David Epstein, author of Range, writing about Herbert Simon’s notion of “satisficingin the NYT as part of his promotional blog tour for his new book, Inside the Box:

Maximizers tend to be less satisfied with their decisions and their lives. They are typically less happy, more prone to regret and more likely to compare themselves endlessly with others. Satisficers don’t necessarily have low standards. Their standard is “good enough for me” rather than “the best out there,” and that makes it possible to feel satisfied with their choices, instead of haunted by the ones they didn’t make.

The psychologist Mihaly Csikszentmihalyi, who first used the term “flow” to describe states of complete absorption in an activity, put it well. By making up one’s mind to invest in a choice, regardless of more attractive options that may come along later, “a great deal of energy gets freed up for living, instead of being spent on wondering about how to live.”

Delightful. Both feet fully in as opposed to one foot out. Assuredly hard to always employ in a world where social media functions as “an infinite comparison engine,” but delightful.

 

// 07.23.26

From Wisdom Takes Work by Ryan Holiday:

The purpose of knowledge is action.

Too much study and not enough doing creates a paucity of knowledge, a shelter of naïveté, no matter how smart you are.

There are things that make sense on the page but do not survive contact with events.

We are living in a world where information is getting ever cheaper and ever more abundant. It still takes work to use it.

// 07.09.26

Isaac Asimov (from a 1988 interview), providing a different perspective on trust, incentives, and guardrails:

It’s insulting to imply that only a system of rewards and punishments can keep you a decent human being. Isn’t it conceivable a person wants to be a decent human being because that way he feels better?

// 06.29.26

From the ending of Leonard Mlodinow’s Subliminal: How Your Unconscious Mind Rules Your Behavior:

We choose the facts that we want to believe. We also choose our friends, lovers, and spouses not just because of the way we perceive them but because of the way they perceive us. Unlike phenomena in physics, in life, events can often obey one theory or another, and what actually happens can depend largely upon which theory we choose to believe. It is a gift of the human mind to be extraordinarily open to the theory of ourselves that pushes us in the direction of survival and even happiness.

// 06.12.26

Dr. Cort Wernz, writing about a private equity buyout “Negotiating Blind” in his Substack, The Impression:

The upfront payout the Las Vegas radiologist described wasn’t arbitrary generosity. It wasn’t a bonus. It was his own future income, pulled forward, discounted and paid to him upfront in exchange for accepting less later.

[…]

The radiologist in Las Vegas wasn’t undone by a bad deal. He was undone by a predictable one, structured by people who understood exactly what they were buying, signed by people who understood it less well. That’s not a character flaw. It’s what happens when a profession doesn’t place any serious value on business literacy.

Nice to see a new voice in radiology just doing their thing.

// 06.10.26

In “Why Is It So Hard to Be Ordinary?” Joshua Rothman cuts deeply for The New Yorker:

What’s true for Little League holds for the rest of life. In some contexts, at some times, we strive for excellence, pushing ourselves. Elsewhere, we shrug, accepting our own ordinariness or mediocrity. The excellent and the ordinary coexist, but have an uneasy relationship. With phrases like “you win some, you lose some,” we acknowledge how, on an ordinary day, in an ordinary life, events cluster around a medium level of quality; in theory, we could be happy in the range between not-so-bad and pretty-good. Yet, for many people, it becomes difficult to find satisfaction in what’s regular. The excellent starts to shame the ordinary, leaving it worse off. We want to play winning seasons, not average ones. Having dunked once, we’d like to keep doing it. We’d prefer “great” weekends and vacations. On the largest scales, we oscillate between wanting to lead extraordinary lives and embracing the “merely” ordinary.

To paraphrase: if the questions are, is this it? Is this all there is? The answer is yes.

// 05.24.26

From Verdad’s “Priced for Perfection“:

The future is too uncertain and unpredictable to make high-certainty bets. Yet today’s market—and today’s largest tech companies—are taking one of the largest bets in the history of economics on the future of a new technology. One does not need to be a bear on the technology itself—we are power users and love AI—to identify that this moment in market history is likely to be characterized by over-investment, over-spending, excessive valuations, and inevitable disappointment as an uncertain future surprises a consensus narrative that is too specific and too confident relative to the pace of change.

Predictions are hard, narratives a bit easier. It will be interesting to look back at all the bold predictions and hand-wringing in 2, 5, 10 years and see who is eating claim chowder.

// 05.23.26