Comprehension vs. Understanding

Understanding and comprehension are slightly different. We can comprehend something without truly understanding it. Hindsight is often the difference. First hand experience provides a deeper understanding that can lead to behavioral changes whereas comprehension, even with common sense, may not affect behavior either way. By experiencing things first hand, you not only gain an understanding but also your tolerance for whatever it is you are learning about.  

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The Anomalous Observation

Pattern recognition helps us navigate the world using a form of stereotyping. However, when a pattern deviates from the standard, we’ll experience an anomaly. Anomalies are peculiarities or inconsistencies in what is expected. An anomalous observation is often immediately ignored… But sometimes anomalies can be business opportunities. For instance, Akio Morita created the Sony Walkman by initially observing that teenagers were carrying ridiculously large radios next to their heads. It didn’t make sense, but they were doing it anyway. This observation led to the creation of the Walkman which changed music…

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Success is Largely Mental

Success is largely a mental game… To accomplish what you know you can and should accomplish, you need to take care of your brain and body as a first priority. This means exercise, eat right, get sleep, don’t drink alcohol or do drugs. If you do drink, do it rarely and in moderation… If you can stop drinking (especially if you want to stop), do so. Everyone’s different. Some people can literally destroy their bodies and brains and still function at a high level. I am not one of those…

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Fear Can Be Nourishing…

Fear can be bad if you don’t know what to do with it… Being afraid to confront fear is bad… But fear can be nourishing when you confront it and eat it. By eating irrational fears, you become stronger and more resilient. Several days and weeks of eating fear changes you. It helps you avoid becoming the perfect failure. Eat irrational fear every day.

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Think Small, Work Hard, Stay Frugal

If you’re an artist, financial troubles can dampen your creativity… There is a link between freedom and debt. Debts can kill dreams. So artists often accept that they may never make money from their work. They think small, work hard and stay frugal. Don’t think small with your business or art… But with your living situation. Pressure to perform creatively can have a negative effect on production. A research paper titled “Perspectives on the Social Psychology of Creativity” by Teresa M. Amabile and Julianna Pillemer at Harvard Business School states: “…the…

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Money and Happiness

The book “Doing More with Less” by Bruce Piasecki emphasizes the importance of frugality. The author is a fan of Benjamin Franklin… One of Benjamin Franklin’s major insights into human nature is that frugality and industriousness are the ways to wealth. However, frugality is hard because we are constantly urged to spend money… I even allude to spending in my footnotes below. Happiness and Having vs. Spending Money A study by Daniel Kahneman and Angus Deaton found that the link between money and happiness existed, but only up to about…

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Through Static

Static can be what you hear on the radio, or it can be someone or something in your life that’s making things difficult… Sometimes, the song on the radio you can just make out is so damn good, that even through the static, you want to listen to it. So you focus your attention, and ignore the static. Whether it’s a song on the radio, or that really hard work you’re doing in earnest… Being able to put up with the static is a good sign that you really love…

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The Greatest Competition is for Second Class Prizes

the greatest competition is for second class prizes

Jim Rohn has some great quotes. One of my favorites is: Success is nothing more than a few simple disciplines, practiced every day; while failure is simply a few errors in judgement, repeated every day. It is the accumulative weight of our disciplines and our judgements that leads us to either fortune or failure. And America is unique because it offers you an economic ladder to climb. And here’s what’s exciting: It is the bottom of the ladder that is crowded, not the top. The heaviest competition is fighting for…

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Three Important Life Questions from “Principles”

Ray Dalio’s book “Principles” is a very good read. It delivers early on, too. Within the first few pages Dalio offers three important questions that anyone can use to help them make better decisions in their life. Indeed, if you only remember these questions, you could get a ton of value from this book. The three questions Ray Dalio asks you to ask yourself are: What do you want? What is true? Considering #2, what are you going to do to accomplish #1? So simple, but so important. The questions…

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Freedom and Debt

Some people just have a lot of interests. And it can be hard to whittle them down. Such a big world. So much to know and do… Why not be a philistine? Accept, though, that if you’re unfocused you will have a hard time generating income. So stay away from debt. Because debt can make the process of finding, and doing, what you love much harder. I saw the quote below, attributed to Tom Rothman, former President of Fox Filmed Entertainment, which sums it up: “The trick is from the…

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