Saturday Serendipity
Quote, Mental Model, Twitter Thread, Thoughts.
This post will take you only 2 minutes to read!
Quote
"Envy, like thirst for revenge, is the wicked person's version of our natural sense of injustice." - Nassim Nicholas Taleb
Mental Model
IEI Test:
Buffett has a question that he always asks students. That question is who amongst your classmates is going to be the most successful and why? Who would you choose to have 10% of their earnings for the rest of their life?
Then he asks who do you think is the least likely to succeed?
The answers were not based on grades(intelligence), IQ, or family connections. People pick based on generosity, kindness, and integrity.
“You’re looking for three things, generally, in a person,” says Buffett. “Intelligence, energy, and integrity. And if they don’t have the last one, don’t even bother with the first two. I tell them, ‘Everyone here has the intelligence and energy—you wouldn’t be here otherwise. But the integrity is up to you. You weren’t born with it, you can’t learn it in school.”
What can we learn from this?
We want to associate ourselves with people with intelligence, energy and most importantly integrity. If you can figure out the people not to associate ourselves with automatically we get people who pass the IEI test. If you partner with people who have these three qualities you will succeed.
Twitter Thread
https://twitter.com/MnkeDaniel/status/1643950242310569984?s=20
Thoughts
One of the big problems currently is that whatever people believe in even remotely, they are fed information through social media which is supporting their beliefs. Nobody is getting content which they don’t agree with and most people end up getting extreme ideologies which is very dangerous for society. This increases our commitment and consistency biases as we tend to believe the information which we want to see not what we should see. This can also be seen as confirmation bias.
"What a man believes he prefers to be true.” ~ Sir Francis Bacon
Another thing that I noticed and I think this is something we all lack. When we read about biases and ideas and in general problems we tend to think we understand them really well because we can spot them in other people. But these biases are there in ourselves also and most people including me tend to find problems in others but not ourselves. So I think the true understanding of a bias or any idea is only when you can spot it in yourself. Even Peter Thiel understood mimetic desire very well and he could use it to make himself successful but he really got moved by the idea when he spotted himself succumbing to it.
That’s it for this week! Have a great weekend!