Friday, March 25, 2011

Indoctrination

OR 10 ideas that I want to pass on to my children
This list started with 10 items. As I went through it, I kept coming up with more. The current count is 22, but I'm going to keep the posts to 10 items. Part II of this one will come sooner or later. Some of these are related to one another, some are related to items that haven't been posted yet, and vice versa. Note that these are written as if written to my kids. So without further ado, brain washing items 1-10...


1.  There are no solutions, only tradeoffs.

Any time you make a choice, you give up all of the things that are not that choice.  It’s the economic concept of an opportunity cost - taking any one opportunity always forgoes another.  When you inevitably encounter a problem in your life, understand that the problem is there precisely because there is a rational tradeoff to be made.  If the cost/benefit was so out of whack that the answer was obvious, the problem would never be there in the first place.  The house is dirty and needs to be cleaned.  The lawn needs mowing.  David needs some attention.  The bills need to be paid.  I need a nap.  Which one to do?  The car died, what kind should I buy?  Should I buy a new one at all?  Should a person buy a house?  What should the world’s primary energy fuel be?  None of them have a solution, only a tradeoff to be picked.  And understand that the tradeoff that you might choose to make is not the tradeoff that someone else might choose to make.  Different people have different priorities and different goals.  Your mom decided to not have a career and to stay home with you instead.  It wasn’t right or wrong, it was just a choice that she made based on what she wanted from life.  Never accept the idea that there is a single solution to something.  Any time you are presented with a “solution”, immediately start asking yourself what will be lost if that “solution” is adopted.  You may ultimately agree, but at least make sure that you have weighed the costs.

2.  Pick your spots.

I have hopes that you will live a long life.  The problem with living a long life is that you will have many opportunities to screw up.  And the longer you live, the more opportunities you will have.  I fully understand this.  I do not expect perfection (although you are genetically predisposed to it.)  All I ask is that you make an effort to contain your screw-ups to things that do not endanger your own health or your own future.  

3.  If you're not on the inside, you're on the outside (If you cant find the sucker at the table, it’s probably you.)

It took me 30 years to learn this one.  I used to think that everyone was greedy, but that stories of mass cheating were simply kooky conspiracy theories.  It’s since become apparent that I was wrong.  People are not out to create a world in which merit rises to the top and where being right is important.  In the end, he who has the gold will make the rules, and the #1 rule of those with money is “keep the money.”  If that requires cheating, lying, bribery, it doesn’t matter.  Don’t live life under the mistaken impression that anyone will willingly lose money, power, or influence to you simply because you are smarter, more right, or just generally better than them in any way.  Or even in every way.  I’m not saying you should cheat - in fact, I don’t think you should.  Unless you are on the inside, you won’t even be allowed to.  I just want you to understand that everyone else probably is.  And even if they’re not technically cheating, they’re still probably trying to screw you.

4.  Life isn't fair (see #3).

I wasn’t sure whether or not to include this in #3 as a corrolary, but I decided not to, as it’s more of a broad-scope idea.  I never want to hear the words, “that’s not fair” come out of your mouth.  I’d prefer if they didn’t even cross your mind.  Lots of things will happen in your life.  Sometimes you will be lucky, other times not.  But do not live life under the assumption that you are owed fairness or equity.  Whether or not you believe that fairness is your right, it will never be something that you will always get.  Your destiny is your own to create.  It will not come about because it came about for someone else.  

5.  Understand randomness (Shit Happens).

Not everything happens for a reason.  You don’t have to figure out why everything that happens, happens.  Even if you try, you will probably be wrong.  In the most likely case, you will convince yourself that you are right, regardless of whether or not you are.  Because the truth is that most of what goes on in the world around you is randomness - or at least, indistinguishable from randomness.  Maybe not random in the strict “has no underlying cause”, but definitely random in the sense of “could not possibly have been predicted or expected”.  Humans have an inexplicable need to explain everything.  If a friend dies in a car accident, we need to come up with a story about why the person at fault was driving crazy.  If there’s a warm day in the middle of winter, we want to have a reason as to how that happened.  It’s called narrative bias - coming up with a made-up story to explain something that happened after it has already happened.  It gives us a feeling that maybe we could have done something differently or at least could have seen it coming.  It’s closely tied in with hindsight bias - the propensity to see an event that you didn’t expect and to believe in hindsight that it was predictable.  Don’t be afraid to attribute things to randomness.  And understand that things will happen that you didn’t expect.  

6.  Understand Risk; Seek Positive Asymmetry.

Every time you decide to get out of bed in the morning, you undertake risk.  You could fall and break your arm; you could fall and break your neck.  When you drive down a 2-lane road, any one of the oncoming cars could cross the yellow lines and leave you in a head on collision at a 70mph speed differential.  Risk is a part of life.  As it turns out, it’s quite intertwined with #1 above - you engage in tradeoffs with risk every day, and you probably don’t even realize it.  Just like any other cost involved in a potential tradeoff, risk is something that you should be compensated for taking on.

The interesting thing about it is, despite what financial types will want you to believe, risk and reward very rarely match up.  Either you are being under-compensated for your the risk you are taking (say, the fun of drinking and then joyriding compared to the significant likelihood of killing yourself) or you are being wildly overcompensated for the risk that you are taking (getting out of bed in the morning compared to the extremely unlikely possibility of falling to your death).  The key is to seek out the latter and avoid the former.  Heads - I win; tails - I don’t lose much.  Those are the scenarios that you want in life.

7.  Use your brain (think before you act and speak).

Very rarely in life will you have to literally and simply react.  The vast majority of the time, you will have the opportunity to think before you act or speak.  Words and actions cannot be recalled.  You are smarter and more intellectually capable than at least 90% of the population - use your advantage.  If someone can make you speak or act without your using your most powerful tool, they have beaten you.  If you lose because someone just beat you, that’s fine.  But don’t beat yourself.

8.  Trust nobody; question everything.  

People lie.  And most of the time it’s not even on purpose.  People lie to themselves more frequently and more terribly than they do to other people.  Even worse and more prevalent than the outright lie is the tricks our memories play on us.  There is actual research showing that people’s memories of events will change over time based on their own personal biases toward the event in question.

Much of what passes for science these days is biased (or outright fraudulently represented) based on what results various funding organizations want to see.  A significant portion of research is simply badly done - ridiculously small sample sizes, peer review that amounts to an awful joke (after all, if you want funding, you have to agree with the scientist who says what the funding agent want to see), badly misinterpreted statistics, the list goes on.  And history, ugh.  Go read a few primary sources on something as basic as the American revolution, and see if it agrees with what you were taught in school.

The point is, there’s a decent chance that most of what you hear - unless it’s hard, laboratory repeatable science, has a decent chance of being utter bullshit.  Feel free to listen and read, regurgitate as necessary, but never discount that it might be completely incorrect.

9. Be a contrarian. (Don't do what everyone else does; winding up like everyone else sucks.)

Unless you want to be like everybody else, don’t do what everybody else does.  The definition of insanity is doing the same thing over and over again while expecting different results every time.  If you act like everybody else, you’re going to wind up like everybody else.  Look around.  You are already better than those people.  Why in the hell would you want to be more like them?  

One of the most productive things that you can do in life is to consistently fade the herd. When a crowd turns into a herd where there is no longer any opposition, it’s most likely that that crowd is doing something insane.  Remember, people are stupid.  Most crowds (and it becomes more true the more they all agree with each other) are the stupid leading the stupid.  Don’t participate in stupidity.

10. There are no selfless acts.

Human nature is self-seeking.  There's no escaping it.  Even people who appear to be selfless are doing so out of self interest.  At the very least, they are either acting out of some sense of guilt (avoidance of pain) or due to the fact that it makes them feel good.  Whatever the reason, the motive for EVERY action is selfish in some way or other.  It's not good or bad, it just is.  And that's sorta the point - selfishness IS NOT bad.  You should never feel bad about being selfish.  Guilt is only as powerful as you allow it to be.  When you refuse to agree that acting in your own interests is wrong, you can no longer be emotionally bullied or manipulated.  Come to terms with the truth about the motivation of all human behavior, and you will be MUCH happier.

to be continued...

Tuesday, March 22, 2011

A Metalist

Metalist, as in list of lists.  Not as in someone who does metals.

For my first introductory exercise, I thought it might be productive to come up with ideas for lists.  It will hopefully allow me to focus future energies on coming up with subject-specific thoughts rather than having to spend a few hours coming up with a subject for which I'd then have to come up with thoughts.  Not all of these are groundshaking or even all that interesting.  I may not even do all of them.  One is, itself, another metalist.  And I have no idea whether I can come up with anything for any of them.  I've named the lists in terms of "10 things", but not all will wind up with 10 items.  Some will be more, probably broken up into multiple posts if I get rolling too much.  The plan is to do 2-3 of these a week, at least initially.  Some of them are lists that will result from items in other lists (this will make more sense when I actually do it below).  So, without further ado, 13 lists that I plan to make...

1.  10 ideas/philosophies that I want to pass on to my children.

This one has kinda been brewing for several years.  I think I may even have a google doc in which I started it.  It was inspired by a sermon a few years ago about The Next Generation and how to make sure that what we believe doesn't die when we do.  I can see this one being more than 10, but I'll try to condense it down to essentials.  And if I can't, I'll do another iteration later on.

2.  10 lists of how to fix the world.


This could also be called, My plans upon being elected supreme dictator.  Obviously, this is the other metalist.  We all (I presume) have water-cooler discussions wherein we solve the world's problems.  These lists will coalesce all of my ideas on such.  Obviously very little of this will be strictly original material - it's somewhat tough to have opinions that aren't influenced by other people.  Hopefully I'll have something to add.

3.  10 ways to get rich with minimal effort or expense to myself.


This is something I ponder a lot.  I have criteria in mind, but I don't think I have 10 items yet.  This will be the first serious mental challenge, and will probably spur additional lists.

4.  10 things that I would do if I had access to all of Google's information and all of Google's computing resources.


I think I've seen this phrased as a google interview question, but I can't find it at the moment.  I've always thought it an interesting question, because it's a completely unique problem.  You basically have access to infinite information and infinite processing power.  What would you do with it?  I have one or two ideas, but I'm hoping that I come up with more.

5.  10 Android/iPhone/iPad apps that need to be written.


This is a spin off of #3.  I've been contemplating the question for several weeks, but I have no idea what needs writing.

6.  10 subjects for books to write. 


Another spin off of #3.  I can't imagine having to write a book, even a non-fiction one.  I feel like I'm kinda a jack of lots of trades and a master of none.  In order to write, it seems like you'd have to be either a master of a subject (non-fiction) or creative (fiction).  I am neither.  This will be interesting.

7.  10 things that could be done if internet bandwidth to the home went up by a factor of 10.


So, 100MBps service to your house instead of 10.  How would that change things?  Obviously the impact would be dramatic, but how?  I'm not sure I know yet.

8.  10 investment theses for the next 5 years.


Those of you who know me know that I am a money nerd.  This list could hardly go by without SOMETHING investment related.  I have lots of thoughts here, it will be a challenge to sift through the garbage and find something worthwhile.

9.  10 boys-only things to do with David when Christy is not around.


Obviously, we need daddy-son bonding time.  And right now, he can't walk or talk.  I need to come up with something to do with him.

10.  10 educational trips to take our children on as a part of their homeschooling.


As many of you know, we will be homeschooling our kids.  We will take the money we would have spend on private schools and take them around the world to actually learn about it.  Question is, where?

11.  10 new Apple/Google products.


Apple and Google are both black swan factories.  They aren't afraid to try new things and see what works.  But for apple at least, I don't see the next new thing for them.  Seems to me that their pipeline is dry.  If I was Steve Jobs, what would I have them working on next?

12.  10 things that Baton Rouge needs.


This city seems like it has lots of potential.  But we've always stagnated.  I'm not sure I know what the problem is, but I want to take a stab.

13.  10 things that the Texas Children's Hospital Cardiology department needs to do to go from #3 to #1.


Obviously, we've spent some time there.  I already have a list of complaints pulled together, but this is a slight deviation from that.  Rather than just complaining, I want to be constructive.  I may even email them this list when I'm done.


So thats it.  Hopefully these will get better.  This one was pretty lame.  Plus, Christy is nagging me to get to bed.  But it's just a warm up.

Monday, March 21, 2011

What the heck is this? Intro to the Thought Factory

Spam, basically.

This past weekend, I found a new great blog.  It may even take the top spot away from Karl Denninger.  It's another finance guy, this one named James Altucher.  But his blog is unusual.  Unlike most garbage out there, the stuff he posts is useful.  One of the more popular posts appears to be How to be THE LUCKIEST GUY ON THE PLANET in 4 easy steps.  One of the daily exercises that he suggests undertaking is a mental exercise - write down lists of ideas.  Preferably original ones.  Exercise one's idea muscle.  Then as I began reading more of his posts, I realized, this guy is posting his lists.  And most of it is surprisingly worth reading.  I figure, if he can come up with lists that I want to read about, maybe I can come up with lists that someone else wants to read about.  And if nothing else, Christy and I can have a common place to do our brain exercising.  So the Thought Factory was born.

I'm an INTP.  I don't remember which personality test that comes from nor do I remember what it stands for, but I do remember that the gist is that I'm great at big picture stuff, crappy at minutiae.  Which makes sense to me - I love coming up with an idea, but I hate actually having to execute it.  Basically anything more detailed than the idea itself is minutiae to my brain, so I hate it.  And I suck at it.  So the idea of coming up with lists of ideas that never actually have to be implemented (by me at least) appeals to me a lot.  Altucher claims that after 3 months of this, the ideas got really good and that he started to feel compelled to implement some of the better ones.  We'll see if that happens here, but I'm not holding my breath.

So yea, basically this blog is a place for Christy and I to let our brains write spam to ourselves.  I will say at the outset that I don't expect every list to be one of awesomeness, nor will they even be all original ideas or all even ideas at all.  I'm sure a lot of it will be easily debunkable for a myriad of reasons.  Retorts will be welcome in the comments section, although it will be a crap-shoot as to whether or not I actually read them.  Hopefully they won't just be bulleted lists - I'd like for this process to make me a better writer too.  So, some commentary will most likely go along with the lists, although I can't promise that said commentary won't offend everyone who reads it at one point or another.  Some will be just lists of things that have been rattling around in my brain that I'd like to get out so that I can have room for something else.  I'm sure Christy's will all be awesome though, I don't think she wants to publish the non-awesome ones.