勿以善小而不為，勿以惡小而為之。
Positive Compounding
1 + 1 = 11
冰凍三尺，非一日之寒
The Butterfly/Ripple/Domino Effect: the cumulative effect produced when one event sets off a series of similar or related events, a form of chain reaction.
The Cascade Effect
All the great outcomes in life come from compound interests, whether it’s in investing, or whether it’s in relationships.
Growth fuels more growth over time—the more you grow, the more feelings of growing.
The Power of Discontinuous Jump
A rolling snowball gathers more snow.
Negative Compounding
“How did you go bankrupt? Two ways. Gradually, then suddenly.” — Ernest Hemingway
“Powerful avalanches begin with small shifts.” — Pamela McFarland Walsh
10 - 1 = 0: 即使做對十件事，只要其中一件事做錯，一切就歸零，避免犯錯比什麼都重要!!!
How to Avoid Compound Mistake?
- Create Space
- Evaluate the New Situation
- Execute & Act
Remember: Remain flexible and adaptable during this phase
The 1-in-60 Rule
A 1 degree error in heading will cause an airplane to miss its target by 1 mile for every 60 miles flown. Tiny deviations from the optimal course are amplified by distance and time. A small miss now creates a very large miss later.
The Boiling Frog Syndrome (溫水煮青蛙)
Premise: If a frog is suddenly put into a pot of boiling water, it will instinctively jump out to avoid being killed and save itself from impending death. But if a frog is placed in warm water that is slowly brought to a boil, it may not notice the creeping, subtle change in temperature until it is too late.
Life Analogy: The most dangerous habits, behaviors, and beliefs are the ones you slip into slowly, day after day, without ever realizing the damage they are doing to your life. We think that catastrophic outcomes can be avoided by simply avoiding significant mistakes, when in reality, catastrophic outcomes are often simply the macro result of thousands of micro mistakes. Minimizing stupidity will get you far in life.
Charlie Munger
All I want to know is where I’m going to die, so I’ll never go there.
I just try to avoid being stupid. I have a way of handling a lot of problems—I put them in what I call my ‘too hard pile,’ and just leave them there. I’m not trying to succeed in my too hard pile.
Protect your reputation at all costs
See also: