Weekly Summary
A quote, A mental model, A thread , A question
A quote
“Generally speaking, envy, resentment, revenge and self-pity are disastrous models of thoughts…. Resentment is crazy. Revenge is crazy. Envy is crazy. If you get those things out of your life early, life works a lot better.” - Charlie Munger
A mental model
Anti-fragility: This is the opposite of fragility. By definition, “Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty”. This was coined by Nassim Taleb. A great example is when you lift weights your body is in pain as your muscles break down but when you recover the muscle becomes stronger and you gain muscle. When it comes to your finances and companies the first thing to check is if it is fragile. A good thing to not have is debt, which makes you fragile in times of stress. So as Munger says we should invert always invert. To understand this concept better read this.
A thread.
A question
I have read a lot over the last two years but there is no use for it if I do not apply it to my life. So what I have been looking into the past few weeks is whether I am doing what I am learning; that is the question to ask.
Are you implementing what you are learning?