Michael Burry's investment strategy

15 books you should read every year:

Think Again by Adam Grant

Lessons:
• We are most confident when we lack competence (Dunning-Kruger effect)
• Admitting that you don’t know something is a superpower

Never Split the Difference by Chris Voss

Lessons:
• Build trust through mirroring and tone of voice
• Take things slowly

1984 by George Orwell

Lessons:
• We are shaped by our circumstances
• Our past is controlled by our present

Deep Work by Cal Newport

Lessons:
• Our attention span is 8-seconds
• Stop working at the same time each day and shut everything off

Invest in the future:

• Robotics
• Blockchain
• Clean Energy
• Electric Vehicle
• Meat Alternative
• Cancer Research
• Machine Learning
• Space Exploration
• Artificial Intelligence
• Internet of Things (IoT)

What else would you add?

How to spend 80% less time in the gym and get BETTER results for building muscle than you're getting now (SERIOUSLY)

Backed up by science.

Thread 👇

First mistake:

Doing too many exercises.

All you need is:

- A squat or similar movement
- A hip hinge
- Vertical push
- Vertical pull
- Horizontal push
- Horizontal pull

Add in some calf work and ab work.

You don't need multiple exercises for each muscle group.

Some people do 3 or 4 different exercises for each of the above, e.g. a flat bench press, a decline bench press, a pushup, an incline dumbbell press... this is a waste of time.

All of those are using the same muscles and fall into the "horizontal pull" category.

All you need to do is pick ONE for each category and lift to failure with good form.

Reaching failure (or close) creates the stimulus for adaptation.

Adding more work does not increase this stimulus, it just adds more muscle damage that you've got to recover from.

The other mistake is that people do too many sets.

You've all seen the bros in the gym on chest day...

HAMMERING the chest with 5 sets of flat bench press, 5 sets of incline, 3 sets of decline, 5 sets of flyes...

This is just cutting into recovery and making results worse.

21 lessons learned in 2021:

Engineered Serendipity

I believe that some of what we call "luck" is actually the macro result of 1,000s of micro actions.

Your daily habits can put you in a position where "luck" is more likely to strike.

Increase your serendipity surface area.

Engineer your own serendipity.

Pessimists Sound Smart, Optimists Get Rich

Pessimists look at the future and see the doors that are closed.

Optimists look at the future and see the doors that are open—and probably kick down the closed doors, too.

Surround yourself with optimists. The future is bright.

The Exponential Growth Challenge

Human brains cannot fathom the insane power of exponential growth. We consistently underestimate its impact.

When you're on an exponential growth curve—stop trying to set specific goals.

Strap in, keep your head back, and enjoy the ride.

Work Like a Lion

Most people are not wired to work 9-5.

Modern work culture is a remnant of the Industrial Age—long periods of steady, monotonous work.

If your goal is to do inspired, creative work, you have to work like a lion.

Sprint when inspired. Rest. Repeat.