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← People and their mental models

Nick Maggiulli's mental models

2 claims Nick Maggiulli made fit 2 mental models. Most often: Margin of safety, Trade-offs. Everything they said here.

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.

Used by 25 others

Nobody should take on a concentrated, illiquid asset that is correlated with their main source of income, because that same risk is why outsized rewards exist in the first place.

  1. Nick Maggiulli Writer of the personal-finance blog Of Dollars And Data… I'd never recommend that someone take on a concentrated, illiquid asset that is correlated with their main source of income, but then again, that's why these outsized rewards exist in the first place. Is Startup Equity a Bad Deal?ofdollarsanddata.com · 22 Sept 2026All korrents from this piece
    I'd never recommend that someone take on a concentrated, illiquid asset that is correlated with their main source of income, but then again, that's why these outsized rewards exist in the first place.

Trade-offs

Every choice gives something up, so name the cost; and check, because some trade-offs everyone assumes are not real.

Used by 60 others

Every year spent keeping your options open is a year not spent on whatever you eventually commit to.

  1. Nick Maggiulli Writer of the personal-finance blog Of Dollars And Data… Every year you spend with options is another year you don’t spend on the thing you eventually commit to. The Problem with Optionalityofdollarsanddata.com · 28 Jul 2026All korrents from this piece
    Every year you spend with options is another year you don’t spend on the thing you eventually commit to.