The Dangers of Survivorship Bias

The Dangers of Survivorship Bias

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Are Low Expectations The Key To Life?

The late investor Charlie Munger was known for his prolific wisdom.Perhaps his wisest insight of all came when he was asked to reflect on the source of his own happiness:“The first rule of a happy life is low expectations. If you have unrealistic expectations you’re going to be m ...  Show more

The Pygmalion Effect: How Expectations Create Outcomes

In an ancient poem written by the Roman poet Ovid, a sculptor named Pygmalion grows disillusioned with the women of his society.Rather than compromise on a relationship, he dedicates himself to his work.One day, he crafts a sculpture of a woman from ivory. His work is so vivid an ...  Show more

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