

Tyler Cowen, an economist and author, thinks our preference for the status quo is one of our costliest biases. I heard him make that claim in an interview he did with Ezra Klein. It’s easy to frame status quo bias as a form of risk aversion. And I think that’s right. Change is risky. We
Read More

|
My favorite quote about criticism

Here is my favorite quote about criticism: To avoid criticism, say nothing, do nothing, be nothing. This quote has been mistakenly attributed to Aristotle. The fair credit should go to Elbert Hubbard. I saw the quote for the very first time last week. Someone posted it on LinkedIn, linking it to Aristotle. I loved the
Read More

|
Looking for an excuse to do nothing? Listen to this aviation expert

The Wall Street Journal published an article about the evolution of airplane black boxes. Today’s black boxes are more difficult to find and recover than necessary. In a world with streaming data capabilities, aviation officials are looking for new technology. Clearly some of the experts are tired of the criticism of their antiquated technology. Here’s
Read More

|
Gregg Popovich just taught you how to be an A player

Gregg Popovich is the head coach of the San Antonio Spurs, the most successful franchise in professional basketball over the last 20 years. The Spurs have won five NBA championships under his watch. Last week, he was asked what the Spurs look for in their employees. Here’s what he said: “For us, it’s easy. We’re
Read More

|
Wandering generality versus meaningful specific

I mentioned that I listened to Tim Ferriss interview Seth Godin last week. It’s a fantastic interview. If you’re interested in business, self-improvement, or general intellectual enlightenment, I strongly recommend listening. Seth mentioned something near the end of the interview. He talked about the importance of being a meaningful specific, rather than a wandering generality.
Read More

|
Showing up is more important, and harder, than it seems

Have you ever listened to music, and thought…I could do that? What about movies? Have you see any actors or actresses, and thought you could act just as well? Or maybe it’s a chef whipping up a particular recipe. Or maybe it’s someone paid to talk on TV about financial markets. Or an author. Or
Read More

|
Want the career of your dreams? Act like a giant water bug

I’ll get to the water bug in just a second. I read a Medium article by Graeme Fulton titled “I’m not smart, I just sat there for longer than you”. It wasn’t the article I was expecting, but it was still a good read. What did I expect? An article on discipline. And patience. The power
Read More

|
Emotion explains some of our crappy predictions

I took my son to the store on Sunday, partly because we needed things, and partly to get him out of the house. He had a bit of cabin fever. A quick trip to the store means he can be a maniac somewhere besides our house. I took the freeway on the way home. As
Read More

|
Right versus wrong, science versus business

When you think of the difference between science and business, what do you think of? Rigid versus flexible? Exact versus inexact? Empirical versus heuristic? Maybe you think of something else. The point is, you get down to something along the lines of science having a “right” answer, while business doesn’t. That’s kind of true, but
Read More