by Taz | Aug 1, 2021 | Mental Models
The Circle of Competence is a concept that has helped investors like Charlie Munger and Warren Buffet get to where they are today. So, what is the Circle of Competence? It’s simply knowing what you’re good at and knowing what you’re not good at. If it sounds obvious,...
by Taz | Jul 2, 2021 | Cognitive Biases
The twaddle tendency is the need to speak confidently on something we don’t know enough about. The talk that comes from the twaddle tendency never adds value or unique input. It’s typically a rote repetition of facts, lines they’ve heard somewhere else, or a jumbled...
by Taz | Jun 9, 2021 | Cognitive Biases, Mental Models, Thinking Tools
The Bank Robber Who Believed in Lemon Juice Let me tell you about McArthur Wheeler, because his story is literally why we know about the Dunning-Kruger effect. In 1995, Wheeler and his friend robbed two Pittsburgh banks. In broad daylight. With guns. And they...
by Taz | May 4, 2021 | Technology
More people are increasingly becoming aware of blockchain because of the growing popularity of cryptocurrencies like Bitcoin, Etherium, and, more recently, Dogecoin. But how exactly do blockchain work, and what is to stop someone from tampering with them? More people...
by Taz | Apr 13, 2021 | Mental Models, Thinking Tools
Inversion is probably one of the most important mental models you can learn, not because of what it can help you do, but because of what it can help you avoid. Inversion looks at a problem backward, asking the opposite of what it is you’re trying to achieve. If you...
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