The Fibonacci sequence (0,1,1,2,3,5,8,13…) isn’t just math — it’s a universal pattern. As it grows, ratios of terms approach the Golden Ratio (Φ ≈1.618), a harmony found in spirals, plants, shells, galaxies & even DNA.
[🎞️ thevisualalchemy]
Here's video of Kara Swisher and Scott Galloway just a couple weeks ago defending Graham Platner and saying that Platner's past should not matter at all.
They defended the nazi tattoo, the obscene posts, the sexting, all of it.
Swisher (a self-proclaimed strong feminist) said that Platner reminded him of Bill Clinton because Clinton made some mistakes but was a good President.
Galloway (a Jew) gave Platner a "hall pass" for his nazi tattoo.
The only thing that matters to the Left is power. When you see them outraged about anything, remember they truly do not care. It is all performative.
These two frauds have both accused Elon Musk of making nazi gestures. Galloway once said he couldn't drive a Tesla anymore because a joke Musk made could be interpreted as homophobic.
Two terrible people.
One of the biggest lies we tell young people is that more education leads to a happier life.
Education raises your expectations. There's some research suggesting, for example, that education has little or no relationship with happiness. If you take two people and one has more education than the other, that alone doesn't tell you who will be happier.
One explanation researchers have proposed is that education changes what people expect from life. You think, "Once I get the degree, I'll earn this much." People with more education also tend to predict that they'll have more free time, more vacation, and an easier, more comfortable lifestyle.
But the reality is often the opposite. More education frequently comes with longer hours, greater responsibility, and more stress. Instead of gaining more leisure, you often end up with less. There's a mismatch between the life people expect and the life they actually get. And when those expectations aren't met, happiness suffers.
This video is so wholesome. The girl jumping with joy, and the chubby guy reacting like he'd just been smacked by one of his old friends, only to realize it was his idol.
Perhaps we should give people a choice:
1. Collect social service X, Y or Z for $100
OR
2. Pass on social service X, Y or Z, and deposit $25 into your @InvestAmerica24 account
Kinda like Amazon will give you an incentive to pass on two-day delivery and/or box all your stuff up into one box.
"Something happens over time so by the time they get to high school, boys don't feel like they belong in academic settings," notes AIBM’s Ioakim Boutakidisin a recent @MiamiHerald article.
https://t.co/EXpE8QQyEi
"There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism-by vote. It is merely the difference between murder and suicide."
— Ayn Rand
Help me out here, Kathy. You’re saying the electric grid can’t handle ACs in the summer, but you also want everyone to replace their gasoline cars with electric vehicles. How does that work?
If a government official tells you to use less electricity, they’re not doing their job.
Their job is to make sure innovation happens.
Fire the ones calling for restrictions. Their impulse is to gain control.
Charlie Munger spent 50 years studying why intelligent people make catastrophically stupid decisions.
It is the most useful thing I have ever watched:
1. Incentives are more powerful than anyone thinks. Munger says he has been in the top 5% of his age cohort his entire life in understanding the power of incentives and he has still underestimated it every single year. Federal Express could not get their night shift to work efficiently until someone realized they were paying by the hour. They switched to paying by the shift. The problem disappeared immediately.
2. People rationalise terrible behavior when their incentives point that way, and they do not even know they are doing it. A doctor in Nebraska was removing perfectly healthy gallbladders for years. When Munger asked an old colleague whether the doctor knew he was harming patients, the answer was no. he genuinely believed the gallbladder was the source of all medical evil and that removing it was an act of love. That is incentive-caused bias at its most extreme.
3. Psychological denial is real, and it is not just for weak people. A family friend's son flew off a carrier in the North Atlantic and never came back. His mother, a completely sane woman, simply never believed he was dead. Reality was too painful, so she distorted it until it was bearable. Munger says we all do this to some extent, and it causes terrible problems.
4. Consistency and commitment tendency are one of the most powerful forces in the human mind. Once you have stated a position publicly, you are psychologically locked into it. Max Planck said the really important new physics was never accepted by the old guard. A new guard came along that was less brain blocked by its previous conclusions. If this happened to the deans of physics, Munger says, imagine what it does to ordinary people.
5. The Chinese brainwashing system used on prisoners of war worked better than torture. They did not start with big demands. They maneuvered people into making tiny little commitments and declarations and slowly built from there. The same mechanism operates in every cult, every sales system, and every ideology that gets deeply embedded in people's heads.
6. Pavlovian association shapes buying behavior at a level most people never consciously process. Munger estimates three quarters of all advertising works on pure Pavlov. Coca-Cola does not want to be associated with funerals. They want to be associated with the Olympics, wonderful music, heroics. The association itself changes how people feel about the product at a subconscious level. Raising the price of a product can actually increase its market share because price and quality are associated in the human mind, and people use price as a signal of value.
7. Persian messenger syndrome is alive and running every major organization. The Persians killed the messenger who brought bad news. Bill Paley in his last 20 years, did not hear one thing he did not want to hear. everyone around him knew bringing bad news was dangerous. The result was that one of the most powerful men in media made terrible decisions for two decades because reality never reached him.
8. Social proof causes otherwise intelligent people to follow each other off cliffs. When one oil company bought a fertilizer company in the 1970s, practically every other major oil company rushed out and did the same. There was no rational reason for oil companies to own fertilizer companies. But if Exxon was doing it, it was good enough for Mobil. Every single acquisition was a disaster.
9. The efficient market theory persisted in academia for decades despite Berkshire Hathaway existing as a living contradiction. One economist kept adding sigmas to explain away the anomaly. two sigma, then three, then four, eventually six sigma. Munger's observation: It is better to add a sigma than change a theory just because the evidence comes in differently. That economist later went into money management himself and sank like a stone.
10. Contrast bias warps perception constantly and invisibly. Put your hand in hot water, then room temperature water. It feels cold. Put your hand in cold water, then room temperature water. It feels hot. same bucket. The human sensory apparatus has no absolute scale, only a contrast scale. Real estate agents exploit this deliberately. They show you two overpriced, awful houses first, then take you to a merely overpriced house, and it feels like a bargain.
11. The frog in slowly heating water is the business version of contrast bias. If something bad comes to you in small pieces, you are likely to miss it entirely. Munger says he has known many high-powered brilliant businessmen who were destroyed this way. not because they were stupid but because each incremental change was too small to trigger alarm. The contrast was never large enough to notice.
12. Authority bias is so powerful it can make trained professionals watch a plane crash. In flight simulator experiments, when the pilot, the authority figure, does something that any trained co-pilot knows will crash the plane, 25% of the time, the co-pilot sits there and lets it crash anyway. They have been trained to know better. The authority relationship overrides the training.
13. Deprivation super reaction syndrome explains why people go insane over small losses. Munger's neighbor had a 180 degree view of the harbor. the neighbor put in a pine tree about 3 feet high that turned it into a 179 and three-quarter degree view. They had a blood feud that went on for years. The New Coke disaster is the corporate version. Coca-Cola told customers they were changing a flavor and triggered a deprival super reaction so powerful that Pepsi was weeks away from releasing old Coke in a Pepsi bottle. smart engineers. brilliant lawyers. armies of psychologists. All missed it.
14. Envy and jealousy are far more powerful than greed and almost entirely absent from psychology textbooks. Munger says Warren Buffett has said half a dozen times that it is not greed that drives the world but envy. In a thousand-page psychology textbook, the index entry for envy and jealousy is blank. One of the most powerful forces in human behavior and academia essentially ignores it.
15. Gambling addiction is not explained by variable reinforcement alone. Skinner thought he had fully explained gambling by showing that variable reward schedules pound in behavior more powerfully than fixed ones. But the people who design modern slot machines know things Skinner did not. Lotteries where you pick your own number get far more play than lotteries where the number is assigned to you. People who commit to a number believe it has more validity because they chose it. Near misses on slot machines trigger deprival super reaction syndrome. It is four or five psychological tendencies working together, not one.
16. The most dangerous situations are when multiple psychological tendencies combine toward the same end at once. Munger calls this the lollapalooza effect. Tupperware parties use four or five tendencies simultaneously. Moonie conversion methods combine multiple tendencies and work extraordinarily well. alcoholics anonymous achieves a 50% no drinking rate when everything else fails because it also combines multiple tendencies toward a constructive end. The Milgram experiment is not just about obedience. it involves authority bias, consistency and commitment tendency, and contrast effects all working together. That combination turns human brains into mush.
17. Boards of directors are structurally designed to fail as corrective mechanisms. The top executive is the authority figure. He is doing something questionable. You look around, and nobody else is objecting, which is social proof that it is fine. He flies you around in the corporate jet and raises your director fees every year, which triggers reciprocation tendency. Munger's rule: boards only act when the behavior gets so bad it starts making them look foolish or threatens legal liability. That is the only forcing function that reliably works.
18. John Goodfriend of Salomon Brothers destroyed his career and reputation because he did not fire a trusted employee who had lied to the government. Every psychological tendency pointed toward keeping the man. He was a close colleague. His wife was known. He was part of a group that had made over a billion dollars for the firm. He said he had never done it before and would never do it again. Goodfriend looked into his eyes and believed him. The man did it again. The lesson: everyone who gets caught embezzling says they have never done it before and will never do it again. That is what they all say.
19. Darwin avoided confirmation bias by deliberately seeking out disconfirming evidence. Munger says Darwin was not especially smart by ordinary standards of human acuity. Yet he is buried in Westminster Abbey. Munger studied how Darwin worked and realized he had psychological tricks worth learning. Darwin always paid extra attention to evidence that contradicted his theories. Munger started doing the same and credits it as one of the most important intellectual habits of his life.
20. Why is the most important word in communication? Carl Braun designed oil refineries with spectacular skill, and you got fired in his company if you wrote a communication without explaining why. not just who, what, where, and when, but why. Braun knew that in a complex system where things can blow up, a communication system that always explains the reason behind an instruction works dramatically better than one that does not. Forstein, the general counsel of Salomon, told Goodfriend on multiple occasions that he had to report the employee's misconduct. He explained it was the right thing to do. He never explained what would happen to Goodfriend personally if he did not. he failed to use the most powerful tool of persuasion. Goodfriend ignored him. When Goodfriend went down, Forstein went with him.
INTERVIEWER: "If you abolish the Federal Reserve, what do you replace it with?"
THOMAS SOWELL: "When someone removes a cancer, what do you replace it with?"
MILTON FRIEDMAN:
“KEEP YOUR EYE ON ONE THING AND ONE THING ONLY: HOW MUCH GOVERNMENT IS SPENDING, BECAUSE THAT’S THE TRUE TAX.”
“IF YOU’RE NOT PAYING FOR IT IN THE FORM OF EXPLICIT TAXES, YOU’RE PAYING FOR IT INDIRECTLY IN THE FORM OF INFLATION OR BORROWING.”
LEGENDARY WORDS.
NEW LONG FORM VIDEO: Why In-N-Out Burger is impossible to compete with
In-N-Out Burger is one of the craziest business stories of the 20th and 21st centuries. The company has succeeded by breaking almost every rule in the business playbook. They don't franchise. They don't advertise. And yet, the average In-N-Out location generates far more revenue than a typical McDonald's restaurant.
It's a company that seems to ignore everything business schools tell you to do, and somehow, it's winning.
But the reason for In-N-Out's success isn't just the cult following or the secret menu. The real explanation lies in a few things that almost nobody talks about.
That's what this video is about. Let's dig into why In-N-Out Burger became so dominant.
The depressing 20-year legacy of An Inconvenient Truth
20 years ago, An Inconvenient Truth put climate change at the center of global debate, shaping politics, influencing leaders, and inspiring a generation of activists.
Two decades later, we can assess not just its impact, but its accuracy. Many of the film’s most alarming predictions did not materialize, while many of the policies it inspired have proven costly and ineffective.
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