My highlighted passages from The Psychology of Money by @morganhousel. Thread below

1. The 401k - the backbone savings vehicle of American retirement - did not exist until 1978. The Roth Ira was not born until 1998. If it were a person it would be barely old enough to drink

How Reading Helped My Career

 In 2013, a joint venture Israeli/South African company was looking to make a foray into Nigeria. They wanted to set up an outlet in Lagos after conducting their feasibility studies and they needed a Nigerian financial institution to partner with.

Somehow, i was given their contacts and we agreed to meet with our teams from both sides at Victoria Island. 

I got my team together- about 8 of them- people in e-business, IT and other units that I know will have one thing or the other to do with this company.

I wanted to conclude in just one meeting. As the South African MD and his Israeli partner walked into my office where we were all seated and I stood up to exchange pleasantries with both of them, his eye went to the book on my table. 'Oh, you're reading Tipping Point?', he asked.

I was reading Tipping Point by Malcolm Gladwell that week and I had the book on my desk in the office. I usually have the books I'm reading either in my car or on my desk. I replied in the affirmative.

He asked for other books of Malcolm Gladwell that I've read and I mentioned Outliers-The Story of Success and What The Dog Saw. He asked for my best among the books and I mentioned Outliers. His best was Tipping Point.

A Conspiracy Thread: Did Chaos Magick Break Reality?

What the hell is going on? Coronavirus, societal collapse, monoliths, aliens, what more do I need to say? Did William S. Burroughs actually achieve his goal of breaking reality? Let me explain.

William S. Burroughs was a member of Peter J. Carroll’s magickal organization, The Illuminates of Thanateros. They practiced chaos magick, a system of magick that denies all fixed models of reality. Basically they are encouraged to believe in whatever reality they want.

Burroughs was also an author who often used the cut-up method to write his novels, a technique that involves cutting up newspapers and magazines, putting the clippings in a hat, and then randomly pulling them out to create sentences.

Burroughs believed the cut-up method was a form of chaos magick that destabilized language, which he claimed was the main control mechanism of reality. Burroughs’ goal was to utterly destroy and dismantle all control systems and he thought his cut-ups could help him achieve this.

Soon to be mother, Mrs. Gemma Edwards was never a believer of miracles until it was time for her to deliver...

Gemma and her husband Craig Edwards had already chosen a name for their unborn child, they named her "SKYE"and she was truly a miracle from the sky...

#OdogwuTales

She was already booked to deliver her baby Skye via Ceasarian Section because she had an extra bone in her pelvis making her birth canal questionable

It was 4days before her due date but she just felt the urge to go to the hospital and she went...she was rushed in for surgery...

Baby "Skye" was delivered and she just cried a little and stopped and that's when the doctors knew all was not well...

Baby Skye had rashes and bruises all over her body, she also had severe heart, blood and lung problems...

Her internal orgrans were practically shutting down!

Doctors told the Mr & Mrs Edwards that if she had spent another 3hours at home, Baby Skye would have died in her womb that her coming in early gives her a chance at survival...

Doctors worked hard to save Baby Skye but no one could figure out what was wrong, after a few hours...

All hope was lost for Baby Skye and the doctors called the hospital chaplain to say prayers, Craig and Gemma were told to take pictures before it was too late

Family members flocked to the hospital to say "Goodbye" to the little girl that had just arrived..BUT GOD WAS NOT DONE!

The reason to try a new approach to things is because you have demonstrated proof that existing approaches are not working.

let's unpack:

1. what counts as proof?

2. what counts as failure?

3. not working for whom?

4. not working towards what end?

what counts as proof? and what counts as failure?

in order to answer this one needs to understand a thing well enough to know what success looks like and to know what failure modes exist.

A thing can fail by succumbing to a known failure mode, or failing in a new way. New failure modes commonly emerge from new contexts. Or they may be due to new developments in an existing context.

proof of failure means you have observed (rather than concluded via hearsay or via abstract reasoning) failure in a known mode or new mode. in order to obtain this proof, a relatively close distance or even insider perspective is usually necessary.

failure modes are specific to the thing being examined but there are some very common patterns. here's a couple of the most common patterns: