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IMReturnsManager @IMRiskManager
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Back to weekend reading after another long break and restarting with Atomic Habits by @JamesClear this week.
Daily action builds habits, habits build life.
This is such a simple yet powerful book, should be included in school syllabus.
#WeekendReading
#LearningTogether
1 A habit is a routine or behavior that is performed regularly—and, in many cases, automatically.
2 changes that seem small and unimportant at first will compound into remarkable results if you’re willing to stick with them for years. We all deal with setbacks but in the long run, the quality of our lives often depends on the quality of our habits.
3 With the same habits, you’ll end up with the same results. But with better habits, anything is possible.
4 The backbone of this book is my four-step model of habits—cue, craving, response, and reward—and the four laws of behavior change that evolve out of these steps. Readers with a psychology background
5 It is so easy to overestimate the importance of one defining moment and underestimate the value of making small improvements on a daily basis.
6. Improving by 1 percent isn’t particularly notable—sometimes it isn’t even noticeable—but it can be far more meaningful, especially in the long run. The difference a tiny improvement can make over time is astounding.
7 Habits are the compound interest of self-improvement.13 The same way that money multiplies through compound interest, the effects of your habits multiply as you repeat them.
8. You should be far more concerned with your current trajectory than with your current results.
9. Your outcomes are a lagging measure of your habits. Your net worth is a lagging measure of your financial habits. Your weight is a lagging measure of your eating habits. Your knowledge is a lagging measure of your learning habits. You get what you repeat.
10. Time magnifies the margin between success and failure. It will multiply whatever you feed it. Good habits make time your ally. Bad habits make time your enemy.
11. Breakthrough moments are often the result of many previous actions, which build up the potential required to unleash a major change.
12. Habits often appear to make no difference until you cross a critical threshold and unlock a new level of performance.
13. In order to make a meaningful difference, habits need to persist long enough to break through this plateau—what I call the Plateau of Latent Potential.
14. The task of breaking a bad habit is like uprooting a powerful oak within us. And the task of building a good habit is like cultivating a delicate flower one day at a time.
15. FORGET ABOUT GOALS, FOCUS ON SYSTEMS INSTEAD
Goals are about the results you want to achieve. Systems are about the processes that lead to those results.
16. The goal in any sport is to finish with the best score, but it would be ridiculous to spend the whole game staring at the scoreboard. The only way to actually win is to get better each day.
17. Achieving a goal only changes your life for the moment.
In order to improve for good, you need to solve problems at the systems level. Fix the inputs and the outputs will fix themselves.
18. Goals restrict your happiness. The implicit assumption behind any goal is this: “Once I reach my goal, then I’ll be happy.” The problem with a goals-first mentality is that you’re continually putting happiness off until the next milestone.
19 A systems-first mentality provides the antidote. When you fall in love with the process rather than the product, you don’t have to wait to give yourself permission to be happy.
20. The purpose of setting goals is to win the game. The purpose of building systems is to continue playing the game. True long-term thinking is goal-less thinking. It’s not about any single accomplishment. It is about the cycle of endless refinement and continuous improvement.
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