Forwarded from Crypto Mumbles
Outcome bias (Resulting)
https://unconsciousagile.com/2024/07/07/outcome-bias.html#:~:text=Resulting%20is%20a%20cognitive%20bias,raingear%2C%20that's%20a%20rational%20decision
https://unconsciousagile.com/2024/07/07/outcome-bias.html#:~:text=Resulting%20is%20a%20cognitive%20bias,raingear%2C%20that's%20a%20rational%20decision
Unconscious Agile
Outcome bias (Resulting)
When I first read How to Decide: Simple Tools for Making Better Choices by Annie Duke, one of my biggest aha moments was from what she calls Resulting and is more formally known as Outcome Bias.
finished Outliers and Siddhartha this month, book progress has been amazing this year
will drop my quick thoughts and summary on both books soon
current read: Skin In The Game
will drop my quick thoughts and summary on both books soon
current read: Skin In The Game
"If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts, he shall end in certainties"
- Francis Bacon
- Francis Bacon
Outliers by Malcolm Gladwell
easy read with interesting examples and great narration
Key Takeaways
- luck plays a crucial factor in life and a 1% increase in luck can compound into drastic (positive) differences in life down the road
- obsession is a key trait among the outliers
> Steve Jobs, Bill Gates, and Bill Joy were obsessed with computers even before the dawn of personal computers. when the time came, they simply seized the opportunity and used their abundant knowledge regarding computers to build empires.
- timing and knowing when to take advantage of trends is key
> of the 75 richest people in human history, almost 20% of them came from a single generation in America. they were all born before the 1860s and 1870s, where America went through its greatest transformation. if they were born a few years early or late, they never would've been able to take advantage of the generational opportunity.
- in life, sometimes all we need is a chance to change our lives. however, when that chance comes, will you be able to recognise and seize it?
#book
easy read with interesting examples and great narration
Key Takeaways
- luck plays a crucial factor in life and a 1% increase in luck can compound into drastic (positive) differences in life down the road
- obsession is a key trait among the outliers
> Steve Jobs, Bill Gates, and Bill Joy were obsessed with computers even before the dawn of personal computers. when the time came, they simply seized the opportunity and used their abundant knowledge regarding computers to build empires.
- timing and knowing when to take advantage of trends is key
> of the 75 richest people in human history, almost 20% of them came from a single generation in America. they were all born before the 1860s and 1870s, where America went through its greatest transformation. if they were born a few years early or late, they never would've been able to take advantage of the generational opportunity.
- in life, sometimes all we need is a chance to change our lives. however, when that chance comes, will you be able to recognise and seize it?
#book
[BR]
Siddhartha by Hermann Hesse
My first philosophical book and I loved it. This will be a book that I'll be rereading from time to time to draw different insights at different stages of life.
Key Takeaways
- Patience patience patience. Siddhartha was nothing but patient throughout his life. If anything, patience is one of the best traits to have. The ability to sit on your hands and do nothing in life. Something I find hard to do.
- "Wisdom cannot be passed on. Wisdom which a wise man tries to pass on to someone always sounds like foolishness."
> To me, until realisation hits for the recipient, wisdom can never be fully internalised
- "Nothing was, nothing will be; everything is, everything has existence and is present."
> Like a river, water flows and changes, but the river itself remains. To live in the present, rather than fixating on the past or future.
Siddhartha by Hermann Hesse
My first philosophical book and I loved it. This will be a book that I'll be rereading from time to time to draw different insights at different stages of life.
Key Takeaways
- Patience patience patience. Siddhartha was nothing but patient throughout his life. If anything, patience is one of the best traits to have. The ability to sit on your hands and do nothing in life. Something I find hard to do.
- "Wisdom cannot be passed on. Wisdom which a wise man tries to pass on to someone always sounds like foolishness."
> To me, until realisation hits for the recipient, wisdom can never be fully internalised
- "Nothing was, nothing will be; everything is, everything has existence and is present."
> Like a river, water flows and changes, but the river itself remains. To live in the present, rather than fixating on the past or future.
❤1