Money and Finance
8 Things The World’s Most Successful People All Have in Common
UPDATE: An important question to think about if you read the article below is--as Peter Bevelin discussed in my interviews with him--Compared to what? Are there not many people that have done those 8 things and failed? As Peter said in our interview:
What is the evidence? Can I disprove it? Compared to what (including negative cases and non-events)? Randomness content? If I believe this, what would follow? What would I have to check out? What ideas can help me? I wrote more about this in part three of my book.
And just in case you haven't bought
Seeking Wisdom yet, here's a link:
Seeking Wisdom: From Darwin to Munger. And if you are interested in any of the books Peter mentioned in our interviews, you can find them all in one place,
HERE.
Link to article: 8 Things The World’s Most Successful People All Have in Common
…when they fail, they do not waste much time lamenting; blaming; or, at the extreme, quitting. Instead, regarding the failure as a learning experience, they try to build upon its lessons in their future endeavors. Framing is most succinctly captured in aphorism by French economist and visionary Jean Monnet: “I regard every defeat as an opportunity.”
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Successful creators engage in an ongoing dialogue with their work. They put what’s in their head on paper long before it’s fully formed, and they watch and listen to what they’ve recorded, zigging and zagging until the right idea emerges.
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Sum Up
Eight things you can do to be like the best:
1. Stay Busy
2. Just Say No
3. Know What You Are
4. Build Networks
5. Create Good Luck
6. Have Grit
7. Make Awesome Mistakes
8. Find Mentors
...............
A few related books,
HERE.
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Links
Nassim Taleb on the success of Munger-Buffett (LINK) So I figured out something about the success of Munger-Buffett. It is not in the strategies they run, but in their very, very, very strong filtering. Simply it is generalized flaneuring. Charlie...
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The Tendency To Stop Considering Other Possible Explanations After Reaching A Diagnosis...
The quote below is from Peter Bevelin in his book Seeking Wisdom: From Darwin to Munger. It was in reference to a medical study, but I think it also applies well to investing. The single most common cause of cognitive-based errors was the...
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Learning From Sherlock Holmes – By Jana Vembunarayanan
Found via The Big Picture. Recently I read the book A Few Lessons from Sherlock Holmes. If you want to improve your thinking then you should read this book. In this book the author has distilled Arthur Conan Doyle’s Sherlock Holmes into bite-sized principles...
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Keeping It Simple...
Quotes from the section on 'Simplification' in Seeking Wisdom - from Darwin to Munger by Peter Bevelin. "We have a passion for keeping things simple." -Charles Munger "It's amazing how many people even today use a computer to do something...
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Video Summaries Of Peter Bevelin's "seeking Wisdom - From Darwin To Munger"
Links to videos: MainTakeAway: Seeking Wisdom pt. 1 By Peter Bevelin MainTakeAway: Seeking Wisdom pt. 2 By Peter Bevelin MainTakeAway: Seeking Wisdom pt. 3 By Peter Bevelin ……………. Related previous post: 2007 and 2009 Interviews with Peter Bevelin...
Money and Finance