Anchor to the future
Making a case for why we need to anchor to the future and not to the past.
Category: Wisdom
Zigging and zagging
It has two main themes. The first theme is that lucky people follow a zig zag path in life. The second theme is that heavy ideologies must be avoided because they box you in and don’t allow you to zig zag. And therefore, in a world of ideas, we must be nomads, not settlers.
How foolish are you willing to look
Warren Buffett said that he and Charlie are willing to look foolish provided they have not acted foolishly. In this blog, I am saying this is a superpower because it allows you to not fall for social proof and making independent decisions.
Falling for narratives
The mind likes to weave simple narratives around complex events. It makes it easier to store, understand and retell them. In investing it is better to have fewer narratives and be willing to go anywhere where there are opportunities.
Bias for now
Humans spent a majority of the time as hunter – gatherers. Therefore we have a bias for immediacy. This is both good news and bad news. Good news when we can use dashboards and other real time feedback for improvement. Bad news because Compound Interest is an invention of civilization which we are not programmed for.
This too shall pass
When there is so much noise and confusion around us, it is important to have a perspective that everything is impermanent. And no matter how dark the day is now, that too shall pass.
Best of times, worst of mistakes
This blog is about money. And how over centuries we seem to be making similar mistakes with it.
Anitya: everything is transient
Everything is transient. They come and they go. And things often don’t go according to plan. But cultivating an attitude of taking things less seriously and viewing them as transitory can act as a shock absorber.
We’ll See – 2
Change is hard yet underestimated and we must not declare victory too soon because things tend to revert to mean. This is a sequel to the previous blog on the importance of being skeptical.
We’ll see
Time is the ultimate stressor. Most of the current narratives, ideas, books, products or technologies are unlikely to stand the test of time. On the other hand, things, ideas and products that have survived for hundreds of years are likely to do so in future too.
Interest upon Interest 