Evolution - random variations, most of which average out, while some advantageous ones self-reinforce in a nondeterministic, unpredictable and path dependent manner.
Somewhere down the line, a minor difference separated us from our closest cousin, Chimpanzee.
"We are, to a 98% approximation,
chimpanzees...chimpanzees are only 97% gorillas
[but are 98% human.
Chimpanzees are closer to humans than they are to gorillas." Matt Ridley, Genome
"If you took two plastacene amoebae and turned one into a chimpanzee and the other into a human being, almost all the changes you would make would be the same. Both would need thirty-two teeth, five fingers, two eyes, four limbs and a liver...
From the perspective of an amoeba, or for that matter a fertilized egg, chimps & human beings are 98% the same. There is no bone in the chimpanzee
body that I do not share. There is no known chemical in the chimpanzee brain that cannot be found in the human brain...
There is no known part of the immune system, the
digestive system, the lymph system, or the nervous system that we have and chimpanzees do not, or vice versa.
But of course, we have only 23 chromosomes vs their 24.
- Matt Ridley, Genome
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Extreme Success in any domain calls for extreme sacrifices!
(1/7)
Extremely successful people in any domain - sports, cinema, singing, dancing, technology etc are our icons. We follow them and wish we could be like them.
However, a closer look at their lives will tell you that it took a life long dedication for a single goal. The toil typically started at a very tender age and involved hours & hours of hard & monotonous work; so much so that the person sacrificed almost everything else.
The ugly lean poor, works hard physically in the Sun, eats plain, boring, freshly cooked, home food.
The sophisticated good looking rich sits on the couch in the air conditioned home, eats junk food all the time.
The poor doesn't even show #COVID__19 symptoms; it came & went!
The rich is checking the Oxymeter readings!
After all the day's hard work, the poor sleeps for 8 hours, gets up early to start all over again.
The rich is busy completing the web series, waking up in teh afternoon, with dreary eyes
Any significant decision making has to break through an iterative three layered P-conundrum: 1) Possibilities 2) Probabilities 3) Pay-offs
A decision maker needs to analyse various scenarios that can play out, what are the probabilities of each of these scenarios playing out and what are the payoffs or outcomes if any of these possibilities play out.
Decision Makers tend to falter at each of these stages.
Possibilities - A chess player, while analysing next moves, can simply miss a scenario that can cost her the match.
You will hear even the best proponents long term investing and compounding say that, "the problem with compounding is that most of the gains are back ended.”
(1/13)
Often the example of Warren Buffet is quoted saying that most of wealth got generated after he crossed 70 years (even though he started at the tender age of 11!).
This statement is specious.
It gives you an impression that it is a slow way of gaining & it needs patience...
...and possibly there is a faster way of gaining other than compounding. Let me clarify here...with the exception of sub-atomic world, a lottery, or adoption by a wealthy person or any such plain luck, there is no quantum leap in real life.
Compounding - the fundamental phenomenon behind every success
Compounding is said to be the 8th wonder of the world. Rightly so. It is the fundamental phenomenon behind any success in any domain - evolution, success, investing, fitness, skill development, relationships & so on.
Here is a statement that I have probably made the most on Twitter - Right from the Big Bang, which led to the advent of the universe, to the success of Facebook & Amazon, every success has undergone a compounding (every failure too has compounded at a negative growth rate!).
In plain english, the phenomenon of Compounding is that Success begets success. Every success: 1) makes a system inherently strong 2) opens new avenues, and paves way for future success
Amazon, which started as a e-store for books, built on initial success and ...
Next time when you walk (I know, it may take hours before you do that!😉), put your hands at your lower back, or lower side or lower front. Feel the tightness, the core muscles undergo alternately, as you move left foot & right foot.
(1/10)
When you stand & walk, these core muscles are continuously working, keeping things together in giving you support & stability.
To understand the kind of work these muscles do, refer to an extreme example, like walking on the Burma Bridge. If you've never, try it; for the time being watch some videos. This image may also help you relate to it.
Every step is an test for the strength of the core muscles!