Lucky vs. Repeatable
Luck plays such a big role in the world. But few people want to talk about it. If I say you got lucky, I look jealous. If I tell myself that I got lucky, I feel diminished. Maybe a better way to frame…
Related Newsletters
More from Collab Fund
A Few Laws of Getting Rich
There are 13 divorces among the 10 richest men in the world. Seven of the top ten have been divorced at least once. Correlation isn’t causation, and that sample size is tiny. But a statistic that is…
«Most of what makes you happy in life has nothing to do with money, and realizing that once you have money can be a painful admission»
The Art and Science of Spending Money
Former General Electric CEO Jack Welch once nearly died of a heart attack. Years later he was asked what went through his mind while he was being rushed to the hospital in what could have been his…
«Psychologist Jonathan Haidt says people don’t communicate on social media; they perform for one another. Spending money is like that, too.»
Save Like A Pessimist, Invest Like An Optimist
In 1984 Jane Pauley interviewed 28-year-old Bill Gates. “Some people call you a genius,” Pauley said. “I know that might embarrass you but …” Gates deadpans. No emotion. No response. “OK, I guess that…
You May Also Like
Neuroscience Holds the Secret to Good Decision-Making. It's Not What You Think
The seemingly illogical answer to making better choices.
Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
Online and in print November 2023.
Magnification and Minimization: Two “Binocular Tricks” of the Mind
The binocular tricks of magnification and minimization are two common forms of cognitive distortion that can impacting our sense of self, our mental health, and even the integrity of our decision…
Interoception: The hidden ‘sixth sense’
Interoception is how we understand our body’s inner sensations. It’s our brain’s ability to sense what’s happening inside the body and adjust accordingly. And recent research suggests that this sixth…
«our brains didn’t evolve to merely react to the world around us, but rather to try to predict what will happen to us next based on both external and internal signals.»
Self-Taught AI Shows Similarities to How the Brain Works
Self-supervised learning allows a neural network to figure out for itself what matters. The process might be what makes our own brains so successful.