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THIS WEEK'S PREMIUM NOTES:
Michael Saylor on Bitcoin, Inflation, and the Future of Money | Lex Fridman Podcast | Part 1: Michael Saylor joins Lex Fridman for a deep dive on science and economics. In part 1, you will learn how digital education will drive future scientific breakthroughs and create trillion dollar industries, and understand the true reality of inflation and how overly simplistic economic models really are. (download)

The Logic of Rage | Hidden Brain with Shankar VedantamWhat is rage? Why is it triggered? What purpose dose it serve? How can we control it? Join today and get access to this deep dive on all things rage. (download)

Top Takeaways Of The Week
 
Wisdom

The Spotlight Effect: Tendency to overestimate how much others notice aspects of one’s appearance or behavior. Even when we do feel noticed, we have a misperception of what is being noticed about us—we usually assume the worst - Vanessa Bohns

Engineering
: “Harnessing energy and technique to make the world a better place than you found it” – Michael Saylor

What is Power: Power is energy delivered in a period of time: A canon trumps a bullet trumps a bow and arrow trumps a spear trumps a fist. Michael Saylor

Anger: "Anybody can become angry, that is easy; but to be angry with the right person, and to the right degree, and at the right time, and for the right purpose, and in the right way, that is not within everybody's power, that is not easy" - Shankar Vedantam quoting Aristotle

When Rage is Necessary: Rage is triggered when our most vital interests are in danger (family, resources, social order). The conscious brain is too slow to react to immediate threats, so it reacts unconsciously (the circuit breaker). Rational thought can actually be counterproductive as deliberation can result in an improper response to a threat - Shankar Vedantam

Living is the Beautiful Process of Dying: Death has a bad rap – we should be afraid of death but not cling to life - Mike Tyson

Nature Destroys the Weak: Watching animals compete in nature serves as an honest reminder to never be the weak one in the group - Mike Tyson

Comparison is the Thief of Joy: â€śBasing your happiness on comparisons isn’t helpful because we are hopeless at setting reliable benchmarks for those comparisons”. It can’t be logically true for the average person to think they are less social than the average person â€“ Phill Agnew

Alexander the Great was shorter than Napoleon - Mike Tyson

It’s raining diamonds on Neptune - Mike Tyson


Wealth

The 2 Fundamental Failings of Economists: They equate inflation to CPI and they miss the idea that assets aren’t products or services and can’t be inflated. - Michael Saylor

American Fragility: â€śThe entire advance manufacturing base of the US is sitting on this house of cards of these 3000 small businesses.”. The real problem for the country is that the average age of the owner of these small businesses is 60, and the average age of a worker is 55.  â€“ Chris Power

America is No Longer a Serious Country: Automating and reshoring manufacturing are the most urgent national security issues. â€śWhen we outsourced manufacturing, we lost this industry that naturally generates serious people.”  â€“ Chris Power

Elon Externalities: â€śYou could argue that the biggest thing that Elon has done with SpaceX for the country is the fact that they trained thousands of aerospace engineers who were 25 and are now 30 and starting all these companies.”  â€“ Chris Power
Studying History Can Save You From FOMO investing: In the 1900s, there were 200 car manufacturers. Obviously, only a few survived. Knowing this context can help you slow down your decision-making before rushing into the next hyped tech stock.- @10kdiver

Life Expectancy of a Restaurant: Restaurants last eight years on average, but restaurants that last more than three years have a greater likelihood of achieving a much longer life. So, we shouldn’t be asking what the average lifespan is, we should be asking what the average lifespan is for restaurants that have already lasted three years. This process negates the sensitivity to initial conditions—many people skip this step .- @10kdiver


Health

Doing Sauna Right: Temperature between 80C-100C or 176F-212F (depending on how hot it feels to you), 10-20 minutes per session, 2-7 times per week (dry/wet is ok, but infrared isn't hot enough) - Dr. Andrew Huberman

Sauna to Maximize Growth Hormone: Limit to 1x/week or 1x/10 days, up to 2 hours of hot/cold cycling – and enter fasted or without food in the 2-3 hours prior for maximum benefits - Dr. Andrew Huberman
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Podcast Notes · Home Is Where The Headphones Are · Chappaqua, New York 10514 · USA