Thinking Better

Verifying Believability

Believability is a heuristic for practical advice. Here's one surprising way that it can fail.

The Best Way to Learn From Other People's Experiences

Why bother learning history, when history isn't likely to repeat itself? We take a look at what Cognitive Flexibility Theory tells us about the best way to learn from other people's experiences.

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Take a Simple Idea and Take It Seriously

There's a saying commonly attributed to Charlie Munger that goes 'Take a Simple Idea and Take It Seriously'. Work out all the implications. Seek out all the case studies. Here's a story of two investors who did exactly that.