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3min chapter
Universal Laws of the World
The Morgan Housel Podcast
Understanding Mill Mistakes and Hickam's Law in Complex Systems
This chapter explores 'Mill Mistakes,' where familiarity can distort our understanding of ideal systems, highlighted by insights from thinkers like James Mill and Stuart Kaufman. It also introduces Hickam's Law and critiques the oversimplification in diagnosing complex problems across various fields.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode