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← People and their mental models

Brian Potter's mental models

2 claims Brian Potter made fit 2 mental models. Most often: Margin of safety, Power laws. Everything they said here.

Models they name

Their own words name the idea.

Power laws

In many things a few cases account for most of the result, so the average misleads and the outlier decides.

Others who think with this model

Nassim Nicholas TalebAlbert-László BarabásiBen CarlsonBill GurleyJamie DimonMike Kriegerand 3 more

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Models we see in what they say

Our reading: their claim applies the idea without naming it. The claim is theirs; filing it here is ours.

Margin of safety

Leave room for being wrong, because sometimes you will be.

Others who think with this model

Morgan HouselBill AckmanChamath PalihapitiyaDario AmodeiJamie DimonMatt Kepnesand 3 more

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A contractor's upside on a job is a single-digit margin and the downside is the whole company, and that asymmetry is why construction is conservative.

  1. Brian Potter Structural engineer and writer The upside of any given project is usually a single-digit profit margin. But the downside is “whatever your company is worth” Why It's Hard to Innovate in Constructionconstruction-physics.com · 30 Jun 2021All korrents from this piece
    Their wordsThe upside of any given project is usually a single-digit profit margin. But the downside is “whatever your company is worth”

    ↗Why It's Hard to Innovate in Constructionconstruction-physics.com

    30 Jun 2021