Important Rules of Thumb that Simplify Decisions Making
by admin - 17-08-2023
Here is the list of Most Useful Razors and Rules of Famous and Successful Personalities.
Bezos’ Razors: 
If unsure what action to take, let your 80-year-old self make it. 
If unsure who to work with, pick the person that has the best chances of breaking you out of a 3rd world prison.
Skinner’s Law:
Make the pain of not doing it greater than the pain of doing it.
Make the pleasure of doing it greater than the pleasure of not doing it.
Luck Razor: 
 
If stuck with 2 equal options, pick the one that feels like it will produce the most luck later down the line. 
Bragging Razor: 
 
If someone brags about their success or happiness, assume it’s half what they claim. 
If someone downplays their success or happiness, assume it’s double what they claim. 
Hofstadter’s Law: 
It always takes longer than you expect, even when you take into account Hofstadter’s Law. Every project costs 2x as much and takes 3x as long – even when you factor this into your projections.
Elon’s Law: 
 
If you have a project, combat Hofstader’s Law by setting a ridiculously ambitious deadline. 
Naval’s Razors: 
 
If you have 2 choices to make and it’s 50/50, take the path that’s more painful in the short term.
 If a task is worth less than your ambitious hourly rate – outsource it, automate it or delete it. 
Munger’s Law: 
 
Never allow yourself to have an opinion on a subject unless you can state the opposing argument better than the opposition can.
Hitchen’s Razor: 
 
What can be asserted without evidence can be dismissed without evidence.
Newton Flaming Laser Sword: 
 
If something can be settled by experiment or observation, then it is not worthy of debate. UFC 1 >>> Decade long debates on the best martial arts
Joe Rogan’s Razors: 
 
If unsure what action to take – ask what the hero in the movie would do. 
 If you’re intensely passionate about something and nobody around you is interested in it – assume the scale of the internet might help you find them.
Taleb’s Surgeon: 
 
If presented with two seemingly equal candidates for a role, pick the one with the least amount of charisma. 
Discomfort Razor: 
 
The more uncomfortable the activity, the more likely it will lead to growth. 
The more comfortable the activity, the more likely it will lead to stagnation. 
Checkhov’s Gun: 
 
When telling a story, if it’s non-essential – don’t include it. 
Occam’s Razor: 
 
Simple assumptions are more likely to be correct than complex assumptions. 
Walt Disney’s Rule: 
 
If struggling to think clearly about a subject, draw it out. 
Schwarzeneggers’ Rule:
 
Never need to monetize your artistic pursuits. You won’t have to sacrifice your inner joy and vision for a payday. 
This 120-page Free E-Book has several case studies and clearly illustrated thoughts inspired from the work of legendary investors like Howard Marks, Warren Buffett, Charlie Mungar, Seth Klarman and Benjamin Graham to gauge the mood “Mr Market” in order to manage risk and effectively profit the recurring cyclical nature of the Mr Market