I just finished reading Think Again by Adam Grant. It’s a book about rethinking, both at individual and group levels. Here I’d like to discuss one part of the book. It’s about the importance of experimentation. Here is an excerpt:
Do you want to be excited about your day? Do you want to go through your day with enthusiasm? While I still have a lot to improve, I can attest that I’m often excited about my day. As a result, I go through it with enthusiasm and end the day feeling fulfilled. How could that happen?
I’m currently reading A Man for All Markets, a memoir by Edward O. Thorp. It chronicles his story as a mathematics professor who tried to beat the casinos in gambling games. Later, he did something similar in the financial markets. He eventually became the pioneer of quantitative finance. I enjoyed the book and learned a lot from it. Among others, the book taught me about calculating the odds before making a bet and balancing risks and returns.
You only get a few opportunities, and you have to grab them aggressively when they come because even in the most favored life, they’re really rare. – Charlie Munger How do you reach your full potential? A big part of that, I believe, is making the most of your opportunities. The more you can capitalize on the opportunities that come your way, the better off you will be. But if you don’t make the most of them or – worse – miss them altogether, you wouldn’t do well. So how do you make the most of the opportunities?
As we are ending 2020 and approaching 2021, a question came to my mind: how can we thrive in 2021? 2020, needless to say, has been a challenging year. The word “unprecedented” seems to be used again and again. But 2021 is coming. How can we make the most of it?