Michel de Montaigne on Luck and Why You Shouldn’t Regret Your Decisions

What we know today as the Outcome Bias was clear to Michel de Montaigne five centuries ago – we are rarely in complete control over the outcomes of our decisions, and often we’re not to…

The Difference Between First- and Second-Level Thinking and Why It Matters

[…] It’s not supposed to be easy. Anyone who finds it easy is stupid. – Charlie Munger In his book The Most Important Thing, Howard Marks describes Second-level thinking in the following way: First-level thinking…