/w=256,quality=90,fit=scale-down)
Overview
I believe that investing is one of the best places to build up a base of mental models. The reason is that we are all investors of our time. And more recently, with Web3’s structure, how we spend that time is also a financial investment decision.
Personal
Although crypto markets are going up overall, most people who enter it actually lose money or stay the same.
Top Mental Models For Smart Investors
Navigate Related
There are consequences to each action, and there are consequences to consequences. These are called Second-Order Effects. Ultimately, it’s impossible to predict all the consequences perfectly, but some of them are really predictable, and the better of a model you have, the better you'll be prepared to notice the opportunity in your industry.
When most people think about scenarios, they either think only about the positive scenarios (if they’re setting a goal), or only about the negative outcomes (if they’re in worry mode), and they usually focus only on the short term. With scenario planning, you expand your perspectives by thinking about both the positive and negative and by extending into the long term.
