March Notes

https://www.nejm.org/doi/full/10.1056/NEJMoa1701313#figures_media

“Sesquizygotic”~ the twins are semi-identical

Mental highlight reel. Prepare a ‘highlight’ reel of your success – family, education, athletics, coaching, work success. Include five items that made a difference in your life (13 second video)

Two Laws of Common Laws: 
1) Do all you have agreed to do, and
2) Do not encroach on other persons or their property.

The deliberate killing of a person who has not harmed anyone is murder – even in war.

The majority does not vote for what is right, they vote for what they want.

Politics has always been the systematic organization of hatreds.

The overwhelming portion of murder in history has come from the hands of government.

While certain public policies would in the long run benefit everybody, other policies would benefit one group only at the expense of all other groups. The group that would benefit by such policies, having such a direct interest in them, will argue for them plausibly and persistently. It will hire the best buyable minds to devote their whole time to presenting its case. And it will finally either convince the general public that its case is sound, or so befuddle it that clear thinking on the subject becomes next to impossible. . . the whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence.The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.

Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. Hazlitt was a Libertarian and makes no apologies for his preference that government interfere in an economy only when the public good is incontrovertible.

Incontrovertible ~ not able to be denied or disputed.

Real wealth, of course, consists in what is produced and consumed: the food we eat, the clothes we wear, the houses we live in.” ~ Henry Hazlitt

paradox of thrift ~ an economic theory that argues that personal savings can be detrimental to overall economic growth. It is based on a circular flow of the economy in which current spending drives future spending. It calls for a lowering of interest rates to boost spending levels during an economic recession.

Competition decreases your market share and shrinks your customer base, especially if demand for your products or services is limited from the start. A competitive market can also force you to lower your prices to stay competitive, decreasing your return on each item you produce and sell.

fallacy – LOGIC a failure in reasoning which renders an argument invalid. faulty reasoning; misleading or unsound argument. a mistaken belief, especially one based on unsound argument.

A fallacy is a kind of error in reasoning.

Lego is an abbreviation of two Danish words that together mean “play well.”

ephemerides ~ a table or data file giving the calculated positions of a celestial object at regular intervals throughout a period. a book or set of such tables or files.

Adversity + Support = Resilience

Decisions determine destiny. Learning is part habit and part choice.

Track what works.

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