Envy is inversely correlated with self-examination. The less you know yourself, the more you look to others to get an idea of your worth. But the more you delve into who you are, the less you seek from others, and the dissolution of envy begins.
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As debt increases it narrows the range of outcomes you can endure in life. Once you view it as narrowing what you can endure in a volatile world, you start to see it as a constraint on the asset that matters most: having options and flexibility.
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One of the most important skills of the future will be learning how to become indistractable. The root cause of human behavior is the desire to escape discomfort. The truth is, we overuse video games, social media, and our cell phones not just for the pleasure they provide, but also because they free us from psychological discomfort. Distraction, then, is an unhealthy escape from bad feelings.
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Some ideas and techniques to help improve happiness including embracing the seasons of your life and meeting people more than halfway.
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More evidence that allowing kids to do many activities and play many sports, makes them more likely to be really great a one of them (and enjoy it a lot more). Caitlin Clark is the most recent high-profile example.
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There’s a sweet spot in most areas of life. If you already live a comfortable life, then choosing to make more money but live a worse daily life is a bad trade.
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When Raymond Dolphin became assistant principal of a middle school in Connecticut two years ago, it was clear to him that the kids were not all right. The problem was cellphones. So in December, Dolphin did something unusual: He banned them. The experiment has already generated profound and unexpected positive results.
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A few short stories on seat belts, Dunkirk, Notorious BIG, shorting housing, and astronauts.
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We’re moving from a world where people have only experienced growing housing prices, to one where they are likely to shrink. Over the last 75 years, demand for urban housing was driven by:
- Higher population growth
- More urbanization
- More homes per person
- Bigger homes
But supply ground to a halt horizontally and vertically:
- Cities grew as much as they could horizontally and the edge of our car suburbs hit the Marchetti constant.
- NIMBYs restricted building up, limiting supply
Now, we’re entering a world where all these trends are slowing down or reversing:
- In demand:
- The population is shrinking or soon will
- Urbanization has reached its limits
- We have all the homes we need per person. That growth is stopping.6
- Homes keep getting bigger, but that trend is slowing every year
- In supply:
- Remote work eliminates the need to live close to work, which means the entire world becomes potential housing land supply
- Building restrictions can’t get any tighter, and will likely be relaxed