14/ @tylercowen shared such simple advice when I interviewed him:
1) Be as curious as possible.
2) Good things come from compounding.
3) Always ask better questions and obsess over that.
4) Talk about other people being wrong as little as possible.http://perell.com/podcast/tyler
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15/ Complexity makes us tense and anxious, which hurts performance. But simple rules allow for relaxed concentration, which improves performance. Simplicity makes us more focused and less stressed.
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16/ Paradoxically, rules give us freedom. Good rules let us focus on what’s important. They reduce stress, guide action, and improve our thinking. This reduces internal chatter so we can be present, aware, and free.
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17/ The best rules are deceptively simple. So simple that even a child can understand them. There are definitely exceptions. But in general, there’s too much complexity and not enough simplicity.
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18/ So why don’t people flock towards simplicity? Charlie Munger once said: “More investors don’t copy our model because our model is too simple. Most people believe you can’t be an expert if it’s too simple.”pic.twitter.com/eAeL3xSeov
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19/ Simplicity sounds too easy — it doesn’t sound smart, technical or advanced. But simplicity works because it’s actionable, calming and easy to remember.
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20/ I’ve found that the most successful people have simple rules that they take very, very seriously. Simple maxims, repeatedly performed, make for a successful life.
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Replying to @david_perell
Not to be a buzzkill, but imo this supposed simplicity is nearly 100% hindsight myth-making. It is easy to look *back* and find a few simple patterns in your successes. Much harder to do so looking forward, and dangerous to simply extrapolate.
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Replying to @vgr
good point, but at the same time, simple maxims lead to action in the "it is better to be roughly right than precisely wrong" sense. but i see your point
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Replying to @david_perell @vgr
ᴅᴀᴠɪᴅ ᴘᴇʀᴇʟʟ ✌ Retweeted ᴅᴀᴠɪᴅ ᴘᴇʀᴇʟʟ ✌
but this kind of simplicity really helps mehttps://twitter.com/david_perell/status/941741217867374592 …
ᴅᴀᴠɪᴅ ᴘᴇʀᴇʟʟ ✌ added,
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Let’s circle back in about 10 years to see if you still think it helps 
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