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10 Powerful Lessons of the book “The Art of Thinking Clearly”

| Thread 🧵

 1. Never underestimate the hard work and lower probability of success, just because we are shown more successful people than many more actual failures.
It does not mean, in any way, that you should not dream big. It just says that dont get overawed by the number of success stories you read and assume that success would be easy. No one prints the failure stories.
2. Confirmation bias is the mother of all misconceptions.

It is a tendency to interpret new information so that it becomes compatible with our existing theories.
Warren Buffet has seen people losing money with this because they ignore facts which contradict the theory in the mind of the investor.

Dis-confirming evidence must be seeked out to beat this theory.
3. If you ever find yourself in a tight unanimous group, you must speak your mind, even if your team does not like it, and even if it means risking expulsion from the warm nest.
And if you lead a group, appoint someone as devil's advocate.

He or she will not be the most popular member of the team, but definitely the most important.
4. Induction

Send an email to 10,000 people with stock market prediction by dividing them into 2 groups - telling reverse prediction to each group. Prediction for one of the groups will come true.
Send a new prediction to the 5,000 whom you predicted correctly earlier - again after dividing them into 2 groups...carry on like this, and the last 100 would consider you as a genius. People get inducted into a decision based on history without thinking logically.
5. Loss Aversion

The fear of losing something motivates people more than the prospect of gaining something of equal value.
6. Compounding

When it comes to compounding, dont trust your intuition - you have no idea how powerful it is.
7. It is not what you say, but how you say, that's important.

99% Fat Free product seems more healthy than a product with 1% Fat.
8. If you are not a part of the solution, you are definitely a part of the problem.

There is no 3rd category of passive onlookers.
9. Follow your passion even if you have to do away with part of your income for that
10. Whenever you are dealing with averages, be careful of the distribution behind it.

A Bill Gates monthly income in a group of 50 ordinary citizens can give an extremely misleading average.
Thanks for reading. If you find this thread valuable follow me ( @ajdduggan ) for more content like this.

And retweet the first tweet to share with others:

https://t.co/QYlZjIAGMD

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15 Powerful Quotes From Plato

| 🧵Thread


1. “Be kind, for everyone you meet is fighting a harder battle.”

- Plato

2. "Never discourage anyone who continually makes progress, no matter how slow."

- Plato

3. “The price good men pay for indifference to public affairs is to be ruled by evil men.”

- Plato

4. "Love is a serious mental disease."

- Plato
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15 Powerful Lessons from the book "Antifragile"

by Nassim Nicholas Taleb

| Thread


1. The book is about decision-making under uncertainty/volatility.

- EVERYTHING either benefits or is harmed by volatility

- The FRAGILE is harmed (think a glass)

- The ROBUST is unchanged (think The Phoenix)

- The ANTIFRAGILE gets better (think The Hydra)

2.

- There is no way to accurately predict WHICH events will occur

- We CAN measure how fragile we are to events

- We CAN take steps to robustify ourselves

- When shit hits the fan, the fragile breaks

- This applies to the economy, politics, health, etc

3. Naive Interventionism

- Systems are COMPLEX

- Most are beyond our understanding

- When we intervene, we introduce potential harm

- These 2nd and 3rd order effects introduce MORE volatility into the system

- This makes systems even less predictable

- STAY in YOUR lane

4. Via Negativa: Removing is superior to Adding

- Less can be More

- Don't add, subtract

- Eliminate the Artificial

- Eliminate the Unnatural

- Eliminate the Unnecessary

Apply these in all areas of your life. When in doubt, SUBTRACT
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Andrew Duggan
Andrew Duggan
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15 Life Changing Insights from Swami Vivekananda

| Thread 🧵


1. We are what our thoughts have made us; so take care about what you think. Words are secondary. Thoughts live; they travel far.

- Swami Vivekananda

2. Take up one idea. Make that one idea your life - think of it, dream of it, live on that idea.

Let the brain, muscles, nerves, every part of your body, be full of that idea, and just leave every other idea alone.

This is the way to success.

- Swami Vivekananda

3. You have to grow from the inside out. None can teach you, none can make you spiritual. There is no other teacher but your own soul.

- Swami Vivekananda

4. You cannot believe in God until you believe in yourself.

- Swami Vivekananda
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10 Powerful Lessons From the Book “The Art of the Good Life”

| Book Review Thread


1. Peak-end Rule:

You remember the high point and the end point of your holiday, but the rest is forgotten.

Remind to make them as sweet as possible.

2. Plans are nothing. Planning is everything.

A good life is not a stable state or condition.

The good life is only achieved through constant readjustment.

3. Inflexibility as a Stratagem

When it comes to important issues, flexibility isn’t an advantage – it’s a trap.

Use radical inflexibility to reach long-term goals that would be unrealizable if their behavior were more flexible.

4. Reality Doesn’t Care About Your Feelings

Accepting reality is easy when you like what you see, but you’ve got to accept it even when you don’t – especially when you don’t.
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15 Philosophy Quotes From "Voltaire"

| Thread


1. "The more often a stupidity is repeated, the more it gets the appearance of wisdom."

- Voltaire.

2. "The mirror is a worthless invention. The only way to truly see yourself is in the reflection of someone else's eyes."

- Voltaire.

3. "Anyone who has the power to make you believe absurdities has the power to make you commit injustices."

- Voltaire.

4. "Give me the patience for the small things of life, courage for the great trials of life.

Help me to do my best each day and then go to sleep knowing God is awake."

- Voltaire.
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1/ There are a ton of books about Financial & Fundamental Analysis, Scuttlebutt and Technical Analysis. But there aren't many books 'taking risk'.

Among the few that exist, 'Zurich Axioms', written in 1985, is the best. Here are my key takeaways from the book.


2/ A bit about Max Gunther's (The Author) background. He was an Anglo-American journalist and writer, who wrote 26 Books.

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Max Gunter formalied these 'Axioms' by writing about them.

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5/ Axiom #1: In order to earn returns, you must take risk. Risk will make you worry.

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@PrashPeru88 this book but a older edition
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10 Life-changing Lessons From the Book “The Art of the Good Life”

⚡️Book Review⚡️

- By Million-selling author of The Art Of Thinking Clearly


1. Peak-end Rule:

You remember the high point and the end point of your holiday, but the rest is forgotten.

👉Remind to make them as sweet as possible.

2. Plans are nothing. Planning is everything.

A good life is not a stable state or condition.

👉The good life is only achieved through constant readjustment.

3. Inflexibility as a Stratagem

When it comes to important issues, flexibility isn’t an advantage – it’s a trap.

👉Use radical inflexibility to reach long-term goals that would be unrealizable if their behavior were more flexible.

4. Reality Doesn’t Care About Your Feelings

👉Accepting reality is easy when you like what you see, but you’ve got to accept it even when you don’t – especially when you don’t.
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10 Life-Changing Lessons “The Art of War” by Sun Tzu

⚡️Book Thread⚡️


1. “Let your plans be dark and impenetrable as night, and When you move, fall like a thunderbolt.”

We should devote a significant amount of time to planning.

But remember, without solid action, a plan is just a plan, and nothing more.

2. "There are not more than five primary colors, yet in combination, they produce more hues than can ever be seen.”

It’s not about the number of tools you have, it’s about how you use them.

3. “If he sends reinforcements everywhere, he will everywhere be weak.”

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Concentrate on key areas of improvement, and don’t try to be everything and anything at once.

4. “There is no instance of a nation benefiting from prolonged warfare.”

We shouldn't wait forever to tackle our problems

We should make progress toward our goals as soon as possible
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