Psychology

You should to know the problem exactly.

There is a difference between (A) what an MBA does to help you prove your abilities to others . (B) what getting an MBA actually does to improve your abilities. They are two different things.

Make something people want . . . There’s nothing more valuable than an unmet need that is just becoming fixable. If you find something broken that you can fix for a lot of people, you’ve found a gold mine.

It’s not really about hard work. You can work in a restaurant eighty hours a week, and you’re not going to get rich. Getting rich is about knowing what to do, who to do it with, and when to do it. It is much more about understanding than purely hard work. Yes, hard work matters, and you can’t skimp on it. But it has to be directed in the right way.

Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy. Ignore people playing status games. They gain status by attacking people playing wealth creation games. You’re not going to get rich renting out your time. You must own equity—a piece of a business—to gain your financial freedom. You will get rich by giving society what it wants but does not yet know how to get. At scale. ...

This is the result of being educated with standard answers since childhood. Even when the professor taught the Prisoner’s Dilemma, with all the formulas and mathematics already available, they still hesitate to consider whether gun control can be relaxed.

You’ve already thought of a fallback plan before you even start. Usually, there is no room for experimentation; you only have two choices—to do it or not to do it. If you approach things with a tentative mindset, they are highly likely to end in failure.

The more significant a potential loss is, the stronger our aversion to that loss becomes. In other words, the more dangerous the situation, the more likely we are to quickly make irrational decisions.

Dig one pit and ask if you’ll jump; you say no. If two pits are dug, and asked which one to jump—the big one or the small one—you will most likely jump into the small one.

A-Q is a typical common man; his status is humble, and he lives in the rural society of the late Qing and early Republican periods. Through depicting A-Q’s image and experiences, Lu Xun expresses his criticism of the contemporary Chinese society and his concern for the fate of the common people. A-Q’s spirit, also known as the “A-Q Spirit,” is interpreted by some as a form of optimism and magnanimity. When A-Q suffers setbacks and oppression, he often uses self-consolation to maintain his self-esteem and confidence. He masks his failures and humiliation through self-deception and self-mockery, enabling him to find a psychological balance amidst adversity. ...