BC PRINCIPLES

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Sahil Bloom
@SahilBloom 2 years, 10 months ago 445 views

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10 fascinating traits of highly-successful people:

1) Enjoy Being Wrong: The most successful people legitimately enjoy being wrong. They’ve learned to embrace new information that forces you to change your viewpoint—these "software updates" improve upon the old.

(read on)

2) Work in Sprints: Parkinson's Law says that work expands to fill the time available for its completion. Winners typically work like lions instead—sprint, rest, repeat.

3) Antifragile: Life is chaotic. The best aren't broken by the chaos—they build structure to benefit from it.

4) Paranoia: Highly-successful people share a surprising fear that all of the success is suddenly going to disappear. It creates a drive for continued growth.

5) Self-Awareness: The most successful people are hyper self-aware. They know their unique edge (and their weaknesses).

6) Compartmentalization: An uncanny ability to compartmentalize. They turn off outside stressors and focus exclusively on the task at hand.

7) Focus on Questions, Not Answers: They ask great questions. It allows them to aggregate insights more effectively.

8) Expert Advice Filters: Winners have learned how to filter and selectively implement advice—take the signal, skip the noise.

9) Impatient Long-Term Thinkers: Long-term thinking plus short-term impatience for action is the recipe for success.

10) Smile Through Chaos: I had a teammate who would grin wildly when we were in the depths of a painful workout. It was simultaneously inspiring and terrifying. If you can do this, it means everyone wants to stand with you, and no one wants to stand against you.

Those are 10 interesting traits I’ve observed in highly-successful people.

What others would you add to the list?

Follow me @SahilBloom for more writing on life and growth. I’ll write a deeper dive on this in my newsletter. Join 115K others! https://t.co/32basvHOHZ

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Sahil Bloom
@SahilBloom

To outperform, you need serious problem-solving skills.

Fortunately, these skills can be learned.

THREAD: A simple, powerful mental model for thinking clearly and solving complex problems:

When solving problems, the human mind is wired to think in linear, logical, forward terms.

But as the problems get increasingly complex, this forward, logical process often fails.

Enter our simple, powerful mental model: inversion.

What is inversion?

Inversion is a mental model and thinking tool used by some of the world’s greatest thinkers and problem solvers.

Simply put, it says that when problems become challenging to solve forwards, they may be more readily solved backwards.

Inversion as a general thinking tool has been around for millennia.

Stoic philosophers had premeditatio malorum - “the pre-meditation of evils” - an exercise in which they would imagine the worst case scenario ahead of time.

It allowed them to make plans to avoid this outcome.

The formal mental model was popularized by German mathematician Carl Jacobi in the mid-1800s.

When faced with difficult problems (which happened frequently in his field of elliptic functions!), he had a strategy: “Man muss immer umkehren.”

Translation: “Invert, always invert.”

Sahil Bloom
@SahilBloom

Logical fallacies are errors in reasoning that undermine the quality of an argument.

THREAD: 20 common logical fallacies to learn, identify, and avoid:

Ad Hominem

Latin for "to the person" - an attack of the person rather than the argument.

Instead of addressing the argument and its points and merits, the offender attempts to refute the opposition on the basis of personal characteristics.

All-too-common in politics.

The Texas Sharpshooter

A Texan fires a gun at a barn wall and then paints a target around the closest cluster of bullet holes to create the appearance of accuracy.

Selecting and highlighting evidence that supports the conclusion while ignoring evidence that may refute it.

The Bandwagon Fallacy

An assumption of truth on the basis of the majority of people believing it to be true.

"Everyone believes X, so obviously X is true."

Typically offered without regard for the qualifications or ability of the people in question to validate the claim.

Straw Man

The offender ignores the actual argument and replaces it with a flimsy, distorted, easily-refuted argument (a “straw man”).

By replacing a strong argument with a weak one, the offender can create the illusion of an easy, swift victory.

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Sahil Bloom
@SahilBloom

The most powerful paradoxes of life:

The Persuasion Paradox

Have you noticed that the most argumentative people rarely persuade anyone?

The most persuasive people don’t argue—they observe, listen, and ask questions.

Argue less, persuade more.

Persuasion is an art that requires a paintbrush, not a sledgehammer.

The Effort Paradox

You have to put in more effort to make something appear effortless.

Effortless, elegant performances are often the result of a large volume of effortful, gritty practice.

Small things become big things. Simple is not simple.

The Wisdom Paradox

“The more I learn, the more I realize how much I don't know.” — Albert Einstein

The more you learn, the more you are exposed to the immense unknown.

This should be empowering, not frightening.

Embrace your own ignorance. Embrace lifelong learning.

The Growth Paradox

Growth takes a much longer time coming than you think, and then it happens much faster than you ever would have thought.

Growth happens gradually, then suddenly.

When you realize this, you start to do things differently.

Sahil Bloom
@SahilBloom

Life rules worth breaking:

Wait for the Perfect Moment

This rule has paralyzed would-be action-takers for generations.

The reality: there is no such thing as the perfect moment.

Sometimes you just have to open the door, jump out of the plane, and hope you packed the parachute tight.

You Have to Work Hard to Succeed

Hard work is important—but it's relative, not absolute.

In the Digital Age—when creative and inspired work stands out and is rewarded—what you work on is more important than how hard you work.

Play your game, not theirs.

You’ll play it better.

Let Things Play Out

This isn't a movie that you're watching on your TV. You are not a passive observer of your own life.

There are times to sit back, and there are times to push.

Learn to identify the difference and never be afraid to provide a little push.

Don't Ask Too Many Questions

Children are born with an insatiable curiosity, but somewhere along the line, we are told to stop asking questions.

The most successful people in the world never listened—they broke this rule.

Ask questions. Be curious. Be interested.

Sahil Bloom
@SahilBloom

I recently found out I'm going to be a father.

Here are the principles I want to teach my child to live by:

Be Interested

Talent is overrated—interest is not.

Interested people are prone to giving their deep attention to something to discover more about it.

They ask questions, listen, & observe. They open up to the world around them.

Being interested is a key to a fulfilling life.

Different is Beautiful

Growing up, I feared being different—I desperately wanted to fit in.

I made bad decisions grounded in insecurity.

I only realized later: being different is your edge—your ultimate competitive advantage.

No one can compete with you, at being you.

Work Hard

If you want to accomplish anything in life, you have to work hard.

Don't believe the hype. Hard work isn't the sexy, flashy Instagram posts saying "rise & grind”—it's the ugly, painful effort in the dark, when no one is watching.

If you want something, go get it.

Show Up in the Darkest Hour

It's easy to be there for people to celebrate their wins.

It takes character to show up for them in their darkest hour.

People never forget who supported them when the chips were down.

Be the friend who is always there—in good times and bad.

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David Morris
@wdmorrisjr

The Paradoxes of Desire: 🧵

The Pain Paradox

Desire creates pain in our lives.

But living a life void of desire is equally, if not more, painful.

The Intensity Paradox

The more intensely you desire something, the harder it seems to attain.

If you don’t desire something with enough intensity, you never do what's required to attain it.

The Risk Paradox

We desire comfort, security, and safety.

But nothing we desire can be obtained without risk.

The More Paradox

We are driven by a desire for "more."

When we get it, it's not enough.

$Blake Burge \U0001f4a1$

Blake Burge 💡
@blakeaburge

20 of the smartest things that have ever been said: 🧵

"Holding onto your anger is like drinking poison and expecting the other person to die.”

–Buddha

“We are what we repeatedly do, Excellence is therefore not an act but a habit."

–Aristotle

"Look at a day when you are supremely satisfied at the end.

It's not a day when you lounge around doing nothing; it's a day you've had everything to do and you've done it."

–Margaret Thatcher

“There are only two great tragedies in life: one is not getting what you want and the other is getting it.”

–Oscar Wilde

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Philosophy Thoughts
@Philosophy_DQ

15 Deep Philosophy Quotes From “Albert Einstein "

| Thread

1. "Weak people revenge. Strong people forgive. Intelligent People Ignore."

- Albert Einstein

2. "The world will not be destroyed by those who do evil,

but by those who watch them without doing anything."

- Albert Einstein

3. "Don't wait for miracles, your whole life is a miracle."

- Albert Einstein

4. "The measure of intelligence is the ability to change."

- Albert Einstein

Philosophy Thoughts
@Philosophy_DQ

15 Deep Psychology And Philosophy Quotes From "Carl Jung"

| Thread

1. "The world will ask you who you are, and if you don't know, the world will tell you."

- Carl Jung

2. "You are what you do, not what you say you'll do."

- Carl Jung

3. "Everything that irritates us about others can lead to an understanding of ourselves."

- Carl Jung

4. "If a man knows more than others, he becomes lonely."

- Carl Jung

Sahil Bloom
@SahilBloom

20 ideas I can’t stop thinking about:

The Feynman Technique

To learn anything:

Step 1: Identify a topic
Step 2: Try to explain it to a 5-year-old
Step 3: Study to fill in knowledge gaps
Step 4: Organize, convey, and review

True genius is the ability to simplify, not complicate.

Simple is beautiful.

Intellectual Sparring Partners

Most of us need fewer friends and more intellectual sparring partners.

Friends are easy to come by.

Intellectual sparring partners are harder to find.

They will call you on your BS, question your assumptions, and push you to think deeply.

Boredom Alpha

Experiencing regular periods of boredom is a competitive advantage.

Your most creative moments come during bouts of boredom.

In the shower, on a walk, at a dinner by yourself.

You’re bored, your mind wanders, and creative insight strikes.

Boredom creates alpha.

Paths Open vs. Closed

Black Lines = paths closed
Green Lines = paths open

We spend too much time focusing on what might have been (black) and not enough time focusing on what may be (green).

Never underestimate the density of opportunity that lies ahead.

(h/t @waitbutwhy)

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1/OK, I should really write another thread about university-centric regional development, because I think people often make some (very understandable) mistakes when thinking about this issue.

2/The biggest myth, I think, is that universities help regions by educating locals as undergraduates.

Skeptics of universities say: "But most of the people who graduate end up leaving."

3/In fact, most of what a university does for a regional economy is NOT about educating local kids.

Educating local kids is good for the nation, but doesn't help a region much.

The way a university helps a region is through

4/Undergraduates usually leave town after graduation.

But university RESEARCH pulls in OTHER smart people from other regions, and they stay there.

Here's a paper showing that this is the main way universities increase a region's human capital:

5/Research also pulls in business investment.

Companies want to partner with university labs, so they can commercialize the technologies the labs produce. So they invest in the labs, and sometimes they even put their offices in the town.

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one of the things i like about Batman is that it's fundamentally about being orphaned, and being an orphan — how this guy stays tethered to the world in his own weird, abstract, extrajudicial way when he feels that his link to it has been violently severed

Batman does this by permanently recapitulating his own trauma: solving crimes for other people, protecting them. But that's actually just the beginning; he also recapitulates his own experience of orphanness by essentially raising several orphans

Dick is an orphan in the traditional sense: dead parents. Batman sees it happen. Jason, less so: missing dad, known mom who eventually dies. Tim, even less so: parents are around a while, and involved, before both dying. Carrie, even less than that: negligent parents.

Steph: evil father, who openly works against her. And then there's Damian, whose parents are both alive and yet both have identities that totally obliterate their role as his parents. He doesn't relate to them as a mother and father; he can't, and neither can they.

In all these different cases, Batman tries all these different ways of making orphanness for them not what it was for him: Either by trying to teach them the (arguably poor) coping skills early that he learned over a very long time, or by literally legally adopting them, etc.

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Sheetal Rijhwani
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How you can filter stocks for Intraday trades - 🧵

As a kid, we would do homework before school the next day - you have to do homework here too. A specific sector performs on a particular day and studying things a day before will help you spot that particular sector. (1/11)

To prepare for the next trading day, you got to check the Index charts of all sectors. You got to keep an eye on a specific Index if you see a few factors:

- If any Index closed exactly at the resistance, you can get a trade on either side on the next day. (2/11)

- If it gave a rejection candle at resistance.

- If any Index closed exactly at support, you can get a trade on either side the following day.

- If there was a bullish signal at the support.

- If any Index gave a breakout or breakdown and then gave a good closing. (3/11)

- If any Index has taken support at 50 or 200 EMA.

Once you spot the Index, look at all the stocks in that particular Index. Pick at least 3-4 stocks from that Index and add them to your watchlist for the next day. It's ideal to check both higher and lower timeframes. (4/11)

What you should do next day? (When I am unable to check Indices and stocks a day before, I sometimes directly start with this process.)

- Start with checking the top gainers/losers list. I observe market from 9:15 to 9:45am to check the sectors performing well on that day.(5/11)

JayneshKasliwal
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ULTIMATE GUIDE TO 21 and 200 Moving Average
SUNDAY THREAD 🔖
A trend Following System That will Help You Improve Trading immensely.

RETWEET AND SHARE 🔄
@kuttrapali26 @AmitabhJha3
#stocks #StockMarket
1/n

Moving averages
EMA and SMA
1. Exponential Moving Average (EMA) is similar to Simple Moving Average (SMA), measuring trend direction over a period of time.
2. However, whereas SMA simply calculates an average of price data, EMA applies more weight to data that is more current
2/

21 EMA : SHORT TERM TREND
1. Calculates the Average Price of past 21 days
2. A stock above 21 ema is in strong momentum , which will give pullbacks to 21 ema again and again.
3. Stock above 21 ema should never be shorted so as to stay with the trend
3/n

3. A stock which moves 10-15% above 21 ema will be too extended and hence will generally pullback
Stocks take dynamic support on 21 ema
4. You can Short only if its too extended like 15 to 20% from 21 ema ( Not advised )
#ADANIPOWER:
#pnbhousing
4/n

1. Whenever 21 ema is sloping upwards its called uptrend
2. Whenever 21 ema is sloping downwards its called dowtrend
3. Whenever 21 ema is sideways its called consolidation
⏫Buy in uptrend
⏬Sell in downtrend
Examples:
5/n

Formula 1
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After 17 years and more than 300 races, it could be @alo_oficial's last F1 race on Sunday 😭 He's given us a lot over the years... including some superb GIFs!

Here we have a rare example of a GIF you can actually hear. TOMA. 💪

The Spanish Samurai

Never give up. 💪 #GraciasFernando

Winning is everything. #GraciasFernando