The following is an excerpt from the article ‘100 Little Ideas’ by Morgan Housel which is exactly what it sounds like: “a list of ideas, in no particular order and from different fields, to help explain how the world works:

Depressive Realism: Depressed people have a more accurate view of the world because they’re more realistic about how risky and fragile life is. The opposite of “blissfully unaware.”
Skill Compensation: People who are exceptionally good at one thing tend to be exceptionally poor at another.
Curse of Knowledge: The inability to communicate your ideas because you wrongly assume others have the necessary background to understand what you’re talking about.
Base Rates: The success rate of everyone who’s done what you’re about to try.
Base-Rate Neglect: Assuming the success rate of everyone who’s done what you’re about to try doesn’t apply to you, caused by overestimating the extent to which you do things differently than everyone else.
Compassion Fade: People have more compassion for small groups of victims than larger groups, because the smaller the group the easier it is to identify individual victims.
System Justification Theory: Inefficient systems will be defended and maintained if they serve the needs of people who benefit from them – individual incentives can sustain systemic stupidity.
Three Men Make a Tiger: People will believe anything if enough people tell them it’s true. It comes from a Chinese proverb that if one person tells you there’s a tiger roaming around your neighborhood, you can assume they’re lying. If two people tell you, you begin to wonder. If three say it’s true, you’re convinced there’s a tiger in your neighborhood and you panic.
Buridan’s Ass: A thirsty donkey is placed exactly midway between two pails of water. It dies because it can’t make a rational decision about which one to choose. A form of decision paralysis.
Pareto Principle: The majority of outcomes are driven by a minority of events.
Sturgeon’s Law: “90% of everything is crap.” The obvious inverse of the Pareto Principle, but hard to accept in practice.
Cumulative advantage: Social status snowballs in either direction because people like associating with successful people, so doors are opened for them, and avoid associating with unsuccessful people, for whom doors are closed.
Impostor Syndrome: Fear of being exposed as less talented than people think you are, often because talent is owed to cumulative advantage rather than actual effort or skill.

Read the full blog post here.

Learn more about Collaborative Fund here.

Follow Morgan Housel here.

Auxoro is an independent and mostly self-funded platform that relies on people like you to push the conversation forward. At the moment, we have no sponsors or outside investors. Everything from travel expenses to podcast equipment to web design is paid for purely out of pocket and by the people like you who support us. We love what we do and are happy to invest in ourselves, and a little help goes a long way as we continue to bring the biggest and best conversations to you. Thank you for your donation, however small, and for expressing support for our work and its continued survival.

SUPPORT AUXORO ON PATREON (Thank You)

SUPPORT AUXORO ON PAYPAL (Thank You)

SUPPORT AUXORO ON VENMO (Thank You): @Zachary-Ross-4

AUXORO NEWSLETTER - JOIN OVER 1,000 OTHERS & SUBSCRIBE

AUXORO MERCH - HOODIES & TEES NOW AVAILABLE