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I just made a list of the biggest mistakes I've made in my life and then attributed each to a root cause. The most common one was failure to step back and not look at the big picture. - Spent 10s of 1000s of hours trying to become a grandmaster of chess.
Was a big waste of time. I could've taken a step back and acknowledged that even if I had done, I'd never be good enough to justify spending more time on it. Was never gonna be Kasparov - Got in a car accident in college in a snow storm. Was with friends. Very scary. Could've
taken a step back and seen that driving fast in those conditions made no sense. - Not going to any classes in college. I was totally unmotivated and was just stuck in a routine. If had taken a step back I would've just dropped out. The diploma didn't do much for me.
- Spent like 1-2 years living with my mom in my mid-twenties because my business was making hardly any money and I didn't feel worthy of spending money on rent. Stunted my social growth and was just embarrassing as hell. If I had taken a step back I would've seen that and would
have figured out that the small amount of money I was saving on rent was obviously going to be compensated for later even if the business failed. (there's a long list) Some other causes of big mistakes: - Small sample size - Dismissing other options too early in process
- Not realizing when I was making a huge decision (the original idea for first business was TERRIBLE) - Sunk cost fallacy Very useful exercise! Made me realize that I need to buy a bigger safer car now so I don't die in a car accident.
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