1/ My thesis that by externalizing our thoughts by writing them out, we:

~Understand if we understand or not (writing is a forcing mechanism);
~Quickly see holes or problems in our ideas that we wouldn't grasp if they just remained in our thoughts;
2/

~Externalize our thinking in time such that our minds can't helpfully "update" our memories to make them consistent with what we know and think now (hindsight bias);
~Help us understand WHY we were thinking things at the time and remind us that our "memories" are unreliable
3/ narrators. There's nothing quite as shocking as truly thinking you thought something during some event and then being called a liar in your own handwriting.

This is vital for correcting our errors and updating our mental models. I simply can't think of any other easy activity
4/ that has a higher ROI than this in terms of upgrading and learning from your mistakes. I'm pretty sure if I hadn't been doing this all of my adult life, it wouldn't have been nearly as easy to write this:

jimoshaughnessy.tumblr.com/post/175118354…
5/ And here's a longer thread on why I think documenting your thinking is something that gives you a huge advantage over those who don't:

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More from @jposhaughnessy

2 Apr
1/An anecdote from this book, that shows us that while our memes are better, it's still the same script, just with different actors

amazon.com/Plungers-Peaco…
2/ Edward Harriman, a railroad baron and stock speculator, had a keen understanding of the power of human emotions in pricing a stock.

Asked if he could sell Southern Pacific, then trading at $70 a share for $80 per share, he answered: No, but he *could* move the price
3/ of the stock UP to $150 per share and then sell it DOWN to $100 per share.

When asked why, he said that a $10 move in the share price wasn't big enough to ignite the imaginations of stock investors, but that an $80 spurt in the price would capture everyone's attention
Read 4 tweets
28 Mar
1/ Book recommendation

This extraordinary book, like much of what it explores, is difficult to categorize, but if you read/view it, you will come away thinking that is a very good thing indeed.

amazon.com/Unflattening-N…
2/ Author/illustrator @Nsousanis liberates us from "Flatland" by fusing symbols, images, and language together in an almost magical way. He quotes S.I. Hayakawa: "We are the prisoners of ancient orientations imbedded in the languages we have inherited." There's a way out:
3/ "Text immersed in images" and "pictures anchored by words" allow us to escape from the linear world of Flatland into the three dimensional (and more) world of many nonlinear dimensions. The world we live in requires this reframing of thought, as it and we become
Read 17 tweets
21 Mar
We are increasingly comfortable with abstractions.

I remember vividly when this music video came out in 1983, with its novel close-cuts and an androgynous Annie Lennox, everyone thought it was the coolest thing in the world:

Now, it seems quaint.

And you can pretty much do anything you want, your only boundaries are your own imagination and creativity.

For example:

And virtual art is making a splash, not just NFTs:

Read 6 tweets
16 Mar
1/ .@polina_marinova, sometimes cool synchronicities happen. Just as you posted this bit about my wife and my simple rule of "try to raise great adults" precluding saying things like "because I said so" to your kids, I read this
2/ passage from @DavidDeutschOxf's outstanding book "The Beginning of Infinity: Explanations That Transform the World" which does offers an excellent explanation for *why* saying that to your kids is such a bad idea.

Here's @DavidDeutschOxf on the subject:
3/ "Bad philosophy has always existed too. For instance, children have always been told, ‘Because I say so.’ Although that is not always intended as a philosophical position, it is worth analysing it as one, for in four simple words it contains remarkably many themes of false
Read 6 tweets
16 Mar
1/Just recorded a podcast with the amazing and inspiring @MSFalk, who despite having to deal with ALS, continues in his efforts to leave the world a little better than he found it.

His rational optimism and detailed understanding of many of the big problems we face as a society
2/ is not told with a pessimistic attitude but rather with pragmatic, actionable suggestions that he writes about in his two books.

I plan on having him on again after I read both books, in order to have a discussion about how we don't have to move mountains to make things
3/ much better for everyone in society. Michael's a very special person, I urge you to give him a follow and read his books. The first on is free for kindle on Amazon, which you can find here:

amazon.com/Learn-Sustain-…
Read 4 tweets
12 Mar
1/ "The same thing happened today that happened yesterday, only to different people."
~Walter Winchell
2/ I have long contended that in the battle for investment success, investors are their own worst enemy. my first investment research in 1989 in a paper entitled "Quantitative Models as an Aid in Offsetting Systematic Errors in Decision-Making." (I've gotten better with titles.)
3/ I tried to demonstrate that human beings ultimately determine how stocks are priced. Since we don’t check human nature at the door when entering a stock exchange, I argued that we could learn a great deal from psychological studies
Read 24 tweets

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