r put some more money into it to justify the million I already spent. That's how artists think. Economists say that million's gone. It's just gone. I have a new decision today about whether my new hundred thousand should go in or not but it has nothing to do with the money I've already spent. So that's a very tiny little adjustment in how they see the world. The economists versus the artists. So the "Loserthink" book will be a deeper dive into concepts like that. Things that are real easy to learn like sunk costs but if you haven't been exposed to them at least once you wouldn't know that that was something you needed to consider. Alright you're gonna like that book by the way. That'll be out around in November. You can pre-order it now.

Alright I love the fact that only a few members of Congress have read the Mueller report. What does that tell you about the world? Now I always tell you that you should check your filter on the world against your observation. So if you believe the world is a certain way but you observe things are not going the way your view of the world predicts well maybe then you should consider a new filter on the world. My filter on the world as you know is that people don't use facts to make decisions. Now in the specific context of say finance or if you're doing accounting or if you're doing a scientific experiment then facts matter of course. But in our normal life we're not doing science. You know I didn't do any science today. You probably didn't either. But we make lots of decisions in lots of irrational ways and the facts don't really influence us so much. The Mueller report shows that as clearly as anything could show you. We were all waiting for the Mueller report because we thought the facts would change how we feel about stuff. I never believed that to be the case. My filter on the world is that it didn't matter how many facts were in the Mueller report. Had it said that the president was totally guilty the Republicans would have said I don't see it. I'm reading the report. I don't see any guilt in there. Had the report said that he was completely exonerated you know that the Democrats would say I don't see an exoneration there. I'm reading the same report you are. Now as luck would have it Mueller was ambiguous enough that it was easy in this case to take whatever opinion you wanted. "Oh yeah he totally made the case for impeachment," says Justin Amash. Republicans say I'm looking at the same thing. I don't see any justification for impeachment in there. So if you expected that the Mueller report would have facts and that the facts would change people's opinion you were in a different movie than I was. In my movie there was never a chance that the facts would change anybody's opinion. Now you could imagine that there would be some kind of fact that would take it so far it would change your opinion. In other words like a real smoking gun or even more than a smoking gun, a videotape of a crime. You know you could imagine some extreme where the facts would actually change people's opinions but it wasn't likely that we were gonna see that. I mean we would have seen that coming ahead of time. It would have been leaked or something. So within the range of what this Mueller report was likely to be you should have predicted from the start that it wouldn't change any minds. If you were predicting it would change minds make a mental note that your filter on the world did not match reality. Make another note that my filter on reality, the facts don't change opinions, was correct. So much so that most of the politicians who deeply care about this biggest question in the world didn't even bother to read it. And the people who could see the unredacted versions largely didn't even bother going to look. Nobody really cared about the facts. So just keep a note that that point of view succeeded this time in predicting again.

Alright I think I have a question about social media so maybe you can. So this is a qu