Why use mental models
People that don’t learn from history are condemned to repeat them. But those that do can say to themselves: “I have seen this movie before and I know how it is likely to end”.
People that don’t learn from history are condemned to repeat them. But those that do can say to themselves: “I have seen this movie before and I know how it is likely to end”.
During the California Gold Rush, it was not the gold diggers but the shovel sellers that made a fortune.
Why trade/ business in general is a positive sum game for the society.
Both electrons and humans hate inconvenience. Therefore if your business can provide a path of least resistance, you would see a lot of happy humans (or electrons).
Toll roads are immensely valuable to society while being profitable to owners.
This blog first appeared on Flawlessguide.com. When you buy a stock, you buy a fractional ownership of a business. And your returns from that investment would depend on how the business performs. If the business performs well, then more people would demand for ownership in that business, driving the share prices up. And if the […]
Why endings matter.
We humans use anchors to help interpret situations.
Never, ever, think about something else when you should be thinking about the power of incentives.
Business models built on win-win relationships are more sustainable and less prone to risks.