Not my Lemmings renamed my Prime Timesheet plugin for Jira to Time Tracker. As I remember 1000 Lemmings can't be wrong, but still my plugin used to be a reporting tool, rather than tracking. But "Question is, who cares" after all, Mana Mana.

Bad habits turned right

I've just read another great investors' book "Richer, Wiser, Happier" by William Green. Filtering it through my "painful" experience, of doing everything wrong, here are few notes in that perspective.

Chapter I. Copying is not that bad, that's my experience and first chapter is about. Pabrai copied Warren Buffet idea buying low cost. My wife copied ABC Yoga project. To succeed shamelessly copy others people's best ideas, and celebrate success together!

Chapter II. Being lonely, makes you independent and distinguishing from the crowd.

Chapter III. World is constantly changing, stability is not an option, however it's better to HODL assets. 

Chapter IV. Be resilient to wild market. Life is not simple the same as market, respect reality.

Chapter V. Keep it simple, better done than perfectly planned.

Chapter VI. And there's no rush.

Chapter VII. Be consistent in your strategy, even if it's not the best, it will compound over time.

Chapter VIII. Avoid common errors, and try again, if possible, just improve what did not go well. It's difficult to be smart, but it's possible to go around problems. Charlie Munger.

Being rich means to have fulfilled life, a lot of friends, big family, many tasks and plans. And it's all about people. We're living for someone, not for something. Van Den Berg.

As if I knew it will happen (Pernicious illusion)

My long long journey has ended up, finally. Quite expected, but still very disappointing, while enjoying Alps in September, I've been informed that as of December 31st 2023, Tempo Software Inc. will no longer require my services in conjunction with the Prime Timesheets product. I wish my work were still useful, though. 

Not used

But what I've created will live, for how long? I'll keep watching!

Meanwhile I've got a chance for another very interesting reading, very relevant to my Blog: Thinking: Fast and Slow by Daniel Kahneman. Here I'd like to write down my summary - collection of psychological biases. I love (to make every possible) mistakes!

Focusing illusion

Affective forecasting, buying bigger house or moving to better location will not make you happier, misswanting.

Pernicious illusion

The Illusion of Understanding, outcome bias From Nassim Taleb (black swan): narrative fallacy: our tendency to reshape the past into coherent stories that shape our views of the world and expectations for the future.

Muller-Lyer illusion

Fallacy remains attractive.

Conjunction fallacy, less is more

When you specify a possible event in greater detail you can only lower its probability. The problem therefore sets up a conflict between the intuition of representativeness and the logic of probability.

conjunction fallacy: when people judge a conjunction of two events to be more probable than one of the events in a direct comparison.

Cognitive dissonance/ease

What You See Is What There Is (WYSIWTI) and “Nothing in life is as important as you think it is, while you are thinking about it”

Anchoring Effect

When you consider a particular value for an unknown quantity before estimating that quantity. What happens is that estimate stay close to the number suggested.

Halo effect

The tendency to like (or dislike) everything about a person—including things you have not observed.

The Law of Small Numbers

Small samples yield extreme results more often than large samples do.