Sunday Wisdom No. 29
Most common logical fallacies—on perfection—why you must act now—this too shall pass—1918 and India's corona war—how to stop an outbreak—a little alarm every now and then—explaining capitalism to kids
What a week! I’m hoping that you and your loved ones are all safe. My heart goes out to the millions of people adversely affected by the virus, and the business and school closures.
Meanwhile, here’s your weekly dose of multidisciplinary reading to upgrade your thinking and decision making. If you’re seeing this newsletter for the first time, you can subscribe here.
📝 What I Wrote
In the last two editions of Sunday Wisdom, I talked about thinking in bets and the two categories of random events. Today I’m going to talk about 25 logical fallacies that will help you become better at debates and meetings.
25 Common Logical Fallacies That Sway You From Winning Arguments
People knowingly and unknowingly engage in bad reasoning—especially in meetings and arguments. Using bad logic and fallacious reasoning, one can easily create a strong case that looks accurate and unbeatable, when in fact, it’s just a trick i.e., the logic of the argument is fallacious.
A precursor to effective persuasion is taking down your opponent’s logic by finding flaws in their claims while also dodging their attacks. Here’s a list of 25 most common logical fallacies that would help you arm yourself against false arguments disguised to look good.
As a fun exercise, you can use this list to assess politicians, business leaders, and activists when they give interviews or take part in debates.
💡 An Idea For You
If you’re looking for perfect investment; you’ll never be able to invest.
If you’re looking for perfect spouse; you’ll never get married.
If you’re looking for perfect job; you’ve to remain unemployed.
If you’re looking for perfect life; you’ll never enjoy living.
📑 I Enjoyed Reading
As expected, the following reads are COVID-19 heavy.
Coronavirus: Why You Must Act Now — This is one of the most comprehensive reads on the virus, with lots of charts, data and models with plenty of sources. “The coronavirus is coming to you. It’s coming at an exponential speed: gradually, and then suddenly. It’s a matter of days. Maybe a week or two. When it does, your healthcare system will be overwhelmed. Your fellow citizens will be treated in the hallways. Exhausted healthcare workers will break down. Some will die. They will have to decide which patient gets the oxygen and which one dies. The only way to prevent this is social distancing today. Not tomorrow. Today. That means keeping as many people home as possible, starting now.”
We’ll Get Through This — “Let me offer some advice, echoing Benjamin Roth’s lessons from 90 years ago: We’ll get through this. It won’t be easy, and for some it will be agonising. But no one should be surprised when a market economy that offers so many benefits occasionally asks something in return.”
Why 1918 Matters in India’s Corona War — “Over a century ago, Spanish flu all but destroyed the Indian economy. What can we learn from those experiences? 1918 experience matters because it was the last major pandemic that spread rapidly within India, showing what happens when an unprepared country comes in the way of a virulent pandemic.”
How to Stop an Outbreak — “Instead of thinking about individuals we have to think about communities as being infected and that enables us to stop the outbreak.”
🤔 Worth Thinking About
A little alarm now and then keeps life from stagnation.
— Fanny Burney
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