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10 Powerful Lessons From the Book “The Art of the Good Life”

| Book Review Thread

 1. Peak-end Rule:

You remember the high point and the end point of your holiday, but the rest is forgotten.

Remind to make them as sweet as possible.
2. Plans are nothing. Planning is everything.

A good life is not a stable state or condition.

The good life is only achieved through constant readjustment.
3. Inflexibility as a Stratagem

When it comes to important issues, flexibility isn’t an advantage – it’s a trap.

Use radical inflexibility to reach long-term goals that would be unrealizable if their behavior were more flexible.
4. Reality Doesn’t Care About Your Feelings

Accepting reality is easy when you like what you see, but you’ve got to accept it even when you don’t – especially when you don’t.
5. Counter-productivity

A basic rule of the good life is as follows: if it doesn’t genuinely contribute something, you can do without it.

Next time, try switching on your brain instead of reaching for the nearest gadget.
6. Do Nothing Wrong and the Right Thing Will Happen

So do your best to systematically eliminate the downside in your life – then you’ll have a real chance of achieving a good life.

There are old pilots and there are bold pilots, but there are no bold old pilots.
7. Why You Didn’t Earn Your Successes

Your successes are fundamentally based on things over which you have no control whatsoever.

Stay humble. Remind yourself daily that everything you are, everything you have and can do, is the result of blind chance.
8. Don’t make your emotions your compass.

Because our emotions are so unreliable, a good rule of thumb is to take them less seriously – especially the negative ones.
9. THE Authenticity Trap

Restrict authenticity to keeping your promises and acting according to your principles.

The rest is nobody else’s business.
10. THE 5 Second No

Once Seneca said: “All those who summon you to themselves, turn you away from your own self.”

So give the five-second no a trial run. If you cannot say ‘Yes’ to something in five seconds, the answer is ‘No’.
Thanks for reading. If you find this thread valuable follow me ( @ajdduggan ) for more content like this.

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2. "Receive without conceit, release without struggle."

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3. "To love only what happens, what was destined. No greater harmony."

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1. “A room without books is like a body without a soul.”

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2. "Never was a government that was not composed of liars, malefactors, and thieves."

- Marcus Tullius Cicero

3. "More is lost by indecision than wrong decision.

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| Thread 🧵


1. We are what our thoughts have made us; so take care about what you think. Words are secondary. Thoughts live; they travel far.

- Swami Vivekananda

2. Take up one idea. Make that one idea your life - think of it, dream of it, live on that idea.

Let the brain, muscles, nerves, every part of your body, be full of that idea, and just leave every other idea alone.

This is the way to success.

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3. You have to grow from the inside out. None can teach you, none can make you spiritual. There is no other teacher but your own soul.

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Naval risked his reputation and fortune to bring life lessons to us all. And he's impacted the life of millions around the world.

Enjoy this thread 🙏

| Thread 🧵


1. “I, and I alone, am responsible for everything I think and feel."

@naval

2. “Pain is a fact.

Suffering is a choice."

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3. “No one can compete with you on being you.

Most of life is a search for who and what needs you the most."

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4. “The more seriously you take yourself, the unhappier you’re going to be."

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1. "The function of prayer is not to influence God, but rather to change the nature of the one who prays."

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//Thread//


1. More Is Not Better✅

Happiness is not about experiencing more of something.

It's about experiencing what you love in new and interesting ways.

2. Embrace Fear✅

You assume happiness is good, and fear is bad.

Fear is an indicator that you're doing something worthwhile.

Change your story around fear. Bad feelings are not always bad.

3. Seek New Experiences✅

It's difficult to change your beliefs through thought alone.

Seek new and novel experiences that make new beliefs real to you.

4. Problems Are Pathways✅

You view problems as roadblocks to your success. Truth is, they're pathways.

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#ThePsychologyOfMoney by @morganhousel

It beautifully encapsulates , via chapters , the most under rated factor in investing - The Psychological aspect of it .

Do read the book :)
#BookRecommendations
#booklovers


2/31
CHAPTER 1

What we experience early on (in our adult life) is more compelling than what we learn second hand, which is why each person thinks about #Risk & #Reward DIFFERENTLY.

In theory we SHOULD make our investments based on OUR goals & options available.


3/31

However we tend to include our unique experiences of how the world works (albeit with incomplete information) which might seem crazy to others .

* Spreadsheets cannot replicate human emotions which is why no amount of studying can make one truly UNDERSTAND the underlying.

4/31
CHAPTER 2

#LUCK & #RISK both play a role for EVERY outcome along with individual effort. At times making a greater impact than the consequential actions taken .
This we ought to remember when judging others' financial success.

Not ALL SUCCESS is due to hard work.


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Likewise, NOT ALL POVERTY is due to laziness.

To learn from successful people, we must focus on BROAD PATTERNS & not on specific individuals ( for we often tend to just study extreme cases at both ends of the spectrum. )

It's never AS GOOD or AS BAD as it seems !!
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10 Life-changing Lessons From the Book “The Art of the Good Life”

⚡️Book Review⚡️

- By Million-selling author of The Art Of Thinking Clearly


1. Peak-end Rule:

You remember the high point and the end point of your holiday, but the rest is forgotten.

👉Remind to make them as sweet as possible.

2. Plans are nothing. Planning is everything.

A good life is not a stable state or condition.

👉The good life is only achieved through constant readjustment.

3. Inflexibility as a Stratagem

When it comes to important issues, flexibility isn’t an advantage – it’s a trap.

👉Use radical inflexibility to reach long-term goals that would be unrealizable if their behavior were more flexible.

4. Reality Doesn’t Care About Your Feelings

👉Accepting reality is easy when you like what you see, but you’ve got to accept it even when you don’t – especially when you don’t.
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1. Never underestimate the hard work and lower probability of success, just because we are shown more successful people than many more actual failures.

It does not mean, in any way, that you should not dream big. It just says that dont get overawed by the number of success stories you read and assume that success would be easy. No one prints the failure stories.

2. Confirmation bias is the mother of all misconceptions.

It is a tendency to interpret new information so that it becomes compatible with our existing theories.

Warren Buffet has seen people losing money with this because they ignore facts which contradict the theory in the mind of the investor.

Dis-confirming evidence must be seeked out to beat this theory.
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1. "Talk is cheap."

Stop talking about doing things and actually DO THEM.

This world desperately needs courageous individuals, who will take action on their dreams.

Be that person.

2. "Experience vs. Theory."

"We are much better at doing than understanding."

Experience is your best teacher.

We as humans are meant to be DOING THINGS.

Not just theorizing about stuff all day.

3. "Yes or No?"

Every decision can be simplified down to either being for or against something.

No matter the sophistication of the situation, try to boil it down to a simple "YES" or "NO"

4. "Dominance of the Minority."

Most people are passive and don't care enough to debate topics.

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All it takes is a small minority who are really stubborn to move the needle.
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