Developer Tea Jonathan Cutrell

The "lollapalooza" effect (coined by Charlie Munger) occurs when multiple other effects have a compounded outcome that tends to create an extreme situation.

In this episode, we discuss lollapalooza effects and how you might fall victim to them, and more importantly, how you can use them to your advantage.

When you are newly joining a team, you have a huge opportunity to do something that no one on the team has: to find your "weathervane." The pressure pushing against you to adopt the beliefs of the team you are joining. What you do with it is one huge way a team can improve, or otherwise, stay the same.

Most people believe good things will happen by default.

Not to be the bearer of bad news, but there's a downside to this endless optimism. You cannot will good things to happen, and when you don't prepare for adverse events, you won't be ready when they inevitably occur.

Your team's process for managing a backlog is probably growing stale because you are running on habit rather than procedure.
Break out of procedure and remind yourself why you have a process to begin with: orient yourself to the outcomes!

What is it about our present situation that changes our perspective? In today's episode we talk about the availability bias and why our present reality looms so large in our decisionmaking.

What do you expect of yourself? Are you spending your time in ways that align with those expectations?

In this episode, I provide you a simple framework as a starting lens for getting a better idea of how you are spending your time in relation to who cares the most about those investments. You'll walk away with a new lens on how to evaluate your most precious resource: time.