Disasters are usually a good time to re-examine what we've done so far, what mistakes we've made, and what improvements should come next.

People are irrational - and predictably so.

Disasters are usually a good time to re-examine what we've done so far, what mistakes we've made, and what improvements should come next.

It is very difficult to make really big, important, life-changing decisions because we are all susceptible to a formidable array of decision biases. There are more of them than we realize, and they come to visit us more often than we like to admit.

Rainy day savings are incredibly important, because from time to time, bad things happen. And if you're not prepared for that, it's going to be really terrible.

Kids don't care what party they have, right? They want cake and they want to run around. Nothing else matters. But in this escalation, all the kids want parties like their friends. So, if all the friends have an amazing, expensive party, they all want the same thing. If we all got to scale down as a coordinated effort, all the kids would have been just as happy.

Motivation, basically getting people to be happy at work, everybody - everybody benefits.