3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP554: Mental Models for Successful Investing w/ John Jennings

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Importance of Understanding the Uncertainty of the World

Richard Weiser: One of my biggest insights from tuning into William Green's episodes here on The Richard Weiser Happier Show is that the world is fundamentally uncertain. And when people fall into these camps, they can become extremely overconfident in what they believe in. Can you expand on this idea that because humans don't like uncertainty, we're prone to quickly jumping to conclusions that are either too simplified or maybe not even true? John Sutter: I have an entire chapter in my book called Looking for Causes in All the Wrong Places. So it's all about causation and correlation.

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