“A local optimum of an optimization problem is a solution that is optimal (either maximal or minimal) within a neighboring set of candidate solutions. This is in contrast to a global optimum, which is the optimal solution among all possible solutions, not
“Captures the reasoning for initiating a project or task. It is often presented in a well-structured written document, but may also sometimes come in the form of a short verbal argument or presentation.” (related: why this now?) Source: Gabriel Weinberg's Mental Models
Personal experience coded into your personal neural network, which means your intuition is dangerous outside the bounds of your personal experience. (related: thinking fast vs thinking slow — “a dichotomy between two modes of thought: ‘System 1’ is fast, instinctive and emotional;
Source: Ray Dalio's Book Principles
Source: Ray Dalio's Book Principles
Source: Ray Dalio's Book Principles
Source: Ray Dalio's Book Principles
Source: Ray Dalio's Book Principles
1. All of your “must-dos” must be above the bar before you do your “like-to-dos.” 2. Chances are you won’t have time to deal with the unimportant things, which is better than not having time to deal with the important things. 3.
1. Raising the probability of being right is valuable no matter what your probability of being right already is. 2. Knowing when not to bet is as important as knowing what bets are probably worth making. 3. The best choices are the