Upgrading Your Thinking, Learning and Decision Making

I’m a bit obsessive about upgrading my Thinking, Learning & Decision Making skills/process. Optimising your mind really does have upsides in all parts of your life.

If you can THINK like Elon Musk for example, you won’t be as clever as him, but you’ll be able to uptick your own base level performance. A bit like putting a turbo-charger on a Ford Focus. It will improve performance, but you still won’t be as fast as a Ferrari. But every little helps!

When you’re making decisions about investments and life-choices, one should get a basic understanding of statistics and probabilities. Basically, the biggest factor for me is the Risk to Reward Ratio. It’s wise to maintain a minimum RRR of 1:3. That way you can be wrong 70% of the time and still be in a net positive outcome over time. Also in parallel, whenever slapped in the face with a 1:10 or 1:20+ opportunity you just have to take it! Because even with a 5% hit rate, over time, you’ll be net positive.

Ultimately, when it comes to a decision/opportunity, my general decision-tree/filter is:

1.) Am I or is someone going to die? No.

2.) Am I or is someone going to get hurt? No.

3.) Am I or is someone breaking the law? No.

OK then, JFDI already! GO! πŸ™‚

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β€œIt is important to view knowledge as sort of a semantic tree β€” make sure you understand the fundamental principles, like the trunk and big branches, before you get into the leaves/details or there is nothing for them to hang on to.”

-Elon (probably)

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