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Watch Richard Feynman while he speaks. No one transmits this better than him. And it's a weird feeling or sense. Cicero and Darwin wrote about it. Jefferson preached it. Ben Graham lived it and so does Buffett. "I get a kick out of thinking about these things. I can't stop" We tend to believe that joy comes from physical activity or the senses (music, art, food), but those are not the only sources. Theoretical physicists are obsessed with what they do because they have true fun while doing it. Same thing with any kind of theorists, including investors. Greenblatt does it because of the pleasure of figuring something out. So did Feynman. When asked about his Nobel Prize, he said he didn't do it for the prize. It's 'the pleasure of finding the thing out' that does it for him. In one of his last interviews, Munger spoke about how he and Buffett had 'actual fun' while doing what they did. And what they did was a lot of thinking, with occasional decisions. That's why many of these guys were top of their fields. They enjoy(ed) thinking and selected endeavors that rewarded that.

Watch Richard Feynman while he speaks. No one transmits this better than him. And it's a weird feeling or sense. Cicero and Darwin wrote about it. Jefferson preached it. Ben Graham lived it and so does Buffett. "I get a kick out of thinking about these things. I can't stop" We tend to believe that joy comes from physical activity or the senses (music, art, food), but those are not the only sources. Theoretical physicists are obsessed with what they do because they have true fun while doing it. Same thing with any kind of theorists, including investors. Greenblatt does it because of the pleasure of figuring something out. So did Feynman. When asked about his Nobel Prize, he said he didn't do it for the prize. It's 'the pleasure of finding the thing out' that does it for him. In one of his last interviews, Munger spoke about how he and Buffett had 'actual fun' while doing what they did. And what they did was a lot of thinking, with occasional decisions. That's why many of these guys were top of their fields. They enjoy(ed) thinking and selected endeavors that rewarded that.

87,277 просмотров • 8 месяцев назад

"The other day I was dealing with a problem and I said, this thing has 3 things I've learned to fear: an architect, a contractor and a hill." Some things are intrinsically difficult. And you can't just outsource your thinking. "We'd rather multiply by 3 than by π" It's easier that way. Whenever possible, Warren stays away from complexity. Why going for π if you can go for 3. “I don't look to jump over 7-foot bars. I look around for 1-foot bars that I can step over.” No extra reward comes from complexity. You might get some admiration from non-knowers, but that's about it. All things equal, the simplest explanation is the best one. Easiest to remember and recall. Easiest to practice. There's much more power in simple ideas than in complicated ones. They can scale and are repeatable. Mastery comes from doing the same simple thing over and over again. But don't force simplicity. It must be 'as simple as possible, but not simpler'. To test for this: 1. Use Feynman's question: Can you teach it to a 5-year old? 2. Use Darwin's guiding principle: Is it true?

"The other day I was dealing with a problem and I said, this thing has 3 things I've learned to fear: an architect, a contractor and a hill." Some things are intrinsically difficult. And you can't just outsource your thinking. "We'd rather multiply by 3 than by π" It's easier that way. Whenever possible, Warren stays away from complexity. Why going for π if you can go for 3. “I don't look to jump over 7-foot bars. I look around for 1-foot bars that I can step over.” No extra reward comes from complexity. You might get some admiration from non-knowers, but that's about it. All things equal, the simplest explanation is the best one. Easiest to remember and recall. Easiest to practice. There's much more power in simple ideas than in complicated ones. They can scale and are repeatable. Mastery comes from doing the same simple thing over and over again. But don't force simplicity. It must be 'as simple as possible, but not simpler'. To test for this: 1. Use Feynman's question: Can you teach it to a 5-year old? 2. Use Darwin's guiding principle: Is it true?

83,037 просмотров • 8 месяцев назад

While reading and thinking, there were moments when I felt I was having actual fun. But I doubted myself: "How could I be having fun doing this? Maybe I don't understand fun." It was not until I saw the joy Feynman transmitted that I understood this profound emotion.

While reading and thinking, there were moments when I felt I was having actual fun. But I doubted myself: "How could I be having fun doing this? Maybe I don't understand fun." It was not until I saw the joy Feynman transmitted that I understood this profound emotion.

152,784 просмотров • 1 год назад

Richard Feynman embodied deep curiosity. You don't understand what "first principles" really mean until you listen to a physicist reasoning. It's about going to the end of the world chasing a chain of 'whys'. "Where does fire come from?"

Richard Feynman embodied deep curiosity. You don't understand what "first principles" really mean until you listen to a physicist reasoning. It's about going to the end of the world chasing a chain of 'whys'. "Where does fire come from?"

117,264 просмотров • 1 год назад

Jeff Bezos on why everyone is wrong about AI: "AI is going to create a labor shortage. We have an endless set of things to invent. Today, we're limited not by our imagination, but by what we can actually do. Every single person in this audience has had an idea. For a new business, a new product, a new device they wish they could manufacture. And it just stayed in your head. It went nowhere. The reason it stayed in your head and went nowhere is because it's too hard to do it and it wasn't worth it. If we can accelerate the dream-build loop, all of the ideas will become possible. And we end up being limited not by our capabilities, but by our imagination."

Jeff Bezos on why everyone is wrong about AI: "AI is going to create a labor shortage. We have an endless set of things to invent. Today, we're limited not by our imagination, but by what we can actually do. Every single person in this audience has had an idea. For a new business, a new product, a new device they wish they could manufacture. And it just stayed in your head. It went nowhere. The reason it stayed in your head and went nowhere is because it's too hard to do it and it wasn't worth it. If we can accelerate the dream-build loop, all of the ideas will become possible. And we end up being limited not by our capabilities, but by our imagination."

16,286 просмотров • 1 месяц назад

The difference between the best and average is not 20%, it's 50x. Working with the best people is overwhelmingly better. Productivity and efficiency skyrocket, and the gap widens as compounding takes effect. Steve Jobs' mission at Apple was only to let A players in.

The difference between the best and average is not 20%, it's 50x. Working with the best people is overwhelmingly better. Productivity and efficiency skyrocket, and the gap widens as compounding takes effect. Steve Jobs' mission at Apple was only to let A players in.

68,244 просмотров • 1 год назад

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