Ayush Poddar's Wiki

      • Business
      • Financial philosophies and lessons
      • Investments and Personal Finance
      • Taxation
      • Documentation on some tools
      • Events, anecdotes and facts
      • Life Philosophies
      • Politics, governance and legals
      • Productivity
      • Climate change
      • High level designs - Software Systems
      • Industrial production
      • Software engineering

    Beware of the story that we tell ourselves

    Dec 16, 20241 min read

    • The more we want something to be true, the more likely we are to believe a story that overestimates the odds of it being true.
      • This is a big risk.
      • Sometimes, we want something to be true so badly that even the worst potential outcome in our head is far from reality.
        • This leads to us keeping a margin of safety that just does not account for reality

    Sources

    • (Done) The Psychology of Money - Highlights

    Related Notes

    • History cannot be used to predict the future
    • Keep a margin of safety when planning

    Graph View

    • Sources
    • Related Notes

    Backlinks

    • Financial philosophies and lessons
    • Life Philosophies

    Created with Quartz v4.4.0 © 2024

    • GitHub
    • Discord Community