Nothing new under the sun

Peter Bevelin is a master in extracting critical passages from great books. He organizes these key passage into themes. Some of the advantages of the theme-based organization are easy lookup, easy recall, and it helps our associative brain as themes act as the central node on which we can hang other ideas and experiences. Click…

What gets measured gets improved

A wise man showed the image below to me and a few others. He told us the following. To be successful in any pursuit one needs to work hard and keep improving a tiny bit every day. What matters the most is not the magnitude of daily progress. But tiny progress over long periods of…

Munger’s Psychology Mindmapped

If you want to know about the properties of elements then you should read the periodic table. If you want to know about the solvency of a company then you should look at its balance sheet. What if we want to learn about our own irrationality? Without any doubt I would read Munger’s psychology of human misjudgment. I came…

Real Estate Psychology

I am currently in India enjoying my vacation. Couple of weeks back I met my friend who lives in Keelkattalai, Chennai. Near his place there was a new apartment complex that was being constructed. When asked about the price I was told that it costs Rs 6,200 per sqft. At this price if you want…

Narrative Fallacy

Our brain consists of two hemispheres; left and right. The two halves communicate with each other through a connecting fabric called as corpus callosum. For patients suffering from a form of epilepsy, corpus callosum needs to be severed to reduce the effects of epilepsy. The patients will lead a normal life after the surgery. But after removing this connecting…

Keeping a Diary

Human beings are the ultimate product of evolution. It has produced great minds like Issac Newton, Albert Einstein, and Thomas Edison. Gravity was discovered by Newton. This discovery explained why earth revolves around the sun and moon revolves around the earth. It was the same Newton who lost his money in south sea bubble. He wrote – I can…

Stories triumph Statistics

My sun sign is Scorpio. One of the astrology website gave me the following prediction. I wanted to find out if this prediction has any truth in it. I did a simple thought experiment. The world has 7.2 billion people and there are 12 sun signs. Let us assume that the sun signs are evenly distributed…