The Best Predictor Of How Someone Will Act Tomorrow Is How They Acted Today‏

This rule will not work every time (people do occasionally change their patterns of behavior), but persistence is the best guess: a person will most likely act tomorrow as they did today.

– If they did not go to the gym today, they likely will not tomorrow.

– If they cheated on you yesterday, they likely will tomorrow.

– If they did not get out of a losing trade yesterday, they likely will not tomorrow.

We are very good at telling ourselves that tomorrow will be different, that we will change our behavior tomorrow.

The odds suggest that we will not change, and that we will continue our familiar patterns.

How David Beats Goliath‏

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…David’s victory over Goliath, in the Biblical account, is held to be an anomaly. It was not. Davids win all the time.

…When underdogs choose not to play by Goliath’s rules, they win, Arreguín-Toft concluded, “even when everything we think we know about power says they shouldn’t.”

The Goal Is Not To Get An A in “How to Read a Balance Sheet”‏

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It does not matter if you’re trading stocks or soybeans. Trading is trading, and the name of the game is to make money, not get an A in “How to Read a Balance Sheet.”

Proof Yourself Against Sensationalized Stats

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Aaron Levenstein said that statistics are like bikinis – what they reveal is suggestive but what they conceal is vital.

Regrets Of The Dying

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This has been around a few times in different forms. It is a little bit hippy, but worth a reminder every now and then. Things that people have said on their death bed: (more…)