The Soviet Union had a shortage of nails during Lenin’s time. To increase production, his government started giving bonuses to the factories for the number of nails they produce. After hearing about the bonus, the factories reduced the size of the nails to produce as many nails as possible. In the end, they met the targets and…
Category: Life Lessons
Once you read, you can’t forget them. The lessons that will guide you in life.
Parkinson’s Law Meaning, Examples, and How to Overcome It
Parkinson’s Law means that work expands to fill the time available for its completion. Imagine you have two weeks to complete a project. How likely would you deliver the task earlier than the deadline? If your answer is not likely, you’re not alone. Because even if the project with a two-week deadline could be finished in three…
What Is Argumentum Ad Populum (And How To Question It)
Argumentum ad populum (Latin for “appeal to the people”) is a fallacy when people accept what is popular as true without logical reasoning. We live in a world of arguments. Some arguments shape how we make decisions and how we live without us realizing it. Especially when the majority accepts one as the norm. A…
The Lindy Effect: How Things Age In Reverse (With Examples)
What is the Lindy Effect? According to the Lindy Effect, the older an idea, a technology or a company gets, the longer it will live in the future. It’s aging in reverse. And it’s a useful mental model to understand the world better. Imagine you are in a library. You see hundreds of books one next to…
