If you understand psychology, you can control of any room you walk into.
To make psychology easier, use mental models.
Here are 9 mental models that will teach you more about the mind than a $100,000 psychology degree:
I heard something Ray Dalio said a few years ago that changed my worldview:
“If you compare two people with equal opportunities when it comes to money, it’s delayed gratification that separates them.”
Why this is so significant:
The Bragging Paradox
The more someone brags, the less accomplished they likely are..
Bragging is a mask for insecurity.
Confidence is quiet; insecurities are loud.
A good rule of thumb is to believe half of whatever someone says when they’re bragging.
Hanlon's Razor
Never attribute to malice what can be explained by stupidity.
Most mistakes and failures are due to incompetence, not ill intent.
Assume good faith first.
This razor allows you to keep the peace when life gets crazy.
@leecronin
using this razor in action:
Parkinson's Law
Work expands to fill the time available, and because of this, most people aren’t doing anything productive with their time.
Give yourself less time than you think you need.
Embrace the power of a deadline.
Here’s a great breakdown by
@AliAbdaal
:
The Sunk Cost Fallacy
Don’t waste time on something because you’ve already spent a long time on it.
What you've invested is irrelevant to whether you should continue investing.
Remove attachment to past decisions.
Hitchen's Razor
What can be asserted without evidence can be dismissed without evidence.
The burden of proof is on the one making the claim.
Hitchen's Razor cuts down unfounded arguments and superstition.
Demand data, not conjecture.
The Dunning-Kruger Effect
The less competent someone is, the more they overestimate their competence.
The novice who claims mastery is forever trapped.
True experts know the limits of their knowledge.
Stay humble.
The Arena Razor
This is something I learned at a young age.
Pay more attention to people who have skin in the game and face the consequences of failure.
Ignore the pundits and commentators.
@jordanbpeterson
talks about this in his self-help advice:
Grice's Razor
In conversation, say only what is true, relevant, and clear.
Avoid deception, irrelevance, ambiguity, and verbosity.
Quality communication is concise and honest.
Grice's Razor slices away the noise to reveal meaning.
Occam's Razor
When faced with competing hypotheses, choose the one with the fewest assumptions.
Do simple better instead of overcomplicating your life.
Occam's Razor cuts through complexity.
This explanation from
@sahilbloom
is perfect:
Second Order Thinking
Most people only consider the immediate effects of an action, not the subsequent effects.
Think two steps ahead. Every action has a consequence, and that consequence has a consequence.
Learn to zoom out and appreciate simplicity like
@Naval
The Dunning-Kruger Effect
The more you know, the more you know you can learn.
Ignorance breeds confidence and knowledge breeds humility.
Most people spend their whole lives thinking they’re geniuses.
@IAmMarkManson
on the downside of Dunning Kruger:
Gall's Law
All complex systems that work evolved from simpler systems that worked.
A complex system designed from scratch never works.
Start simple. Iterate. Evolve.
This is how we’ve built
@socialnetworkL2
from the ground up.
Occam's Razor Paradox
The simplest explanation is often the right one.
If something seems too complicated, it probably is simpler than you think.
Challenge yourself to distill, not to embellish.
I like how AI professor Marcus Hutter breaks this idea down below:
To become someone who makes money and succeeds in the modern world, you need to develop a mind that can study the past to predict the future.
If you look around, you’ll see these Razors everywhere in your life.
Use them to make the world more comprehensible.
The Map Is Not the Territory
Maps are useful, but they are always simplifications.
Our perception is not reality—it's just our interpretation of it.
Don't confuse models (even the models in this thread) with reality.
The map is a guide, not the way.
The Medici Effect
Diversity drives creativity.
Innovation comes from combining existing ideas.
This is why innovation hubs are cities, not in the middle of nowhere.
The father of the Medici Effect,
@Frans_Johansson
explains how logic and knowledge are not enough for growth:
The Zebra Effect
Most people want to be like Zebras – they want to blend in.
Because of this, there are great consequences (both good and bad for choosing to stand out).
However, it’s human nature to want to blend into society.
People want to be a part of their environment.
I wish Carl Sagan was still around to remind us how nationalistic egos are the greatest risk to the future of life on Earth, no matter which lines on the map you believe in.
#SaveEarth
#ThereAreReallyNoBorders
Gm
#NFTphotographers
let’s start this week off right with some good vibes for Earth!
Share your Art and I’ll collect a few 🌎 Here’s “Brand New Day” by
@nguevaraphoto
🐢
Never let a banker steal your money.
Use your salary to invest in inflation-proof assets so that those assets replace your salary.
Here is the untold truth about inflation:
The most effective Anti-Depressants aren't:
Prozac. Xanax. Marijuana.
It's something much more common, and anyone can get it instantly.
If you're depressed, try one of these 9 natural Anti-Depressants:
If you understand psychology, you can control of any room you walk into.
To make psychology easier, use mental models.
Here are 9 mental models that will teach you more about the mind than a $100,000 psychology degree:
This is Satoshi Nakamoto.
He’s the anonymous developer responsible for creating a $2+ Trillion digital asset class and providing an alternative solution to the financial crisis.
Here’s why it’s the solution to humanity’s next big crisis:
In 24h:
✅ 100k+ video engagements.
✅ 500+ testnet BTC staked.
✅ All systems stable.
✅ 0 presale VC or KOL allocations to get here.
The first test of Bitcoin Staking rewards payouts will happen today 🎉 Congratulations to all of the early Bitcoin Stakers on making history
Big Food companies spend BILLIONS a year to make you addicted to junk food.
8 shocking sentences about your nutrition they didn't teach you in school:
1. Low fat doesn't equal healthy.
GM to everyone on Earth 🌎 I'm feeling super bullish on
#NFTphotography
today 🐂
Drop your favorite wildlife
#NFTphotos
here, bonus points if it supports a social cause! 🦁👇🏽
Dalio relates delayed gratification to the Stanford Marshmallow Experiment.
Children who waited for a larger reward had better life outcomes, like higher SAT scores and educational attainment.
The study showed that delayed gratification is a key predictor of success.
When asked about building wealth for young people, Dalio emphasizes savings.
AKA “waiting for gratification”.
Once you realize deferred gratification will help you, you start valuing not spending your income.
This mindset shift is massive for building wealth.
EXCLUSIVE:
@SBF_FTX
tells Forbes that more crypto exchange failures are coming. “There are some third-tier exchanges that are already secretly insolvent,”: by
@Steven_Ehrlich
During the crisis of 2008, Bridgewater grew by 9.5%.
Dalio foresaw the housing crash and shorted the $, investing in Treasury bonds, gold, and commodities.
The industry lost over $500 billion, but Bridgewater thrived.
Why?
A diverse portfolio and an army of patience.
@micsolana
Manhattan Project (harnessed nuclear) - $23B.
Genome Project (mapped human genome) - $3B.
Apollo Program (went to the moon) - $28B.
Infrastructure Plan (fix old buildings and destroy blockchain innovation) - $1T.
Watching Boomers Lead America - Priceless.
Gm fam! ✨ ☕ In the middle of freezing Himalayas at 13,000 feet above sea level. Even though the temperature was reaching around minus 18 degrees, I spent the whole night under that magical sky.
By not spending money for instant gratification, you start asking where to save & invest it.
This leads to a different conversation with your finances, focusing on growth and long-term goals.
Dalio emphasizes the importance of this mental shift in your relationship with money.
Your brain is your most valuable asset.
Sadly, most people destroy their brain without even realizing it.
How to defeat the hidden enemy and take back control (backed by science):
@TheRealKeean
Are you sure about that? You don't think just maybe the record breaking heat worldwide could have contributed to the record breaking fires?
Dalio came from humble beginnings.
His intro to investing was caddying at a local golf course, where he'd carry bags for Wall Street pros.
This led to his first investment at age 12, which tripled in value.
After some beginner’s luck, Dalio was hooked on investing.
Dalio emphasizes deciding your best investment strategy and having a different conversation with yourself about money.
Go against your instincts.
Be thoughtful. Be disciplined.
By changing your mindset and approach to money, you open up new possibilities for wealth creation.
Most people struggle to make good decisions...
And wonder why they don't get what they deserve.
It doesn't have to be this way.
10 super effective mental models to never make a bad decision again:
Vitamin D
Low vitamin D levels are linked to depression.
Getting enough sunlight or taking supplements can boost your mood.
Aim for 10-30 minutes of sun exposure daily or 1000-2000 IU of vitamin D3 supplements.
Dalio later founded Bridgewater Associates from his two-bedroom apartment.
It's now the largest hedge fund in the world, with big clients like McDonald's, The World Bank, and Kodak.
Dalio's net worth stands at $19.1 billion.
Bitcoin is one of the most important technological innovations of the digital age.
But to understand its purpose (and full potential), you need to understand this first:
It's time to bring Bitcoin back to Earth. After years of R&D, i'm happy to announce this fundamental improvement in Bitcoin.
Faster Settlement⚡️
Scalable Data Storage 🌐
Lower Transaction Fees 🧡
Join the Testnet and get ready for the Fair Launch.
1/12
As I said yet, this idea came after an initiative of
@earthsukh
and
@LivingPixelated
a few days ago.
Their goal was to collect NFTs from ppl who would give a part of their profits to charities related to the NFT. For example if it was a forest shot, X% goes to plant trees.
By embracing delayed gratification you build wealth over time, even with an average salary.
The key is to start saving consistently, letting your money work for you in the long run.
Compound interest and wise investment choices can lead to life-changing financial growth.
Everyone thinks the next frontier for humanity is:
Going to Mars. Virtual Reality. Anti-aging.
They’re all wrong.
One thing stands head and shoulders above the rest.
Here it is (and why it’s the future):