The focus of your attention is like a beam of light.
You get to control the DIRECTION, SCOPE and INTENSITY.
You process what is illuminated and ignore what is left in the dark.
Choose accordingly.
The Window of Tolerance 🪟
"What really defines our optimal moments is that they are ones in which we are able to feel stable... to take things in our stride and to be neither weary nor fearful, bored nor manic."
- @TheSchoolOfLife
"If you want to improve your odds of success in life and business, then define the perimeter.. and operate inside. Over time, work to expand that circle but never fool yourself about where it stands today."
"In looking for someone to hire, you look for three qualities: integrity, intelligence and energy. But the most important is integrity, because if they don't have that, the other two qualities...are going to kill you."
-Warren Buffett
Play Long-term Games with Long-term People 🌱-> 🌲
'In a long-term game, it’s positive sum. We’re all baking the pie together. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.'
"This process creates a feedback loop so that you are continuously adapting and learning from your (or others) experiences."
The Deflationary Force of Innovation💡
"A minute of work in 1880 on the average wage could earn you four minutes of light from a kerosene lamp; a minute of work in 1950 could earn you more than seven hours of light from an incandescent bulb.."
“We don’t win bets by being in love with our own ideas. We win bets by relentlessly striving to calibrate our beliefs and predictions about the future to more accurately represent the world.”
“the result of the inability of human beings to foresee future market conditions correctly.
Such errors are most frequently compounded by distorted price signals...often caused by government intervention or inflation misleading market participants.”
Smart people sometimes have poor ideas. 'Dumb' people will sometimes offer up great ideas.
If you need all of your values + beliefs to align perfectly with someone in order to consider their idea, you’ll miss 𝘢𝘭𝘭 opportunities in life.
Kind vs. Wicked Learning Environments ⛳️
[by Robin Hogarth]
Kind: patterns recur, domain-constrained, rigid rules, frequent & accurate feedback, all the information is available
Wicked: information may be hidden, feedback may be delayed, infrequent, nonexistent, or inaccurate
“The ability to change your mind is a superpower.
The rate at which you learn and progress in the world depends on how willing you are to weigh the merit of new ideas, even if you don’t instinctively like them.”
“One of the things that life teaches you is that ‘good enough’ is almost always good enough. You learn that you can get satisfaction out of perfectly wonderful, but not perfect, outcomes.” @BarrySch
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Like the telegraph, steam engine, or printing press- it has no opinions, preferences, or beliefs. The user gives it meaning.
To better explain this, here's a children's book↓
Bitcoin is the only commodity where the rate of production is divorced from changes to amount of energy employed in its extraction.
Supply is predetermined and publicly auditable.
Bitcoin's consensus mechanism imposes an ‘unforgeable costliness’ on the production of new units, representing the invention of verifiable digital scarcity.