The idiom "Dead Man's Shoe" typically refers to a situation where there's only one available opportunity, and it becomes accessible only when someone else vacates their position, often through retirement, resignation, or unfortunate circumstances.
In a corporate context, this could be illustrated by a senior executive waiting for a promotion to a higher position. They might be qualified for the role, but until the current occupant of that position leaves, either voluntarily or involuntarily, they can't advance.
So, they're essentially waiting for the "Dead Man's Shoe" to become available.
**One Video I Enjoyed**
UPSC IAS Examination is one of the toughest examination of the world. Here is an interview recording of one such exam.
The farther you travel down that path of accomplishment, whatever it may be, the more often you meet other successful people who make you feel insignificant. It doesn’t matter how well you’re doing; your ego and their accomplishments make you feel like nothing—just as others make them feel the same way. It’s a cycle that goes on ad infinitum . . . while our brief time on earth—or the small window of opportunity we have here—does not.
One of the symptoms of approaching nervous breakdown is the belief that one’s work is terribly important. —BERTRAND RUSSELL
“If an idiot were to tell you the same story every day for a year, you would end by believing it.”— Horace Mann
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The 37% rule, also called the optimal stopping theory, helps you make smart decisions when you have many choices.
It says you should check out about the first third of your options to understand what's out there.
37 percent rule
Then, after that, choose the first option that's better than any you've seen before.
For instance, if you're hiring from 10 candidates, look at the first 4 (which is about 37% of 10), and then pick the first person who's better than those 4.
This way, you increase your chances of picking the best option.
"Take a simple idea, and take it seriously."— Charlie Munger
"I see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help."— Charlie Munger
Awareness, not age, leads to wisdom.”— Publius Syrus
You might have come across the saying "Abhi to hum Zinda Hain." from the Bollywood movie Welcome.
This reminds us of the idiom "Alive and Kicking."
"Alive and kicking" is an idiom that means someone or something is not only alive but also active and healthy. It emphasizes their vigor and continued existence.
There's an interesting story regarding the origin of this phrase or idiom.
Once, a frog stumbled upon a pail of milk. Frantically, it kicked its legs to stay afloat in the milk. It wasn't able to get out of the pail. But the frog didn't lose hope. It continued kicking to stay afloat.
Because of this repeated kicking, the milk began to churn. Slowly but surely, the milk transformed, thickening into creamy butter. The frog's relentless kicking had unwittingly turned the milk into butter, providing it with a buoyant surface to stand upon.
With a triumphant leap, it propelled itself out of the pail, landing safely on solid ground.
"I think a life properly lived is just learn, learn, learn all the time."— Charlie Munger
"Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Systematically you get ahead, but not necessarily in fast spurts. Nevertheless, you build discipline by preparing for fast spurts. Slug it out one inch at a time, day by day. At the end of the day – if you live long enough – most people get what they deserve."— Charlie Munger
"It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent."— Charlie Munger
For those who don't know, itchy palms ✋ mean that money π΅ is coming your way.
Atleast we Indian believe in it. And guess what salary credited in my bank account π.
Their are many more such beliefs and superstitions are floating around the world which has no scientific or reliable base.
Photo by cottonbro studio from Pexels: https://www.pexels.com/photo/silhouette-of-2-person-standing-in-front-of-white-and-black-stripe-wall-6491960/
So, this experience leads to today's term "The Woozle Phenomenon or Effect".
The Woozle effect is the phenomenon where a false or exaggerated claim is repeatedly cited as evidence until it is widely accepted as true.
This can happen because people tend to trust information that they see repeated from multiple sources, even if the original sources are unreliable.
It has some serious consequences.
- It may be harmful for your or public health. For example, someone who believes that cow urine can cure cancer may delay seeking conventional medical treatment, which can lead to serious health problems.
- False or exaggerated claims can be used to divide people and sow distrust.
- It may erode the trust on science and institutions.
The Woozle effect is a serious problem that can have a significant impact on individuals and society as a whole. It is important to be aware of the Woozle effect and to be critical of the information that you see and hear.
Political language...is designed to make lies sound truthful and murder respectable, and to give an appearance of solidity to pure wind - George Orwell
Education is the ability to listen to almost anything without losing your temper or your self-confidence.”― Robert Frost
The way to get started is to quit talking and begin doing. -Walt Disney
The Tank Man (also known as the Unknown Protester or Unknown Rebel) is the nickname given to an unidentified individual, presumed to be a Chinese man, who stood in front of a column of Type 59 tanks leaving Tiananmen Square in Beijing on June 5, 1989, the day after the Chinese government had massacred hundreds of protesters.
Did you ever had a song that got stuck in your mind even after it is no longer being played or spoken about.You're not alone in this musical maze!
An earworm, also known as a stuck song syndrome, is a catchy or memorable piece of music or saying that continuously occupies a person's mind even after it is no longer being played or spoken about.
Here's the scoop: our brains are absolute fans of patterns. And guess what? Music often follows repetitive structures, creating the perfect playground for our brains.
When you catch a catchy tune,your brain's 'Default Network' springs into action. It's the same network that daydreams, and it has a knack for filling in gaps,
replaying that hook endlessly.Earworms are a harmless phenomenon, but they can be annoying and disruptive.
Ravisutanjani, the man who made waves on social media with a cardless cash withdrawal from India's inaugural UPI-ATM at the recent Global Fintech Fest in Mumbai. Studied Computer Engineering from IIIT Allahabad, attended PGP in business management and marketing at MDI Gurgaon and many more qualifications.
Even PM of Bharat Shri Narendra Modi shared his tweet.
But what we all don't know is that his degrees and qualifications are all FAKE. The online world stormed after a series of Twitter post by @SatarkAadmi disclosed his reality.
The "liar's dividend" is a term that describes the benefits that liars or those who spread false information can gain, particularly in the age of social media where news and information spread rapidly.
The term was coined by the American philosopher and cognitive scientist Donald Davidson.
The liar's dividend can be seen in many different contexts. For example, a politician who makes false promises may be able to win an election, even if they are eventually exposed as a liar. A businessperson who makes false claims about their products or services may be able to increase sales, even if they are eventually caught. And a student who cheats on an exam may be able to get a good grade, even if they are eventually caught.
Your daily destination for an exhilarating dose of mystery! Immerse yourself in a world of crime, suspense, and intrigue as they present you with a new murder mysteryπ every day.
However, the stock price started to decline π. After some time, I bought some more shares of the same company and tried to average down. I waited again, but the share price declined further. Being an optimist, I again bought some shares of that penny stock. And again, the price declined further.
Now, I stopped ✋ investing any further and also did not sold the shares. Hoping that some day it will give positive returns and I will be able to recover its value.
This tendency to continue investing in something that is not working out, simply because I have already invested a lot of time, money, or effort into it, is known as the Concorde Fallacy or Sunk Cost Fallacy.
Ultimately, the investment became a loss-making one.
This term came from the British and French governments' decision to continue funding the development of the Concorde supersonic passenger jet, even after it became clear that the project was not economically viable.
Here are some tips for avoiding the sunk cost fallacy:
π΅️ Set clear investment goals and objectives.
✍️ Regularly review your investments and make adjustments as needed.
π«‘Be willing to admit when you have made a mistake.
π±Don't be afraid to cut your losses.
The sunk cost fallacy is a common cognitive π€―bias that can lead to poor decision-making. By understanding this fallacy and being aware of its triggers, you can avoid making costly mistakes in your investments.
**One Video π₯ I Enjoyed**
Still remembers the old day when I used to avail the Platform No. 9 for catching the train to New Delhi from this station. And this documentary will give you the insights about this place.
India's Largest Railway π Complex: Howrah Junction .
I've always thought that a big laugh is a really loud noise from the soul saying, 'Ain't that the truth!'"— Quincy Jones
It's useful to focus on adding another zero to whatever you define as your success metric—money, status, impact on the world, or whatever.
[Lines i Liked⏩]
Almost all medical professionals have seen what we call "futile care" being performed on people. That's when doctors bring the cutting edge of technology to bear on a grievously ill person near the end of life. The patient will get cut open, perforated with tubes, hooked up to machines, and assaulted with drugs. All of this occurs in the Intensive Care Unit at a cost of tens of thousands of dollars a day. What it buys is misery we would not inflict on a terrorist. - [Source]
**Two Write Ups I Enjoyed and Liked**
Currently, most of our life is spent online on Web 2 and Web 3. Privacy, Freedom of Speech and Decentralization are the most important factors when deciding where sovereign individuals should spend majority of their time.
This post will help you to become a Sovereign Individual.