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Highlights from Seeking Wisdom by Peter Bevelin

Thanks to @sivers.

The best complicated explanation of Bitcoin’s value prop that I’ve read to date
Thursday May 23, 2019

Bitcoins are valuable because they are the irreplaceable, scarce incentive token that serve as the glue to a distributed, novel, triple-entry accounting scheme that disintermediates money + accounting + third party verification by combining them into a single, software-based product. Demand exists to use this software because it offers absolute assurance in accounting for value […]

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Vai trò của giám sát hành trình đối với xe hơi
Wednesday May 22, 2019

Sẽ bị phạt tiền nếu không lắp đặt thiết bị giám sát hành trình   Các dòng xe hơi dùng để kinh doanh vận tải, nếu không lắp đặt thiết bị giám sát hành trình sẽ bị phạt từ 3 đến 4 triệu, ngay cả những xe chở hàng nội bộ cho công ty cũng […]

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Reading books is like conversation with the finest minds of past centuries.

The advice we give others is the advice that we ourselves need.

The more we are exposed to a stimulus, the higher our threshold of fear becomes.

Guadeloupe 2018. Peugeot leading a market up 5.3%
Friday April 26, 2019

Guadeloupe vehicles market is a stable French colony with annual sales over 15k. In the 2018 the market immediately recovered from the previous year’s drop, registering 17.520 sales (+5.3%). Peugeot is on Top, a few units ahead of Renault while Dacia ends the market podium.The post Guadeloupe 2018. Peugeot leading a market up 5.3% appeared […]

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We never look at projections, but we look very deeply at track records.

Try to be consistently not stupid, instead of trying to be very intelligent.

Ask: How can I be wrong?  Who can tell me if I’m wrong?

Talk to a man about himself and he will listen for hours.

When all are accountable, no one is accountable.

Everything seems stupid when it fails. In hindsight, everything seems obvious. Look at earlier decisions in the context of their own time.

If you always tell people why, they’ll understand it better, they’ll consider it more important, and they’ll be more likely to comply.

It is not stress that harms us but distress.

Warren Buffett says: “It is not necessary to do extraordinary things to get extraordinary results.”

In many business activities a few things can produce much of the value.

Underestimating the influence of randomness in bad or good outcomes.

There is nothing more deceptive than an obvious fact.

Underestimating the effect of exponential growth.

There is no memory of the past.

The models that come from hard science and engineering are the most reliable.  The engineering idea of a backup system, of breakpoints, of critical mass.

A model should be easy to use. If it is complicated, we don’t use it.

Bad terminology is the enemy of good thinking.

“If you can’t explain it simply, you don’t understand it well enough.” – Einstein

Make fewer and better decisions. Why? Because it forces us to think more on each decision and thereby reduces our chance of mistakes.

A good business throws up one easy decision after another, whereas a bad one gives you horrible choices – decisions that are extremely hard to make.

A few major opportunities, clearly recognizable as such, will usually come to one who continuously searches and waits, with a curious mind.

It’s not that we have so little time but that we waste much of it.

Find the people you don’t like and figure out what you don’t like about them. Ask yourself if you have some of those qualities in you.

Thanks for reading! I’ve added some of these to my latest Personal Bible – feel free to check it out and create your own!

Hi! I write about habits and spirituality and random whatevers. Click here to see the daily habits that I track. Find me on Twitter @kgao.