I’ve read his book and provides insights that I have not yet viewed from others. The book is more of a framework on how to live life rather than any guide.
Be radically open minded. If two people have different views than only 1 person can be right. You cannot be right 100% of the time (impossible) so it is essental for you to find out whether you are wrong and understand from the other persons viewpoint.
Usuaully the average of the group of people provides the best result, 3 people thinking is better than one (usually). Learning from other people scales, because you will only have so much creativity and analysis and it will come only from the one system (yours).
Action – Never be dismissive of other people’s idea. Seek to understand their mental models, or the basis of their thoughts. This will also help you to fill the baseball cards on their characteristics.
Understand that people are wired differently. And you project your thoughts on how you think through this person. You can try to predict their actions – but better to be antifragile and react to their thinking. The author recommends baseball cards to determine a persons behaviour. This is just like creating a network tree with people’s traits. It will allow you to deal (‘beat’) them more effectively.
Action – start making baseball cards and network tree at my new work place and of the people in my life.
Ego, blind-spots and weaknesses – This person is perfect is irrational thought – how can a person be ‘perfect’. Therefore, this person must have their own demons and insecurities that are unknown to you. Letting your ego and blind-spots get in the way will cause you to miss the potential rocks or problems that are around you.
Action – take the Myer-Briggs test and then also ask my friends what i can improve in. This will provide the benefit of exposure. It is only your ego that gets in the way…
Think about the second and third order effects – We spend most of our time thinking about the immediate consequences of our actions. It’s hard not to, we do something and then there is a reaction to our movement. It is hardwired into our brains.
For example, we are hungry so we load up on that fantastic looking burger. The first order consequence is now we are full. However, what I didn’t tell you is that we are fat, majorly overweight. The second order consequence is that we are adding to our already obese proportions. The third order is now we are at more risk of heart attack. That burger is no longer so good.
We usually find that the first order and second order effects are on opposite ends of the spectrum. That is first order usually feels good in the short term, but long term it is not. And making decisions for the second order feels good in the longer term, but not the short. We could equate first order effects as our reflection of desire.
Action – Start looking at things through the lens of 1st, 2nd and 3rd order effects.
Think faster and look at items through levels. If we were to multiply 62 * 12, we could say this is approximately 60. We can be precise but it is at a cost of time. And if we were calculating by calories it is not worth the effort. But if we were looking at millions, then it is. By the pareto principle (80/20) we can see things that are majorly true but not totally.
This applies to discussions that we have. When we are discussing about a topic on one level (generally), there will always be a person that interrupts us with a minute exception violating this rule. Whilst this exception does exist, it could be so rare that it should not warrant a mention when we discussion.
Action – Make decisions quicker. Waiting to make decisions until 100% is unknown will result in you acting to slow. Remember the money is to be made in the frontier and the frontier is a risky place. Makes bets that will cause pain but now wipe you out.
5 Percent a day 