Monica is my new favorite software. It’s a CRM to “organize the social interactions with your loved ones.” In the few weeks I’ve used it, Monica has done a great job proactively encouraging me to be a better friend.
Monica is also open source on GitHub with an active community. It’s clear how this has influenced what the product is. I’d love to see Régis Freyd (the creator) turn Monica into a viable business too. This would ensure its long-term sustainability, and also help solve for product gaps (e.g. hiring for design polish).
Overall, Thinking in Bets is a pretty middle of the road business book. It’s good for lots of tactical details around “thinking in bets” and avoiding inherent biases. It doesn’t have an overly compelling narrative.
Some of its more salient points include:
“Resulting” is judging a decision based on its results (which are probabilistic) instead of the thinking and process leading to the decision. A good decision can always have a bad outcome because no decision is ever 100% predictable.
Transforming “I know” into “I think with N% certainty” creates space for evaluating what you think you know that led to your current conclusion. It also creates space for others to critically examine the facts leading to your conclusion without you being “wrong”.
Sugar industry funded research that eventually triggered low-fat food products. Took decades of real-world impact to realize the flaws. See Snackwell opinions from Michael Pollan.
Separate the message from the messenger to avoid bias based on perception of messenger. For instance, liberals could learn a lot from conservatives this way. Tactically, practice this by removing the name from the statement and evaluate more objectively.
Remembering the future is the best way to plan for it. From the vantage point of the present, it’s hard to see beyond the next step. We end up over planning for addressing problems we have right now. When we work backward from the goal, we plan the decision tree in greater depth.
Overall, Thinking in Bets provides useful reference material for “thinking in bets.” Which is the title of the book. Which you don’t really understand the meaning of unless you’re a poker player or read the book.
A reflection on family, business, and travel. See also: 2015, 2014, 2013.
I definitely feel older this year. Not yet in the “my body is aging” sense, but in the “I am definitely not a kid anymore” sense. I am acutely aware of all the responsibilities I hold as a father and husband (and homeowner, for that matter). This post is a couple days late accordingly.
In October, I bought a new MacBook Pro and did a fresh install. I took notes on the software I installed with the hopes of sharing them with the world (as I did in 2014 and 2011). It’s now December and I finally have time to write the blog post. Busy!