Our ability to specialize, design goods and services, and trade amongst ourselves is the driving force behind a macro trend of exponential increases in quality of life.
What we learn when we do something wrong doesn't just apply to the situation that taught us, it helps us build models for interpreting and responding to reality in general.
Over long periods of time, building and betting can both be positive-sum games.
We're conditioned to think of a single percentage point as an almost non-consequential gain. In conventional wisdom investing, 1% would be laughed at.
How long it takes to learn something is a better proxy for how valuable something is than how long it takes to do something.
It's comforting to think that hitting a certain target or achieving a definable milestone will bring us lasting comfort.
If you make $10,000 or $1,000,000 and spend 100% of it, the outcome is the same.
An abundance of connectivity means you’re only ever a second away from another opinion.