Sunday 31 March 2024

Hedonic Happiness

 

Nassim Taleb on Hedonic Happiness

Making $1 million in one year, but nothing in the preceding nine, does not bring the same pleasure as having the total evenly distributed over the same period, that is, $100,000 every year for ten years in a row. The same applies to the inverse order – making a bundle the first year, then nothing for the remaining period. Somehow, your pleasure system will be saturated rather quickly, and it will not carry forward the hedonic balance like a sum on a tax return.

As a matter of fact, your happiness depends far more on the number of instances of positive feelings, what psychologists call “positive affect,” than on their intensity when they hit. In other words, good news is good news first; how good matters rather little. So, to have a pleasant life you should spread these small “affects” across time as evenly as possible. Plenty of mildly good news is preferable to one single lump of great news…The same property in reverse applies to our unhappiness. It is better to lump all your pain into a brief period rather than have it spread out over a longer one.

 

Source~ Nassim Taleb, in The Black Swan

 

Greek philosopher Epicurus on desire and contentment:

"Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things you only hoped for."

 

 "Focus starts with elimination, improves with concentration, and compounds with continuation."

-James Clear



#Wisdom Writings: Sunday Serenity


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Sunday 24 March 2024

Wisdom Nuggets

 

Buddhist monk and author Thich Nhat Hanh explains how to support your friends and family when they are suffering:

"Even before you do anything to help, your wholehearted presence already brings some relief, because when we suffer, we have great need for presence of the person we love. If we are suffering and the person we love ignores us, we suffer more. So what you can do—right away—is to manifest your true presence to your beloved and say the mantra with all your mindfulness: "Dear one, I know you are suffering. That is why I am here for you." And already your loved one will feel better."

Source: Fear: Essential Wisdom for Getting Through the Storm

 

  

"Explore life from a position of power.

When you believe, "Even if I stay single, I'll still have a great life" ... then you are in a much better position to enter a relationship.

When you believe, "Even if I don't get into this school, I'll still have a great life" ... then you are in a much better position to apply.

When you believe, "Even if I don't succeed with this business, I'll still have a great life" ... then you are in a much better position to give it a try.

Sure, you may want the relationship to work or the business to be a success—and you should give it your best effort—but also realize that if it doesn't work out, you'll be fine. There are many ways to live a great life."

Source: James Clear’s E-Newsletter


#Wisdom Writings: Sunday Serenity


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Sunday 17 March 2024

What will be the biggest decision of your life?

What will be the biggest decision of your life? 

Career? NO.

Healthy lifestyle? NO.

City/Country to live in? NO.

Personal Finance learning? NO

“The biggest decision of your life will be who you choose to marry,” said Warren Buffett in a documentary. “There have been two turning points in my life,” he added, “One when I came out of the womb and one when I met Susie. What happened with me would not have happened without her.”

He addressed the topic during a 2017 conversation with Bill Gates at Columbia University, too –

You want to associate with people who are the kind of person you’d like to be. You’ll move in that direction. And the most important person by far in that respect is your spouse. I can’t overemphasize how important that is.

 

So how big and overwhelming a deal is to pick the right spouse? Tim Urban writes in his blog Wait But Why –

…start by subtracting your age from 90. If you live a long life, that is about the number of years you are going to spend with your current or future life partner, give or take a few…And when you choose a life partner, you are choosing a lot of things, including your parenting partner, someone who will deeply influence your children, your eating companion for about 20,000 meals, your travel companion for about 100 vacations, your primary leisure time and retirement friend, your career therapist, and someone whose day you will hear about 18,000 times.

As a culture, we spend hours upon hours developing academic knowledge, building physical fitness, deciding where to go to college or learning about managing our money well. But we spend little time, if any, finding out how to make the most important decision of our lives. Because that is what it is.

Your choice of life partner will affect the quality of your life much more than where you go to college, what you do for a living or where you make your home. Choosing a good spouse is by far the most important thing in life to get right.

And the best way to get a good spouse, Charlie Munger advises, “is to deserve a good spouse.”


#Wisdom Writings: Sunday Serenity

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