A good book (by MikeA [TX]) May 14, 2025 11:54 PM
A good book (by NE [PA]) May 15, 2025 4:47 AM
A good book (by Ray-N-Pa [PA]) May 15, 2025 6:40 AM
A good book (by plenty [MO]) May 15, 2025 9:25 AM
A good book (by MikeA [TX]) May 15, 2025 10:12 AM
A good book (by 6x6 [TN]) May 15, 2025 10:54 AM
A good book (by Bonanza [NC]) May 15, 2025 11:35 PM
A good book (by Rick [IN]) May 16, 2025 5:25 AM
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A good book (by MikeA [TX]) Posted on: May 14, 2025 11:54 PM Message:
I'm in the midst of reading a book written by a Jewish author that attempts to explain the mental processes for why statistically, Jews have gained more wealth than others they interact with for millenia. It's called "Thou Shalt Prosper" Its been an interesting read so far and there are some really down to earth concepts. For example, having grown up in the 1960's, society taught that you needed to have high self esteem, that has only become more prevalent over time. I never thought about the negative side of it. Here's an excerpt from the book on this topic. This is just one of the many things that he uses to describe the success of the Jewish businessman, I find it very relevant to the business of being a Landlord. If you are a reader, this is one to add to the list.
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self esteem, which is a meaningless nostrum foisted on people by the feel good movement. Of all groups in the United States, convicted murderers are said to have the highest levels of self esteem. This makes sense when you think about it. To kill someone else, you must think quite a lot of yourself. Professor Roy Baumeister of Case Western Reserve University found that people with high self esteem tend to have low self-control.
Those who want to succeed must concentrate on self respect and the esteem of others rather than on self esteem.
To illustrate this idea, consider the findings of a landmark report published in 1993 by the National Commission on Excellence in Education, called A Nation At Risk. It cited, among other problems, poor math performance by U.S. students. Along with an earlier 1989 international comparison of math skills, it showed U.S. students scoring at the bottom and South Korean students scoring at the top. Former Secretary of Education William J. Bennett said, “Ironically, when asked if they are good at math, 68 percent of U.S. students thought they were very good (the highest percentage of any country), compared to 23 percent of South Korean students (the lowest percentage of any country), which demonstrates that this country is a lot better at teaching self esteem than it is at teaching math.”
Obviously, self esteem is what you try to gain when you haven’t achieved anything and thus don’t deserve any self respect. By achieving something, you earn the esteem of others and thus gain self respect, too. Recent research establishes that while self esteem among U.S. youth has been on the rise for the past 30 years, accomplishment and responsible decision making have been on the decline. --209.205.xxx.xx |
A good book (by NE [PA]) Posted on: May 15, 2025 4:47 AM Message:
Is this the one Dave Ramsey referenced? --24.152.xxx.xx |
A good book (by Ray-N-Pa [PA]) Posted on: May 15, 2025 6:40 AM Message:
Thank you for the nugget, Mike.
It is so simple easy to call the other person an idiot if they don't do as we would like. The truth might be that the directions that were given are not as clear as we might think.
I know I get frustrated by this.
Perhaps we might need to stop and think about what we can improve in ourselves that might help others. --67.140.xx.xxx |
A good book (by plenty [MO]) Posted on: May 15, 2025 9:25 AM Message:
Interesting. Sounds like a good read , looking forward to more tidbit you discover. --172.59.xxx.xxx |
A good book (by MikeA [TX]) Posted on: May 15, 2025 10:12 AM Message:
NE, yes. Dave uses a quote from this book in his Financial Peace videos. I've had it on the list for a while but just got started this week. I'm only about 1/3 the way through it but there is a lot of good wisdom so far. In fact, from the book I have added a couple of topics to dig further into. --209.205.xxx.xx |
A good book (by 6x6 [TN]) Posted on: May 15, 2025 10:54 AM Message:
Thanks, MikeA --73.19.xxx.xx |
A good book (by Bonanza [NC]) Posted on: May 15, 2025 11:35 PM Message:
The Dunning Kruger Effect - from wikipedia
The Dunning–Kruger effect is defined as the tendency of people with low ability in a specific area to give overly positive assessments of this ability.[2][3][4] This is often seen as a cognitive bias, i.e. as a systematic tendency to engage in erroneous forms of thinking and judging.[5][6][7] In the case of the Dunning–Kruger effect, this applies mainly to people with low skill in a specific area trying to evaluate their competence within this area. The systematic error concerns their tendency to greatly overestimate their competence, i.e. to see themselves as more skilled than they are.[5]
The Dunning–Kruger effect is usually defined specifically for the self-assessments of people with a low level of competence.[8][5][9] But some theorists do not restrict it to the bias of people with low skill, also discussing the reverse effect, i.e., the tendency of highly skilled people to underestimate their abilities relative to the abilities of others.[2][4][9] In this case, the source of the error may not be the self-assessment of one's skills, but an overly positive assessment of the skills of others.[2] This phenomenon can be understood as a form of the false-consensus effect, i.e., the tendency to "overestimate the extent to which other people share one's beliefs, attitudes, and behaviours".[10][2][9] --65.188.xxx.xxx |
A good book (by Rick [IN]) Posted on: May 16, 2025 5:25 AM Message:
In other words, politicians, especially democrats. --75.104.xx.xx |
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