A guide to happiness

Best practice: happiness!


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A Lesson on Elementary, Worldly Wisdom | Farnam Street

A Lesson on Elementary, Worldly Wisdom | Farnam Street:

Charles Munger, USC Business School, 1994

I’m going to play a minor trick on you today because the subject of my talk is the art of stock picking as a subdivision of the art of worldly wisdom. That enables me to start talking about worldly wisdom—a much broader topic that interests me because I think all too little of it is delivered by modern educational systems, at least in an effective way.

And therefore, the talk is sort of along the lines that some behaviorist psychologists call Grandma’s rule after the wisdom of Grandma when she said that you have to eat the carrots before you get the dessert.

The carrot part of this talk is about the general subject of worldly wisdom which is a pretty good way to start. After all, the theory of modern education is that you need a general education before you specialize. And I think to some extent, before you’re going to be a great stock picker, you need some general education.

So, emphasizing what I sometimes waggishly call remedial worldly wisdom, I’m going to start by waltzing you through a few basic notions.

'via Blog this'

Vickrey, William. 1996. 15 Fatal Fallacies of Financial Fundamentalism

Vickrey, William. 1996. 15 Fatal Fallacies of Financial Fundamentalism:

Much of the conventional economic wisdom prevailing in financial circles, largely subscribed to as a basis for governmental policy, and widely accepted by the media and the public, is based on incomplete analysis, contrafactual assumptions, and false analogy. For instance, encouragement to saving is advocated without attention to the fact that for most people encouraging saving is equivalent to discouraging consumption and reducing market demand, and a purchase by a consumer or a government is also income to vendors and suppliers, and government debt is also an asset. Equally fallacious are implications that what is possible or desirable for individuals one at a time will be equally possible or desirable for all who might wish to do so or for the economy as a whole.

'via Blog this'

Fix anything

Repair manuals for lots of stuff. It seems like most things are made to be replaced. Why waste stuff and add to landfill?

Right to Repair
iFixit is a global community of people helping each other repair things. Let's fix the world, one device at a time.

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It's not just about me...

Another from Farnham street, on
Building rapport

I'm not naturally empathetic and may be narcissistic ... As I grow older I'm trying to make sure I have healthy relationships...

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It's not always about me...

Getting better at conversations

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Money and banking

It's hard to believe, but
S&P understands money!

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Info sources

Lots of clutter but these have better signal-to-noise than most

Wired business recommendations

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I've probably linked to this before...

Cullen Roche critique of
Modern monetary theory

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Rise and limits of AI

Aeon magazine

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Some distilled 17th century wisdom

A review of Gracian

The Art of Worldly Wisdom: A Pocket Oracle

a book of three hundred aphorisms for making one’s way in the world and achieving distinction.

It provides advice not only for modern “image makers” and “spin doctors,” but also for the candid: for those who insist that substance, not image, is what really matters. “Do, but also seem,” is Gracián’s pithy advice

The book was imitated by La Rochefoucauld, cherished by Friedrich Nietzsche, and translated into German by Arthur Schopenhauer. Nietzsche observed that “Europe has never produced anything finer or more complicated in matters of moral subtlety.”

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Some thoughts from the guru of stats viz

Tufte

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R incantations

This is great! I love R and use it a lot but am always learning new tricks. Here is a nice recipe list for many simple, useful, common tasks.

R spells for data wizards

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A step forward in interfaces

Better brainwave sensors
Development will probably advance fast. I bet this technology leads to amazing capabilities

EEG control

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Do it yourself secure cloud storage

OwnCloud

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On forecasting

I think forecasting is very important. Of course, most of the past 20 years or so of my career have been spent actually making a living forecasting...
Good resources abound. Here is a free Forecasting textbook


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Follow your passion vs. get really good at something

Book review from Kevin Kelly

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Cool cloud service for writing

Includes versioning tools and a lot more that supports collaborative writing

Draft


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Privacy plus convenience

I don’t know what balance the US government hopes to strike, but what I do know is that privacy and convenience are technologically possible, and we need not relinquish security to attain it.

Jeremy Kun

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Exercise

High intensity training can get you in pretty good shape.
The following example workout needs no props except a chair.
The only thing you need is the self discipline to do it...

Seven minute intense workout

1. Jumping jacks Total body

2. Wall sit Lower body

3. Push-up Upper body

4. Abdominal crunch Core

5. Step-up onto chair Total body

6. Squat Lower body

7. Triceps dip on chair Upper body

8. Plank Core

9. High knees/running in place Total body

10. Lunge Lower body

11. Push-up and rotation Upper body

12. Side plank Core

Explaining and simplifying climate change

Climate change info flow chart


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Microsoft in 2001

Actually understood user interface design!

UI design

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Nolan bushnell's anti aging games

Anti aging games

$12.99 a month

Haven't yet checked out the free trial.


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A list of eight

Pretty decent financial blogs

The Big Picture

Rhoades scholarly financial planner

Pragmatic capitalism

Reformed broker

Above the market

Wpfau

For financial planners

Abnormal returns

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Macro ethics

I wonder if gaming based on heterogenous ethics / values helps at the macro level?

http://neweconomicperspectives.org/2013/03/without-an-effective-macroethics-our-civilization-is-doomed.html#more-5010

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More good personal finance

From Zvi Bodie

http://risklessandprosper.com/resource-library/getting-started/


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Some stoic texts

http://www.ibiblio.org/stoicism/reference/classical-texts/

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The School of Life - Good Ideas for Everyday Life

The School of Life - Good Ideas for Everyday Life

more from Alain de Botton.  Worth exploring

Awakening - Joshua Lang - The Atlantic

Awakening - Joshua Lang - The Atlantic

Anaesthesia, consciousness ...

Learning Charisma - Harvard Business Review

Learning Charisma - Harvard Business Review

Charisma is not all innate; it’s a learnable skill or, rather, a set of skills that have been practiced since antiquity. Our research with managers in the laboratory and in the field indicates that anyone trained in what we call “charismatic leadership tactics” (CLTs) can become more influential, trustworthy, and “leaderlike” in the eyes of others. In this article we’ll explain these tactics and how we help managers master them.