future
Thoughts

Charlie Munger

The game of investing is one of making better predictions about the future than other people.  How are you going to do that?  One way is to limit your tries to areas of competence.  If you try to predict the future of everything, you attempt too much.  You’re going to fail through lack of specialization. Please […]

Human Brain
Thoughts

Human Brain

“The human brain is the product of millions of years of evolution, we are hard-wired with instincts that helped our ancestors to survive in small groups of hunters and gatherers. Our brains often jump to swift conclusions without much thinking, which used to help us avoid immediate dangers. We are interested in gossip and dramatic […]

psychologist
Thoughts

B.F. Skinner

The great behavioral psychologist, taught us that behavior conditioned by variable interval reinforcement – engage in the behavior and from time-to-time the system will be primed to give you a payoff –was the most difficult to extinguish. Subjects could never be sure that another reward would not be forthcoming. Similarly, it is hard to discern […]

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