FS | BRAIN FOOD
Welcome to Brain Food, a weekly newsletter full of timeless ideas and insight for life and business.
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We are What we Remember —
Memory is an intrinsic part of our life experience. It is critical for learning, and without memories we would have no sense of self. Understanding why some memories stick better than others, as well as accepting their fluidity, helps us reduce conflict and better appreciate just how much our memories impact our lives.
Opportunity Cost
Questions to help you see through the lens of opportunity cost:
1. And then what?
2. Compared to what?
3. At the expense of what?
Most people focus on what something costs today. These "direct costs" are easy to see and measure. Looking through an opportunity lens takes these direct costs into consideration but also considers indirect costs. Indirect costs can be foreseen but not measured. They include the cost of doing something, the cost of not doing something, the cost of what you could be doing, and, importantly, the cost of not doing something right.
Source: This idea is derived from the teachings of Charlie Munger, Warren Buffett, and Peter Kaufman.
Explore Your Curiosity
"I was friends with every single teammate I ever had in my [time] with the Spurs. That might sound far-fetched, but it's true. And those team meals were one of the biggest reasons why. To take the time to slow down and truly dine with someone in this day and age -- I'm talking a two- or three-hour dinner -- you naturally connect on a different level than just on the court or in the locker room. It seems like a pretty obvious way to build team chemistry, but the tricky part is getting everyone to buy in and actually want to go. You combine amazing restaurants with an interesting group of teammates from a bunch of different countries and the result is some of the best memories I have from my career."
— Inside the secret team dinners that have built the Spurs' dynasty
"When buying things, time and money trade-off against each other. If you're low on money, take more time to find deals. If you're low on time, stop looking for great deals and just buy things quickly online." (My take: Time is a better investment than money. )
— 100 Tips for a Better Life
A Quote to Think About
"If you want to do a good deed, do it now. The time will pass, and you will not have the chance again."
— Leo Tolstoy in A Calendar of Wisdom
Tiny Thought
Chess masters know that to win you have to avoid losing.
The first thing they do after an opponent makes a move isn't to think about strategy or winning but rather to ask themselves: what's the threat?
Avoid stupidity before seeking brilliance.
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Happy New Year,
Shane
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