June 4, 2019

📚 Book Notes: Thinking in Bets - Making Smarter Decisions When You Don't Have All the Facts

To be very honest, I found the book very repetitive (and therefore quite boring for me). I almost left the book just around the halfway-mark! I’d rate it the lowest among the ones I’ve read so far. It could have been a shorter read.

Here are my notes from Thinking in Bets - Making Smarter Decisions When You Don’t Have All the Facts:

1. When someone challenges us to bet on a belief, signaling their confidence that our belief is inaccurate in some way, ideally it triggers us to vet the belief, taking an inventory of the evidence that informed us.
2. It’s great to get approval from people we respect, but we crave approval so badly, we’ll still work to get it from a stranger.
3. Knowing how something turned out creates a conflict of interest that expresses itself as resulting. A bad result does not mean a bad decision.
4. Our problem is that we’re ticker watchers of our own lives. Happiness (however we individually define it) is not best measured by looking at the ticker, zooming in and magnifying moment-by-moment or day-by-day movements. We would be better off thinking about our happiness as a long-term stock holding.
5. Life, like poker, is one long game, and there are going to be a lot of losses, even after making the best possible bets.

If you liked the above content, I’d definitely recommend reading the whole book. 💯

Until We Meet Again…
🖖 swap