Farnam Street
Mastering the best of what other people have already figured out
We often talk about mental models in the context of business, investing, and careers. But mental models can also help with other areas, like parenting. Here are 5 principle-based models you can apply …
Bikeshedding is a metaphor to illustrate the strange tendency we have to spend excessive time on trivial matters, often glossing over important ones. Here’s why we do it, and how to stop. *** How can …
In order to do anything meaningful, you have to know where you are going. Strategy and tactics are two terms that get thrown around a lot, and are often used interchangeably in numerous contexts. But …
What techniques do people use in the most extreme situations to make decisions? What can we learn from them to help us make more rational and quick decisions? If these techniques work in the most …
The metagame is playing a different game than your competitors. A game they can’t play. The metagame is a strategy that involves understanding the structural or unconscious reasons that things …
Most great thinkers have speculated about the kind of leadership that might give rise to a better society, analyzing it through what’s sometimes called a “normative” lens: What …
The book Simple Rules by Donald Sull and Kathleen Eisenhardt has a very interesting chapter on strategy, which tries to answer the following question: How do you translate your broad objectives into a …
Lee Kuan Yew, the “Father of Modern Singapore”, who took a nation from “Third World to First” in his own lifetime, has a simple idea about using theory and philosophy. Here it …
On Monday October 28, 1929, the stock market took one of the worst single-day tumbles anyone alive might have seen, with the Dow Jones averages falling about 13%. The next day, October 29th, the …
The problem with most management, leadership, and business books is that many of them harp on the same self-evident points, overconfident in the usefulness of their prescriptions for would-be …
Strategy could be the most over-used word since leadership. How many strategies can one organization have? A lot of people say “strategy” when they really mean a goal or objective. This is …
We often focus on trying to be brilliant, yet many great people get far more mileage out of avoiding making stupid mistakes. Amateurs win the game when their opponent loses points, experts win the …
I thought this was interesting. Here is Sam Walton, in his own words, detailing the Wal-Mart Strategy from the earliest days. What was novel at the time is now a somewhat common way for businesses to …
“We like to equate leaders with values we admire, but the two can be separate and distinct.” *** Say what you want about General Stanley McChrystal and the Rolling Stone article that led …
Some interesting nuggets of wisdom from Pandolfini’s Ultimate Guide to Chess. Make no mistake, the insights we can draw from this book transcend the chess board. Are tactics the same thing as …
The Eisenhower Matrix is a powerful mental model that helps you work on the most important thing and get more done. Let’s explore how it works so you can put it to use today. Dwight Eisenhower …