Heuristics, mental models

• Opportunity mindset – look around for opportunity. The market optimizes arbitrage out. Everything looks hard on the surface. But put in effort. Adopt a mindset of seeing the cracks, the opportunities, the patterns, trusting your intuition. Everything is impermanent, always changing, dying, growing.
• Everything is effortful. Nothing exists abstractly. Efficient markets = participants exerting energy. Rules require people to enforce them. There are gaps.
• Focus on data and tinkering. Scientific mindset.
• Elon’s algo – make it work, make it simple, make it efficient.
• Jensen Huang – the goal is to keep playing. Take risks so you can keep competing and learning.
• “What makes a note good or bad isn’t the note but the one you play after it.” – Miles Davis
• Few people think. Most efficient thought = least energy expenditure = the midcurve take. Use this to market.
• Bezos – people pitch what is going to be completely different in 10 yrs, but what needs will still be the same? Equally valuable.
• Nintendo strategy – “don’t use cutting-edge tech for its own sake; look for what’s fun in any technology and focus on that.”
• Fuck around and find out. The more you fuck around, the more you’re gonna find out.