We are all in the same boat, on the same turbulent sea. The boat has a huge leak in it and in the end, we go up and down together.
I don't think that I resonate with this. I personally do not think that we are in the same boat on way or another. Everyones life is so different and we all take such different paths. I think it is silly to say that, unless I am not understanding it to the extent I should be.
One percent of the population owns 48 percent of the total net financial wealth. The top 10 percent owns 86 percent of the wealth, while the top 20 percent owns 94 percent of the wealth.
This absolutely blew my mind. I mean when looking at America I could see it in general but when numbers and stats are put with the facts... WOW. Crazy.
I refer to the struggle for decency and dignity, the struggle for freedom and democracy.
Extremely powerful sentence. This means so much in so very little words. I think that takes some thought but also just such truth to have such an impact when you read it.
“You can’t improve intuition. Perhaps, with very long-term training, lots of talk, and exposure to behavioral economics, what you can do is cue reasoning, so you can engage System 2 to follow rules.
I love how he said you cannot improve intuition. I think that is so true. Intuition is something within yourself, your body and mind. Although as he did say with long term training, that takes so much mind work, and changing your intuition is almost changing yourself and your very own gut. Also well put as within him being so upfront and honest with in the heat of the argument rules go out of the window. TRUE!
We would all like to have a warning bell that rings loudly whenever we are about to make a serious error, but no such bell is available.”
I love this. I really would love a bell, absolutely. SO much of life is trying to make right and good decisions for yourself and your future. It can be so intense to have to think of things in the long run but so necessary.
I am already old—in my early 60s, if you must know—so Hershfield furnished me not only with an image of myself in my 80s (complete with age spots, an exorbitantly asymmetrical face, and wrinkles as deep as a Manhattan pothole) but also with an image of my daughter as she’ll look decades from now. What this did, he explained, was make me ask myself, How will I feel toward the end of my life if my offspring are not taken care of?
What an intense thing to think about. I know if i had children I would absolutely want to take care of them to my best possible ability. Something to think about for sure.
which is easy to recognize when the question is thrust away from the present. Asked whether they would take $150 a year from now or $180 in 13 months, people are overwhelmingly willing to wait an extra month for the extra $30.
I thought this was really interesting. Its interesting to think how and when in certain circumstances people act differently. Everyone is in their own spot and it is thought invoking to know my differences upon others.