1.
Resilience can be cultivated
Resilience is the ability to manage stress in effective ways. It’s not a static quality or attribute you’re born with, or a choice of attitude. Instead, it’s a set of skills that can be developed by repeating specific behaviours.
Some building blocks of resilience are factors that are largely beyond one’s control, such as greater income and education and having supportive environments. Some are things you can do in your daily life, such as exercise, hobbies and activities, and getting adequate sleep. Other facets might take more time to develop, such as nourishing supportive relationships, building skills for tolerating distress and regulating emotions, meditation, incorporating spirituality or religion and practicing less self-criticism and more self-compassion.
2.
Social media has become the world’s most addictive game
Respect is so important to humans that it’s a key reason we evolved to play games. Will Storr, in his book The Status Game, charted the rise of game-playing in different cultures, and found that games have historically functioned to organize societies into hierarchies of competence, with score acting as a conditioned reinforcer of status. In other words, all games descend from status games.
And so, when Facebook added “likes” in 2009, they quickly became a proxy for status, and a score to compete for. People now had a social stake in posting content. Hitting “send” became like activating a slot machine, initiating an excitingly uncertain outcome; the post might go completely unnoticed, or it might hit the jackpot and go viral, awarding the coveted prizes of respect and fame.
Other social media platforms followed. They offered immediate reinforcement in the form of instant responses, conditioned reinforcement in the form of “likes” and “followers”, and unpredictable reinforcement that varied with each post and each refresh of the page. These features turned social media into the world’s most addictive status game.
Pic of the Week
India has become the largest market for electric 3 wheelers.
Thought of the Week
Why it is best not to follow anyone blindly. Sometimes, what they say and what they do are not the same.
A lot of Ben Graham’s rise in life was during a period when there was plenty of low hanging fruit among mediocre businesses that were way too cheap. He was relatively rare in doing his hunting in that garden, and so he made a pretty good living.
That low hanging fruit eventually went away as the aftermath of the Great Depression went away. And Graham actually made more than half of all the money he made in his life out of one stock. That stock was Geico, which was a great business. So if you actually look at the great man’s own life, you’ll see that what he taught wasn’t the way he got rich himself.
~ Charlie Munger
Video of the Week
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