We can never fully grasp, define, or understand a system we are part of.
“Distance provides perspective” and wisdom in life is often about perspective.
11 BIG IDEAS OF PHYSICS
via @BlasMoros of @LTCWRK
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We can never fully grasp, define, or understand a system we are part of.
“Distance provides perspective” and wisdom in life is often about perspective.
The study of the large-scale behavior of systems exchanging work and heat with connected systems or their environment.
- The Transitive Law
- The Law of Conservation
- The “Contrast Advantage” Law
- The “Absolute Zero” Law
Describe how objects in the world move and react to forces.
- The Inertia Law: An object at rest, stays at rest
- Force = Mass * Acceleration (F = ma)
- The Law of Reciprocity: For every action there is an equal and opposite reaction
A complex system exhibits emergent behavior due to the collective interaction of many individual agents according to simple rules.
Complex systems are sensitive to original conditions, influenced by feedback loops, and buffeted by random outside variables.
Chaos leads to complicated, non-periodic behavior from iteration of a simple rule(s), whereas complexity leads to rich, collective behavior from simple interactions between large numbers of subunits.
Complexity lies in between order and chaos.
A process where higher-order behavior emerges from the interaction of lower-order components.
These smaller or simpler entities do not exhibit the properties that the higher-order entity ends up exhibiting.
The whole is greater than the sum of its parts.
The quantity of motion of a moving body, measured as a product of its mass and velocity: Momentum = Mass * Velocity
Momentum is broadly applicable outside of physics as it can help you understand how things change and how difficult or easy it is to change them.
Velocity has magnitude and direction whereas speed does not.
While nobody knows why nature favors velocity over mass, she does, and we should harness it.
There's a stark difference between potential energy and kinetic energy.
Friction is the force that causes the resistance felt when two objects are moving against one another.
Inertia is a prime example of friction.
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I’m torn on how to approach the idea of luck. I’m the first to admit that I am one of the luckiest people on the planet. To be born into a prosperous American family in 1960 with smart parents is to start life on third base. The odds against my very existence are astronomical.
I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.
In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.
So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.
Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.
Ironies of Luck https://t.co/5BPWGbAxFi
— Morgan Housel (@morganhousel) March 14, 2018
"Luck is the flip side of risk. They are mirrored cousins, driven by the same thing: You are one person in a 7 billion player game, and the accidental impact of other people\u2019s actions can be more consequential than your own."
I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.
In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.
So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.
Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.
“We don’t negotiate salaries” is a negotiation tactic.
Always. No, your company is not an exception.
A tactic I don’t appreciate at all because of how unfairly it penalizes low-leverage, junior employees, and those loyal enough not to question it, but that’s negotiation for you after all. Weaponized information asymmetry.
Listen to Aditya
And by the way, you should never be worried that an offer would be withdrawn if you politely negotiate.
I have seen this happen *extremely* rarely, mostly to women, and anyway is a giant red flag. It suggests you probably didn’t want to work there.
You wish there was no negotiating so it would all be more fair? I feel you, but it’s not happening.
Instead, negotiate hard, use your privilege, and then go and share numbers with your underrepresented and underpaid colleagues. […]
Always. No, your company is not an exception.
A tactic I don’t appreciate at all because of how unfairly it penalizes low-leverage, junior employees, and those loyal enough not to question it, but that’s negotiation for you after all. Weaponized information asymmetry.
Listen to Aditya
"we don't negotiate salaries" really means "we'd prefer to negotiate massive signing bonuses and equity grants, but we'll negotiate salary if you REALLY insist" https://t.co/80k7nWAMoK
— Aditya Mukerjee, the Otterrific \U0001f3f3\ufe0f\u200d\U0001f308 (@chimeracoder) December 4, 2018
And by the way, you should never be worried that an offer would be withdrawn if you politely negotiate.
I have seen this happen *extremely* rarely, mostly to women, and anyway is a giant red flag. It suggests you probably didn’t want to work there.
You wish there was no negotiating so it would all be more fair? I feel you, but it’s not happening.
Instead, negotiate hard, use your privilege, and then go and share numbers with your underrepresented and underpaid colleagues. […]
