Chapter 1: What is Loserthink?
- Having multiple mental models help you think more 'productively'.
- "Loserthink isn't about being dumb, and it isn't about being underinformed. Loserthink is about unproductive ways of thinking."
Chapter 2: Political Warming
Mostly skipped this chapter.
Chapter 3: Thinking Like a Psychologist
Chapter 4: Thinking Like an Artist
Chapter 5: Thinking Like an Historian
- Whoever is in charge gets to write history in any way you like. Most often, it's filtered through politics etc.
- "History (even the fake kind) can be useful for persuading others through guilt. But don't make the mistake of persuading yourself that history should matter to your choices today".
When you extend "history repeats" to a situation, you're on shaky ground. Yes, people are selfish, violent etc. But that's too general — and yes, they'll most likely be so again.
- "History doesn't repeat, at least not in any way you can use to accurately predict the future. (The exceptions are simple situations.)"
Chapter 6: Thinking Like an Engineer
- The best solutions can be independent of how we feel about the cause of the problem. We often think about who started a problem, which is just a way to assign responsibility. The solution is often unrelated to that.
- "The thing that engineers know, and the general public often ignores, is that it is common for more than one variable to be important at the same time". If you think that, in a complicated solution with multiple variables, that one variable was decisive — that's most likely loserthink.
Chapter 7: Thinking Like a Leader
Chapter 8: Thinking Like a Scientist
Chapter 9: Thinking Like an Entrepreneur
The secret to getting off the couch is to break down the things you need to do into the smallest step that you can do without much effort. Then you just go and do that. This could literally be standing up.
- Often, our goals are enormous. But we can break them down into manageable chunks.
- "Loserthink involves imagining the entire task ahead and letting it stun you into inaction"
Don't 'stay in your lane'. It's good to leave it as often as you can — without inviting major risk — to pick up skills that will complement your talent stack.
- The more skills = the more valueable you'll be. But you don't know where it'll take you.
- "Successful people, and people who will someday be successful, seem to believe they can steer their fate by their actions. Whether they are right about that or not, it's a winning mindset. People who think they control their situations will put more effort into doing so"
- Take full responsibility for your outcomes.
"The simplest way to learn how to think like a rich person is to start reading books on the topic."
- Scott recommends these authors: Tony Robbins, Tim Ferriss, James Altucher, Seth Godin, and Mike Cernovich.
- "You can learn to think like a rich person by consuming books, blog posts, and podcasts from the authors who can teach you how. If this sort of reading isn't your thing, make it your thing, one microstep at a time"
- "You might be tempted to think successful companies all have smart founders who see the world clearly, and that skil set is what helps them succeed. But the reality is that entrepreneurs are making educated guesses and talking themselves into a degree of certainty that the facts do not support."
"Find a way to test your assumptions in a small way so no one gets hurt"
- "Don't have too much confidence in your own rightness and ability to divine the future." — but you can also wait too long to develop confidence in your worldview before acting.
Chapter 10: Thinking Like an Economist
Chapter 11: Thinks Pundits Say That You Should Not Copy
Chapter 12: The Golden Age Filter
Didn't take notes here.
Chapter 13: How to Break Out of Your Mental Prison
- Don't let the opinions of unsuccessful people hold you back.
"If you don't know the right way to do something, try doing it wrong, so long as it is not dangerous to do so. Doing things wrong is an excellent way to figure out how to do things right"
- "Loserthink involves waiting until you know how to do something right before you do anything at all. That strategy makes sense only when it is physically or financially dangerous to make a mistake. For most ambitions in life, we can jump in, make some mistakes, and figure it out from there. If you get embarrassed in the process, good for you! It means you just learned that embarrassment doesn't kill you."
- "If you can't figure out how to do a task the right way, do it the wrong way and watch how quickly you get free advice"
This should be your list of priorities, in order: (obvious exceptions apply)
- Be selfish when it comes to your health, fitness, diet, and education.
- "Your first priority should be you. If you don't take care of yourself first, your won't be much use to anyone else. But hurry up — the world has lots of problems and maybe you can help"
- It's dangerous to blindly follow the advice of experts.
- Learn that people are not rational. We don't often change our beliefs when presented with new factual information that contradicts them.
Put yourself in embarrassing situations regularly.
- It doesn't mean anything to anyone else. People don't care.
- To think more effectively, improve your fitness, diet, and sleeping.
- Judge people by how they respond to their mistakes — not by their mistakes.
- "You are what you do, not what you think"
Chapter 14: How to Break Others Out of Their Mental Prisons
- "Agree with people as much as you can without lying, and you will be in a better position to persuade"