The Big Idea: To run a successful business, you must be comfortable with math and statistics.
- Math is the only 100% certain truth. — Descartes
- I was dyslexic, but I realized that if I was going to be rich I had to understand numbers. — Richard Branson
- To make good decisions, you must understand math and statistics.
- By far the most common background for billionaires is investing.
- To make good decisions, measure and quantify.
- Trying to quantity the unquantifiable (happiness, leisure) can still help.
- Keep an old algebra textbook around.
- Play chess or backgammon to stay sharp.
- Almost all billionaires play games like poker, bridge, chess, backgammon.
- Quantify possible outcomes to make decisions easier.
- Logical Fallacy of the Slippery Slope: I don’t want to lift weights because I don’t want to look like Arnold Schwarzenegger
Tai Lopez is an entrepreneur, investor, and blogger who runs an awesome online book club. 67 Steps is a lecture series teaching how to be successful in health, wealth, love, and happiness. I’m a big fan.