3-Bullet Sunday, 14 March 2021

Hi All!

Here is your weekly dose of "3-Bullet Sunday." a list of what I'm pondering and exploring.

This week I also bring a new post: Dollar General Business Breakdown

Find out how Dollar General managed to evade the death over retail and generate over 20% CAGR for investors over the past decade!

I. 5 of the most useful razors and rules I've found. Rules of thumb that simplify decisions

Bezos' Razors:
• If unsure what action to take, let your 80-year-old self make it.
• If unsure who to work with, pick the person that has the best chances of breaking you out of a 3rd world prison.

Skinner's Law:
• If procrastinating on an item, you only have 2 options:
1. Make the pain of not doing it greater than the pain of doing it.
2. Make the pleasure of doing it greater than the pleasure of not doing it.

Occam's Razor:
• Simple assumptions are more likely to be correct than complex assumptions.

Avoid Occam's Duct Tape:
• Someone who approaches a problem with a ridiculously large number of assumptions.

Hofstadter’s Law:
• It always takes longer than you expect, even when you take into account Hofstadter’s Law.
Every project costs 2x as much and takes 3x as long - even when you factor this into your projections.

Luck Razor:
• If stuck with 2 equal options, pick the one that feels like it will produce the most luck later down the line.