I love this principle from Charlie Munger from last year’s Berkshire Hathaway Shareholder Meeting. It’s simple, and powerful. So I thought it deserves it’s own blog post: “Figure out what works, and go do it.” Charlie Munger Do what feels good Another dimension of this principle is to listen to how you feel. Generally speaking,…
Tag: Heuristics
The Lindy Effect
I love simple heuristics. Here is one: The Lindy effect is a concept that the future life expectancy of some non-perishable things like a technology or an idea is proportional to their current age, so that every additional period of survival implies a longer remaining life expectancy. In other words, the longer a product/company/idea already…
Don’t overpromise
Two cautionary tales: Theranos was a privately held health tech company, becoming infamous for its false claims to have developed blood tests that only needed very small amounts of blood. I recently read Bad Blood by John Carreyrou, detailing this whole story. Pretty scary stuff. Robinhood recently announced a new Checking & Savings service with…