Avoiding 21st Century Twaddle

“Man, as a social animal who has the gift of language, is born to prattle and to pour out twaddle that does much damage when serious work is being attempted. Some people produce copious amounts of twaddle and others very

Availability-Misweighing Tendency

This mental tendency echoes the words of the song: “When I’m not near the girl I love, I love the girl I’m near.” Man’s imperfect, limited-capacity brain easily drifts into working with what’s easily available to it. — Charlie Munger,

Book Review: Sapiens – A Brief History of Humankind

There are many aspects of life where the link between cause and effect is very clear.  Humans, as well as many other animals, quickly learn that taking a certain action invariably leads to a predictable and reliable result.  For example,

Sharing Ideas? Beware of Negative Lollapalooza Effects

“Good investment ideas are rare, valuable and subject to competitive appropriation just as good product or business acquisition ideas are. Therefore we normally will not talk about our investment ideas.” — Warren Buffett, Berkshire Hathaway Owner’s Manual One of the

Marcus Aurelius on Business, Investing, and Modern Life

“Treat what you don’t have as nonexistent.  Look at what you have, the things you value most, and think of how much you’d crave them if you didn’t have them.  But be careful.  Don’t feel such satisfaction that you start

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