Rethink Ideas
The best story wins, but a decision is only as good as it's reasoning.
Good decisions flow
- OODA Loops
- Mathematics of Flow
- Mihaly Csikszentmihalyi
- Lose Yourself | Very Bad Wizards
- Hurts So Good | Very Bad Wizards
- Creating flow out of chaos
How should you invest your time and resources to best possible effect?
Decision Flow
Optimise systems to make it easier to take positive decisions in times of stress or when willpower is low.
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- Frame the right question
Frameworks
Use frameworks and mental models to apply different perspectives to the problem in hand.
The capability to change perspective by seeing the world through other people's eyes.
Knowledge is knowing how to build a nuclear bomb, wisdom is deciding if that is a good idea. They key to accumulating wealth is judgement. Reflect on what it means to be wealthy, then balance priorities to do the right thing, at the right time, for the right reasons.
Mantra
The most important days of your life are the day you are born and the day you find out why.
- Write to think better
- Success is understanding
- Write on true sentence per day
- 80 cents in the dollar is in the headline
- Big does not mean good
- Strong opinions, loosely held
- Don't be a sheep
Axiom, Adage, Dictum, Maxim, Precept, Proverb, Theorem, Apothegm, Device, Fundamental, Law, Moral, Postulate, Proposition, Truism.
Predictions
How is the world turning, where is it going and what are the implications? What time horizon will impact be felt?
- What does the path to success look like?
- What is the probability of success?
- What is the expected value of the outcome?
- What is the expected value of the action?
- How do you onboard people most effectively?
Explore
Experiments and Venture Capital
- Avoid hindsight bias instead review the workflow that lead to the decision.
- Need to consider conflicting information before taking a position.
- Weighting and updating information in decision-making and the role of past choices in determining future outcomes.
- Engineer success traps to avoid weak decision-making.
- Invest time in learning from mistakes and seeking feedback from MKOs.
Checklist
- Expand Awareness
- Problem Solving
- Align Intentions
- Filter Bullshit
- Evaluate Risk
- Confirm Commitment
- Automate Control
- Time and Timing
Commitment
- How should you place your bets?
- What do you need to do to prepare for that future?
- Who is stuck in the Innovator's Dilemma?
- What are the most important processes to get right?
- AI and Blockchain business strategy?
- What crypto protocols become will standards of exchanging value?
What decisions do you need to commit to now to prepare for the future?
Coordination
Hive minds close down threats and maximise opportunities through effective coordination.
Schema
Links
- Lessons from a Trillion Dollar Coach
- How not to make decisons with AI
- Munger Two Step
- A Leaders framework for Decision Making
- Oak Tree Capital | I beg to differ
- Innovating in Bets | A16z
- Good Judgement | Reading List
- decisions.com
- untools.co
- Ecstasis and Catharsis
- David Deutsch on Knowledge Creation
- The Ghost in the Machine