111–120 of 245 posts
Lion to Wildebeest Community: Feeling Like Prey Is Counterproductive Reference: https://www.thebignewsletter.com/p/warren-buffett-americas-f...
We all have a (larger or smaller amount of) power left inside of us. Being a victim means giving up that power. Don’t. Fight!
Misfortune isn't always our fault. How we respond to it is.
Charlie Munger had great advice in general. And I've learned a lot of good from him. But I will never get over the hypocrisy of owning a quarter of Coca Cola and constantly criticizing Americans for being overweight (he used words like "sloth").
Why? For the most part, people are overweight by choice, not by some unavoidable draw of Coke. Not to mention that they have a ton of zero or low calorie coke options that people could choose.
Somewhat the height of survivorship bias. There are a many number of people that don't adopt a victim mentality, work hard, and try to get ahead and just don't. For every Charlie Munger there are tons of working poor that get up everyday, work hard for minimum wage, then go off to their second job. My entire childhood I watched both my parents, who both had 2 jobs, work themselves non-stop to try to provide for us. T…
Somewhat the height of survivorship bias. There are a many number of people that don't adopt a victim mentality, work hard, and try to get ahead and just don't. For every Charlie Munger there are tons of working poor that get up everyday, work hard for minimum wage, then go off to their second job. My entire childhood I watched both my parents, who both had 2 jobs, work themselves non-stop to try to provide for us. T…
What it actually preaches is don't look and emulate the successful people in your environment and society as this is all based on luck. Can't disagree more
I don't understand the last story about the banking and the mortgages. did she take the mortgages out of the son's bank or put them in or ... ?
Earlier quoted context omitted.
This is such an absurd criticism. People attending UC Santa Barbara live in literally the most desirable climate in the world. When they want natural light all they have to do is _go_out_side_.
This is a good point. Santa Barbara is one of the few places on earth that has sunlight during the day, therefore people there should not have windows
Somewhat the height of survivorship bias. There are a many number of people that don't adopt a victim mentality, work hard, and try to get ahead and just don't. For every Charlie Munger there are tons of working poor that get up everyday, work hard for minimum wage, then go off to their second job. My entire childhood I watched both my parents, who both had 2 jobs, work themselves non-stop to try to provide for us. T…
Yes, but so what. We're on HN, we're supposed to be well aware that 90% if not 99% of all ventures will fail miserably. (In fact, the main benefits of 'working hard' in startup culture are arguably ancillary ones, such as the chance of networking socially with successful folks. To some extent, success is beside the point.)
This is true. It is also true that dispensing this particular advice is self-serving for people in power. In a revolution, things get worse before they get better if they get better. Revolutions come at huge negative expected value. However, appeasing powerful forces can also have hugely negative expected value. Sometimes the calculus makes sense, and when it does, you should hope that people are appropriately discou…
I think it's more self-serving for those in power to encourage a culture of victimhood, where they set themselves up as the saviors. This is a standard political gambit: create or identify a group of victims, and declare that you will get "payback" for them and make their situation better. Of course you don't, but that's OK, you got their votes and you just recycle and amplify that play next time.