“To accept the challenge of the unknown, in spite of all fears, is courage. The fears are there, but if you go on accepting the challenge again and again, slowly slowly those fears disappear. The experience of the joy that the unknown brings, the great ecstasy that starts happening with the unknown, makes you strong enough, gives you a certain integrity, makes your intelligence sharp. For the first time you start feeling that life is not just a boredom but an adventure. Then slowly slowly fears disappear; then you are always seeking and searching for some adventure.” - Osho
Blas Moros explains why mental models are so useful in this article.
Mendeleev created a framework for organizing the elements – the periodic table. It allowed him to organize and correct some of the mislabeled properties of known elements. Other scienctists said he was crazy but he was able to predict the characteristics of not-yet-discovered elements because his framework worked.
We must study mental models to create our own "period table of elements." Doing so allows us to make predictions and improve our decision-making in life.
Finance author, Morgan Housel is interviewed by Tim Ferriss.
Brett Winton, director of research at ARK Invest, is interviewed by Kevin Paffrath.
They cover Tesla, self-driving vehicels, Palantir, ARK's investment framework, crypto, and NFTs.
A great macroeconomics as applied to finance lecture.