Justas Janauskas on Ask me anything you wantCEO @ Qoorio, Co-Founder @ Vinted, Angel InvestorSome time ago
17 of the most useful razors (rules of thumb that simplify decisions): 1. Bezos' Razors: • If unsure what action to take, let your 80-year-old self make it. • If unsure who to work with, pick the person that has the best chances of breaking you out of a 3rd world prison. 2. Skinner's Law: If procrastinating on an item, you only have 2 options: (a) Make the pain of not doing it greater than the pain of doing it. (b) Make the pleasure of doing it greater than the pleasure of not doing it. 3. Luck Razor: • If stuck with 2 equal options, pick the one that feels like it will produce the most luck later down the line. 4. Bragging Razor: • If someone brags about their success or happiness, assume it’s half what they claim. • If someone downplays their success or happiness, assume it’s double what they claim. 5. Hofstadter’s Law: • It always takes longer than you expect, even when you take into account Hofstadter’s Law. Every project costs 2x as much and takes 3x as long - even when you factor this into your projections. 6. Elon's Law: • If you have a project, combat Hofstader's Law by setting a ridiculously ambitious deadline. Even if it takes 3x longer than the deadline, you're ahead of everyone else. Elon Musk missing his super human deadlines is a feature rather than a bug. 7. Naval's Razors: • If you have 2 choices to make and it's 50/50, take the path that’s more painful in the short term. • If a task is worth less than your ambitious hourly rate - outsource it, automate it or delete it. 8. Munger's Law: • Never allow yourself to have an opinion on a subject unless you can state the opposing argument better than the opposition can. Steelman Arguments > Strawman Arguments 9. Hitchen's Razor: • What can be asserted without evidence can be dismissed without evidence. 10. Newton's Flaming Laser Sword: • If something can be settled by experiment or observation, then it is not worthy of debate. UFC 1 >>> Decade long debates on the best martial arts 11. Joe Rogan's Razors: • If unsure what action to take - ask what the hero in the movie would do. • If you're intensely passionate about something and nobody around you is interested in it - assume the scale of the internet might help you find them. 12. Taleb's Surgeon: • If presented with two seemingly equal candidates for a role, pick the one with the least amount of charisma. The uncharismatic one has got there despite their lack of charisma. The charismatic one has got there with the aid of their charisma. 13. Discomfort Razor: • The more uncomfortable the activity, the more likely it will lead to growth. • The more comfortable the activity, the more likely it will lead to stagnation. 1000 uncomfortable hours > 10,000 comfortable hours 14. Checkhov's Gun: • When telling a story, if it's non-essential - don't include it. "If you say in the 1st chapter that there is a rifle hanging on the wall, in the 2nd or 3rd chapter it absolutely must go off. If it's not going to be fired, it shouldn't be hanging there." 15. Occam's Razor: • Simple assumptions are more likely to be correct than complex assumptions. Avoid Occam's Duct Tape: • Someone who approaches a problem with a ridiculously large number of assumptions. 16. Walt Disney's Rule: • If struggling to think clearly about a subject, draw it out. See picture. 17. Schwarzeneggers' Rule: • Never need to monetize your artistic pursuits. You won't have to sacrifice your inner joy and vision for a payday. Arnold made millions from property and D2C bodybuilding guides so he never had to say yes to acting gigs he didn't like. Collected by George Mack (https://twitter.com/george__mack) Pircture: Walt Disney's drawing he made in 1957 of the Media Empire he wanted to build. It's iconic.

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Jason BaselCEO @ EduOne, Adventurer
Mungers law 👌
8 months ago
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Povilas GodliauskasWell-being Psychologist | Mentor | Lecturer | Consultant | HR |
Thank you!! Another one: go only with those options that you can assign at least 9 out of 10 on a scale of motivation, satisfaction, interest, benefits, etc. (took it from McKeown's book "Essentialism: The Disciplined Pursuit of Less").
8 months ago
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Marija MireckaitėPhotographer. Curious person.
this must be one of my favorite insights on Qoorio!
8 months ago
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Sergej ZacharevskijEnterpreneur
Seems that there are more laws from Charlie Munger: MUNGERS LAW #1 - IF IN DOUBT, INVERT. “It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.” Avoiding stupidity is easier than seeking excellence, yet nobody does it. His golden piece of advice is two-fold: 1. Avoid being lazy 2. Avoid being unreliable No matter how connected, well-read or talented you are - if you don't avoid these two, you are destined to fail. A young man once asked Charlie - "What advice do you have for someone like me to succeed in life?" Most gurus would respond with "Follow your passion" or "Find your why" Munger quipped back: "Don't do cocaine. Don't race trains to the track. And avoid all AIDS situations." Inversion is useful for wooly problems like happiness. Instead of asking "How do I become happy?" Ask, "How do I become depressed?" 1. Poor sleep 2. Shit diet 3. Meaningless work 4. No exercise 5. Boring friends Avoid those 5 and you've figured out 95% of happiness. MUNGERS LAW #2 - UNDERSTAND INCENTIVES “It’s much easier to decode life when you view events as an emerging property of underlying systems” - @danielgross And all human systems can be explained by ONE THING - Incentives. FedEx tried every management technique to get their workers to move all packages into one central location each night. It was "Impossible". One day they decided to pay workers by the SHIFT instead of by the HOUR. Miraculously, they never had the problem again. "Show me the incentives and I will show you the outcome" - Munger "If you have a dumb incentive system, you get a dumb outcome" - Munger MUNGERS LAW #3 - BE VERY CAREFUL WITH YOUR IDENTITY What you shout out to other people, you pound into your own psyche. Your identity is a proxy between your consciousness and reality. Identity distorts your sense making apparatus. "Self-image is the prison. Other people are the guards." - @naval The biggest danger of mental models is that you begin to identify as a "smart person who understands cognitive biases" This is the ultimate trojan horse. You become too scared to make mistakes - the guy who has it all figured out can't make mistakes. If you can't make mistakes, you can't iterate. If you can't iterate, you can't win. Ironically, identifying publicly as an idiot frees you. (PS. I'm not smart - I'm a moron.) If decision making theory was the sole requirement to do great things, psychology professors would be running the world - not classrooms. I call this "The Instagram Paradox": The desire to identify how successful and happy you are to others is the thing that prevents you from being successful and happy. Irony. You can't present an image of you as an expert and co-exist in beginners mind at the same time. MUNGERS LAW #4 - KNOW THE OTHER SIDE BETTER THAN THEY KNOW IT Charlie never allows himself to have an opinion on a subject unless he can state the opposing argument better than the opposition can. Don't create STRAW MAN arguments, create STEEL MAN arguments. If you're a marxist, you should know the benefits of consumer capitalism better than Adam Smith. In every debate, be like @BretWeinstein moderating @SamHarrisOrg & @jordanbpeterson. State the strengths of your opposition and the weakness of your own. STEEL MANNING is Antifragile. You either prove your theory correct or end up with a better idea. Win-Win. STRAW MANNING is Fragile. You spend years emotionally attached to the first idea that got in your head. Lose-Lose. MUNGERS LAW #5 - YOU GET WHAT YOU DESERVE "The safest way to get what you want is to earn what you want" - Munger (How to find a romantic partner?) - "Be worthy of a worthy mate" - Munger Instead of having grandeur fantasies about how people will one day realize your genius, just focus on becoming that person. The ultimate cheat code to life is to realize that there are no cheat codes. MUNGERS LAW #6 - KNOW YOUR CIRCLES OF COMPETENCE “Knowing what you don’t know is more useful than being brilliant.” - Munger “Acknowledging what you don’t know is the dawning of wisdom.” - Munger Whenever I hear a novice speak arrogantly about an area of my expertise, I get a smug feeling that lasts for about 5 seconds. I then sink into panic and think about subjects I have confident opinions in yet no experience. The Dunning-Kruger effect can only be seen in others. Best till LAST... MUNGERS LAW #7 - AVOID SELF PITY "Whenever you think that some situation or some person is ruining your life, it’s actually you who are ruining your life. It’s such a simple idea. Feeling like a victim is a disastrous way to make go through life." - Munger Munger had a friend that carried a big stack of index cards. Whenever this friend heard someone feel sorry for themselves, he would sarcastically give them one that read: “Your story has touched my heart, never have I heard of anyone with as many misfortunes as you”. "I suggest that every time you find you’re drifting into self pity, I don’t care what the cause — your child could be dying of cancer — self-pity is not going to improve the situation. Just give yourself one of those cards." - Munger I always thought the "YOUR CHILD COULD BE DYING OF CANCER" line was a bit crass for a billionaire to advise people. Then I did a bit of research into Charlie's life... When Charlie was 29, his wife divorced him and he lost everything - including his home. Shortly after the divorce, he found out his 9 year old son Teddy had leukemia. Charlie spent his remaining pennies paying for his son's medical bills... He used to leave the appointments walking the streets crying. At the age of 30, Charlie Munger was: 1. Broke 2. Divorced 3. Burying his dead child He had every excuse to give into self pity. We live in a better place because he didn't. Later in his life, Charlie was told he was going to lose sight in his remaining eye. Charlie's NUMBER ONE hobby is reading. This news should've DESTROYED him. How did he respond? “It’s an opportunity for me to learn braille.” - Charlie told friends. The ultimate reframe. SUMMARY: 1. Avoid sloth and unreliability 2. Incentives are a superpower 3. Be careful with your identity 4. Steelman arguments 5. Be worthy of a worthy mate 6. Dunning-Kruger effect is easier to see in others 7. Where is the opportunity for you to learn Braille? https://www.linkedin.com/pulse/7-laws-life-charlie-munger-manifesto-trent-anderson-mba/
8 days ago
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Justas Janauskas on Ask me anything you wantCEO @ Qoorio, Co-Founder @ Vinted, Angel InvestorSome time ago
Antanas Bernatonis asked: "I would love to ask if you could come back in your 20s, what would you do on everyday basis? Where would you invest your time and what would be the main advice you could give to yourself?" Me: I will start with my belief that every human being has a unique story of life, a unique path of how they got to where they are today. It is quite rare that the advice of a person to themselves apply to somebody else. Thus, don't take my answers for granted. They will probably not be useful pieces of advice for you or anyone else because of everyone's unique situation. I would suggest to ask the right questions to yourself and figure out the answers by yourself in a way that makes the most sense to you, as you have the most in-depth knowledge of yourself. And I suggest starting with the question 'What kind of life you want to have?'. Getting back to Antanas' questions, I can say that I feel quite happy where I am today. Thus I wouldn't change anything that I was doing in my 20s. And what was I doing? In my early 20s, I was coding 12-16 hours per day, it was my passion, I loved the process of building software and its impact on people. I mastered my professional skills. However, I wasn't mastering my soft skills, everything human-related. I was so bad at them that I even wasn't aware they exist. The phrase "emotional intelligence" was just a random buzzword to me. In my late 20s, I was running a company with 100+ people. My professional skills were irrelevant in that position. Soft skills were those which were needed the most. However, I had them completely undeveloped. Therefore my advice to myself would be "figure out what the heck is emotional intelligence and master it as good as you code". N.B. This is an experimental insight. What is the experiment? Instead of broadcasting insights based on what you think is interesting, broadcast them based on what people want to learn from you. Do you think it is a good idea? Let me know in the comments. Also, if you like to ask me more questions, do that from my profile. If you like the experiment and want to be asked, let us know! Photo below: my dog in dunes:)

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Yannick OswaldVC, Opportunities are Everywhere
love this!
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Justas Janauskas on Ask me anything you wantCEO @ Qoorio, Co-Founder @ Vinted, Angel InvestorSome time ago
What is the purpose of debate? Most of us, if asked, would say it’s about helping someone with an incorrect, harmful idea see the light. It’s an act of kindness. It’s about getting to the truth. But the way we tend to engage in debate contradicts our supposed intentions. Much of the time, we’re really debating because we want to prove we’re right and our opponent is wrong. Our interest is not in getting to the truth. We don’t even consider the possibility that our opponent might be correct or that we could learn something from them. As decades of psychological research indicate, our brains are always out to save energy, and part of that is that we prefer not to change our minds about anything. It’s much easier to cling to our existing beliefs through whatever means possible and ignore anything that challenges them. Bad arguments enable us to engage in what looks like a debate but doesn’t pose any risk of forcing us to question what we stand for. It’s never fun to admit we’re wrong about anything or to have to change our minds. But it is essential if we want to get smarter and see the world as it is, not as we want it to be. Any time we engage in debate, we need to be honest about our intentions. What are we trying to achieve? Are we open to changing our minds? Are we listening to our opponent? Only when we’re out to have a balanced discussion with the possibility of changing our minds can a debate be productive,avoiding the use of logical fallacies. Bad arguments are harmful to everyone involved in a debate. They don’t get us anywhere because we’re not tackling an opponent’s actual viewpoint. This means we have no hope of convincing them. Worse, this sort of underhand tactic is likely to make an opponent feel frustrated and annoyed by the deliberate misrepresentation of their beliefs. And if you’re a chronic constructor of bad arguments, as many of us are, it leads people to avoid challenging you or starting discussions. Which means you don’t get to learn from them or have your views questioned. In formal situations, using bad arguments makes it look like you don’t really have a strong point in the first place. Read more about bad arguments and how to avoid them: https://fs.blog/2020/05/bad-arguments/
Bad Arguments and How to Avoid Them
fs.blog
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Justas Janauskas on Ask me anything you wantCEO @ Qoorio, Co-Founder @ Vinted, Angel InvestorSome time ago
Being in a privileged position, I want to give back. During my last 12 years as an entrepreneur, I have found myself in many good and bad situations. I have made millions of mistakes, yet found the way out often thanks to other people I considered smarter than myself. Merely seeing a different perspective through their eyes on a situation I wanted to change often was the first step to find a solution whether that was business, life, or career. Being in a privileged position as a unicorn co-founder (Vinted), I want to give back: I am offering my experience & perspective to young entrepreneurs and other fellows who believe I can provide a helpful perspective on their business problems. I will not solve your problems. Only you can do that, yet, I might offer a different approach to your problem. I have already reserved 1-2 slots per week for whoever wants to talk to me. During last year, I have already done close to 100 such meetings/calls, and, based on the feedback, people were happy (5 out 5 stars). Yes, I am doing this through this platform. I charge a symbolic fee for a meeting because I learned that there is a massive difference in people’s motivation, whether they pay or not. Well, there is no free lunch, after all. And yes, all proceeds automatically go to a local dog shelter as a charity. Some of you might know that I am a big fan of dogs 🐕. I will respond to all meeting requests, yet will accept only those which I believe are relevant to me. So, please be specific on your problem/situation prior sending me a request. Also, I might have a queue of requests/meetings, so please give me time to come back to you. To those who don’t know me, briefly: I am an engineer in my heart. I was coding since I was 10. I represented Lithuania in international olympiads in informatics when I was at school (yet, never got the medal). I made my first exit when I was 14 and since then worked as a software developer. At age of 24, I co-founded Vinted, which 12 years later became the first Lithuanian unicorn. I left my own company when I was 34 (it was both a happy and painful experience). Today I am building Qoorio, a platform to connect people like you and me. I experienced working, studying, and building a company all at the same time by day & night. I have hired over a hundred people and fired tens. I raised tickets from €5k to €25m. I pitched to hundreds of investors of all kinds: angels, seeds, growth, PE, investment banks, etc. I was micromanaging people, bullying people, empowering people, making their dreams and nightmares come true. I was the best leader and the worst one. I have seen teams coming together, I have seen teams breaking up. I have seen companies dying, and I have seen companies skyrocketing. I made brilliant decisions, and I made terrible decisions. I was in euphoria many times, and I was in hell even more times. I have been the winner, and I have been the looser. I was loved by some people, and some other people hated me. Some people thought I am a genius, marketing guru and a mastermind, while other people thought I am a delusional psychopath. Well, after all, if you think I can be of any help to you, then let’s talk! If not, then share this message with those who might want to talk. 🙇‍♂️🚀💪🦀
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Mauricio PatiñoCreator and dreamer, guitarist, painter, physics, science fiction
Hi Justas, how are you? . I Find you a year ago through linkedin. I'm the founder of Birdi, the postmates for second-hand products in latin america. It Would be great if you can share your experiences and insights from developing a big marketplace like vinted. We are in a pre-seed round making traction an revenue. Thanks!
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