Category: Mindset

Optimize your phone for output, not input

Here’s a snippet from Steve Jobs’s iPhone announcement: Well, today, we’re introducing three revolutionary products of this class. The first one: is a widescreen iPod with touch controls. The second: is a revolutionary mobile phone. And the third is a breakthrough Internet communications device. So, three things: a widescreen iPod with touch controls; a revolutionary

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$100 off

Most people would not travel 30 minutes out of their way for a $100 off a new car. But they would for $100 off a TV. Why is this? The savings is the same as is the level of effort. Is it a question of valuing ones’ time? Or is more about the value returned

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Wisdom

In Average is Over, Tyler Cowen notes that twenty year olds used to prove mathematical theorems. Now it’s the thirty year olds. As problems get harder and harder, the need for experience and wisdom is increasing. There is no longer the advantage of starting from scratch. While this means more opportunities for those with experience,

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Turning the endowment effect inside out

Once people take ownership of something, sporting event tickets for example, they are generally unwilling to part with it unless they are offered 2-14x its cost. Behavioral economics call this the endowment effect and the willingness to accept (WTA). It’s the adding of value people assign goods simply because they own them and amount of

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Refusing to learn

When the money’s been spent and things aren’t working out the way you intended or hoped it’s easy to think that by pushing through you’ll force success. This is a refusal to learn. You’re saying, “things are set in stone. There’s nothing I can do about it. I just need to forge ahead.” But when

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Indifference

Passion is unchecked, uncontrollable emotion. Being passionate about a craft, for example, means having an unwillingness to let go and allow room for anything else. It means being blind to the world around except for the one true love. An attraction that is uncontrollable. It’s selfish and potentially destructive. Here’s an example: Say someone is

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The 94% failure rate of MOOCs

Here are some dire facts about Massive Open Online Courses (MOOC): The average rate of completion is 4%. Most people fall off in first two weeks. 50% view only a single lecture. 80% who sign up have college degrees. Even though there is no academic credit for completing a MOOC, people still cheat and plagiarize.

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Affirmations vs. Acceptance

Affirmations say, “you’re amazing.” Acceptance says, “you have everything you need to become amazing.” Affirmations say, “you’re rich.” Acceptance says, “work hard and you’ll become rich.” Affirmations say, “you didn’t fail the exam.” Acceptance says, “you failed the exam but you’re going to figure out why and figure out how you can ace the next

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Solving the Gordian Knot. What the path to success looks like.

The legend of the Gordian knot According to ancient Greek legend, a poor peasant named Gordius arrived in Phrygia riding an ox cart. Before his arrival, an oracle had proclaimed that the next man to entered the kingdom on a wagon would be made king, and so Gordius was crowned. To thank the gods, Gordius

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