Original Post: https://coffeeandjunk.substack.com/p/life

All Posts: https://coffeeandjunk.substack.com/

Things are not always as they appear. Often when we solve one problem, we end up unintentionally creating another one that’s even worse. The best way to examine the long-term consequences of our decisions is to use Second-Order Thinking. Imagine that you are a restaurant owner. To boost flagging sales, you set an ambitious target for your team to create three new main course menus in the next six months. Inspired by this stretch goal, your chefs end up creating five new main course menus—a great result! Or is it?

----------

System 1 and System 2: https://coffeeandjunk.com/thinking-fast-slow

The Most Important Thing by Howard Marks: https://amzn.to/34DybUG

Principles: Life and Work by Ray Dalio: https://amzn.to/2UUknRj

Cars and Second Order Consequences: https://www.ben-evans.com/benedictevans/2017/3/20/cars-and-second-order-consequences

----------

Subscribe to my newsletter: https://coffeeandjunk.com/newsletter

Support my work: https://coffeeandjunk.com/pledge

Read my tweets: https://twitter.com/coffeeandjunk

See my Instagram: https://instagram.com/coffeeandjunk

Email me: [email protected]

There is a difference between the value you create and the value you capture. If you only create value you won’t be able to make a living. If you only capture value you’ll go out of business, or be called a phoney. For example, if you are very diligent at your work, but nobody recognises your contribution, or somebody else is taking all the credit, you aren’t capturing much of the value you create. Also, if you aren’t doing good work and focussing all your energy in signalling, people would soon recognise you as an imposter.

----------

Subscribe to my newsletter: https://coffeeandjunk.com/newsletter

Support my work: https://coffeeandjunk.com/pledge

Read my tweets: https://twitter.com/coffeeandjunk

See my Instagram: https://instagram.com/coffeeandjunk

Email me: mailto:[email protected]

I’m a big proponent of saying, “I don’t know,” whenever I’m forced to play outside my Circle of Competence. While this way of thinking definitely helps you grow, it does have some downsides. Downside not in your growth, rather, downside in how others perceive you.

----------

Subscribe to my newsletter: https://coffeeandjunk.com/newsletter

Support my work: https://coffeeandjunk.com/pledge

Read my tweets: https://twitter.com/coffeeandjunk

See my Instagram: https://instagram.com/coffeeandjunk

Email me: mailto:[email protected]

Hello there, My name is Abhishek, and this is The Coffee&Junk Podcast. A new podcast on psychology, strategy, and achieving antifragility.

Life is hard. School eduction doesn’t prepare us for it. It didn’t prepare me. Unlike school exams, life doesn’t care about a syllabus or a schedule. There are no rules. Life always finds a way to hit us in the head with a brick.

But I believe life can become easier if we have tools to get us through. This podcast all is about that. My goal is not only to give you access to these tools, but also discuss how we can use them efficiently.

I believe that with enough knowledge and strategy, we can, not only dodge the brick that life throws at us, but also find a way to live a successful and meaningful life.

----------

Subscribe to my newsletter: https://coffeeandjunk.com/newsletter

Support my work: https://coffeeandjunk.com/pledge

Read my tweets: https://twitter.com/coffeeandjunk

See my Instagram: https://instagram.com/coffeeandjunk

Email me: mailto:[email protected]