5 things I want to instil my children;
1. Time preference.
2. Opportunity cost.
3. Incentives.
4. Compounding.
5. Second-order consequences.
I think these things help explain a huge amount of human behaviour and decision-making, from finance to relationships to growth.
1. Time preference.
2. Opportunity cost.
3. Incentives.
4. Compounding.
5. Second-order consequences.
I think these things help explain a huge amount of human behaviour and decision-making, from finance to relationships to growth.
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