My latest summary is for Why Are the Prices So D*mn High? Health, Education and the Baumol Effect, which seeks to explain why it seems like prices in education and healthcare keep rising. Note that the book was published at the start of 2019 and is about the long-run trend of increasing prices in healthcare and education since 1950. It is not about the surge in inflation post-Covid. As usual, the key takeaways are below, and you can find the full summary by clicking the link above (estimated...
27 days ago • 1 min read
It's hard to believe we're almost at December again. This month, I posted 2 book summaries as usual and 1 blog post: Book summaries Inadequate Equilibria by Eliezer Yudkowsky (24 mins) — a free book that seeks to answer the question, “When should you think that you may be able to do something unusually well?” The Psychology of Money by Morgan Housel (25 mins) — a very popular, short book that explains why success with money has more to do with behaviour than knowledge. Blog posts We all play...
about 1 month ago • 1 min read
I've just posted a new summary for The Psychology of Money: Timeless lessons on wealth, greed, and happiness by Morgan Housel. As usual, the key takeaways are below, and you can find the full summary by clicking the link above (estimated time 25 mins). KEY TAKEAWAYS How to be successful with money: It’s more about psychology and behaviour than being smart. Aim to be reasonable, not rational — what matters is what helps you sleep at night, not what is optimal in theory. The key steps involve:...
about 1 month ago • 1 min read
My latest summary is for Inadequate Equilibria: Where and How Civilizations Get Stuck, in which Eliezer Yudkowsky pushes back against what he calls "modest epistemology". As usual, the key takeaways are below, and you can find the full summary by clicking the link above. KEY TAKEAWAYS Two competing views on when you should think you may be able to do something unusually well: Inadequacy. We should understand how different systems work and the incentives within them to determine whether we’ll...
about 2 months ago • 1 min read
I'm happy to say I cleaned up both the All Summaries and Blog Posts archives this month so you can now sort by things like author, title, date, rating and topic. I've kept the old pages for now in case of teething issues—please let me know if you see any! During October, I posted 2 book summaries and 3 blog posts: Book summaries The Scout Mindset by Julia Galef (32 mins) — an accessible book about how we should strive to think more like scouts trying to work out the truth, rather than...
2 months ago • 1 min read
My latest summary is for Principles: Life and Work by Ray Dalio, founder of Bridgewater Associates, one of the largest hedge funds in the world. In Principles, Dalio reflects on his life and career and sets out the principles he claims helped him succeed. As usual, the key takeaways are below, and you can find the full summary by clicking the link above. KEY TAKEAWAYS Why Principles? Principles allow you to systemise your decision-making and operate consistently. When you can explain your...
2 months ago • 1 min read
In The Scout Mindset: Why Some People See Things Clearly and Others Don’t, Julia Galef argues that we don’t need to deceive ourselves in order to feel good, motivated, or persuade others. The book also offers practical tips to see the world more accurately. As usual, the key takeaways are below, and you can find the full summary by clicking the link above. KEY TAKEAWAYS We’re in soldier mindset when we try to defend the views we already hold or wish are true. We’re in scout mindset when we...
3 months ago • 1 min read
September had 1 book summary and 3 blog posts. I've also started putting reading time estimates on my posts. Book summaries The Case Against Education: Why the Education System is a Waste of Time and Money by Bryan Caplan (29 mins) - it is what it says it is. I found some of Caplan's arguments persuasive but, as you'll see below, I also took issue with many of his claims. Blog posts Thought Experiment: Would You Give Up the Ability to Enjoy Food? (4 mins) Criticisms of “The Case Against...
3 months ago • 1 min read
I didn’t plan this, but my latest summary for The Case Against Education: Why the Education System Is a Waste of Time and Money by Bryan Caplan comes right as the school year begins for those in the Northern Hemisphere. As usual, the key takeaways are below, and you can find the full summary by clicking the link above. A word of warning: although Caplan makes some great points, I've also found multiple flaws with his arguments, particularly when he tries to calculate the social return and...
4 months ago • 1 min read