"Velocity is not equivalent to speed; the two are sometimes confused. Velocity is speed plus vector: how fast something gets somewhere. An object that moves two steps forward and then two steps back has moved at a certain speed but shows no velocity. The addition of the vector, that critical distinction, is what we should consider in practical life." - Shane Parrish "The velocity of an object is the rate of change of its position with respect to a frame of reference, and is a function of time. Velocity is equivalent to a specification of its speed and direction of motion (e.g. 60 km/h to the north). Velocity is an important concept in kinematics, the branch of classical mechanics that describes the motion of bodies. Velocity is a physical vector quantity; both magnitude and direction are needed to define it." - Wikipedia (James Clear)

Resource Datasbase

Shane Parrish's Farnam Street Mental Model Guide --- James Clear Mental Models Overview