The formula for failure is a few small errors consistently repeated. - Shane Parrish

There is an old adage that encapsulates this: “To the man with only a hammer, everything starts looking like a nail.” Not every problem is a nail. The world is full of complications and interconnections that can only be explained through understanding of multiple models.

I’ve been fortunate over the years to talk to my heroes Charlie Munger and Daniel Kahneman about thinking and decision-making, along with other master practitioners like Bill Ackman, Annie Duke, Adam Robinson, Randall Stutman, and Kat Cole. Many of these conversations are public on The Knowledge Project podcast.

You only think you know, as a matter of fact. And most of your actions are based on incomplete knowledge and you really don’t know what it is all about, or what the purpose of the world is, or know a great deal of other things. It is possible to live and not know.