In an effort to help me keep up with everything I post each week, here is my latest “Sunday Summary” of my posts from the week.
Mon, October 7: Outcome bias
Using an outcome to justify whether a decision is good or bad is something behavioral scientists call “outcome bias”, and it’s a bad way to shape future decisions.
Tue, October 8: Stewardship, not ownership
“Stewards take care of things for other people; owners look out for their own interests. When we look at companies through this lens, we see that some owners act more like stewards because they use their resources for the benefit of their employees and customers.”
Wed, October 9: Chesterton’s Fence
“Do not remove a fence until you know why it was put up in the first place.”
Thu, October 10: What do you do with those pictures of slides?
Taking a photo of a slide is a good first step, but it doesn’t help much if it never leaves your phone.
Fri, October 11: A free market means the customer is always right
“In a free market the customer is always right. If customers don’t want it, it means that the car is no good. It doesn’t matter if all the university professors and all the priests and mullahs cry out from every lectern and pulpit that this is a wonderful car – if the customers reject it, it’s a bad car.”
Sat, October 12: Self-education beats formal education
“Formal education will make you a living; self-education will make you a fortune.”
I hope you found some value in this. If you ever have questions, ideas, or disagreements regarding anything I write, please don’t hesitate to reach out.
