In the Prisoner’s Dilemma, the one who reveals their hand first suffers the most.
The ability to lie is becoming increasingly refined, and this is inevitably the direction of human evolution.
The more steps involved, the greater the uncertainty and thus the higher the risk
The more steps involved, the lower the probability of success—and one mistake and you're back to square one, since each intermediate step reduces your chances.
Professionalism is really about this: what can you do better than anyone else?
The Difficulty of Investing
Going from 1 to 5, how much do you need? You need five times.
But going from 5 back to 1, losing it all, only requir…
There Must Be Something More Important Than Hard Work That Determines Your Returns
Hard work is useful, but it's always second place. What comes first? What are you working hard on? And how are you doing it?
This world won’t reward those who truly worry about the greater good.
So you just let problems happen? Once they do, it requires a major overhaul. Doesn't a major overhaul cost money? Money…
No Eternal Friends, No Eternal Enemies, Only Eternal Interests
Newcomers in the workplace are always well-liked by leaders, and senior colleagues are always willing to offer some gui…
Why Is Engagement and Immersion Necessary?
It’s human nature to want the people we’ve helped to succeed.
The Mindset of Investing
The level at which you go long has nothing to do with your stop-loss; it’s tied to something else—your profit target.
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