The Reading Room
Published: 2018, Random House Business
James Clear’s book Atomic Habits overriding theme is the concept that even one minor change, practiced daily, can lead to drastic changes in peoples’ lifestyles. He explains how while some habits may be as minuscule as an atom, the accumulation of these atomic habits can bring a notable change in one’s lives.
The book provides a detailed methodology to build good habits and break bad ones and introduces four laws to achieve the above- Make it obvious (Cue), Make it attractive (craving), Make it easy (response) and make it satisfying (reward). He introduces the cue, craving, response, and reward matrix which is the backbone of atomic habits and the path to build good and break bad habits. In short, cue triggers craving, which motivates a response, which provides a reward, which satisfies the craving and becomes associated with the cue.
1st Law- Make it obvious (Cue) – Every habit is initiated by a cue. We are more likely to notice cues that stand out. Make the cues of good habits obvious in your environment. Gradually, your habits become associated not with a single trigger but with the entire context surrounding the behaviour. The context becomes the cue.
2nd Law- Make it attractive (craving) – The more attractive an opportunity is, the more likely it is to become habit-forming. Habits are a dopamine- driven feedback loop. When dopamine rises, so does our motivation to act. It is the anticipation of a reward- not the fulfilment of it- that gets us to act. The greater the anticipation, the greater the dopamine spike and chance of us making a good habit. And contra to this, highlight the benefits of avoiding a bad habit to make it unattractive.
3rd Law- Make it easy (response) – Human behaviour follows the Law of Least Effort. We will naturally gravitate toward the option that requires the least amount of work. Create an environment where doing the right thing is as easy as possible. Reduce the friction associated with good behaviours and vice versa for bad. When frictions are less habits are easy to develop.
4th Law- Make it satisfying (reward) – We are more likely to repeat a behaviour when the experience is satisfying. The human brain evolved to prioritize immediate rewards over delayed rewards. The Cardinal rule of Behaviour Change: What is immediately rewarded is repeated. What is immediately punished is avoided. The first three laws of behaviour change – make it obvious, make it attractive and make it easy- increase the odds that a behaviour will be performed this time. The fourth law increases the odds that a behaviour will be repeated next time.
The author concludes with the Greek parable known as Sorites Paradox. If you give a person a pile of ten coins, you would not claim that he or she is rich. But what if you add another? And another? Similarly, can one tiny change transform your life? But what if we add another? And another? Each improvement is like a adding a grain of sand to the positive side of the scale, slowly tilting things in our favour. If we stick to this, we are hitting a tipping point and are likely stick with good habits.
The book makes for a fantastic read, with not just numerous examples of people who made small changes to achieve big in life, but an easy to follow four laws to transform our lives. To breaking bad and building good! Cheers
The information contained above and in other entries in the Ocean Dial Book Review Series is intended for general information and entertainment purposes only, and should not be relied upon in making, or refraining from making, any investment decisions. No information provided herein should or can be taken to constitute any form of advice or recommendation as to the merits of any investment decision. You should take independent advice from a suitably qualified investment adviser before making any investment decisions.
Africa Is Not A Country: Breaking Stereotypes of Modern Africa
Published: 2022, Vintage Publishing
Brimming with humour and intellect, Faloyin’s fascinating volume mines the rich and varied span of histories and cultures of the continent’s many countries, delivering a punchy corrective against lazy sterotypes of Africa.
Chums: How a Tiny Caste of Oxford Tories Took Over the UK
Published: Published: 2022, Profile Books
The lack of academic effort generally put in by Oxford undergraduates is an important theme running through this book, penned by Financial Times columnist Kuper. It links this work-shy attitude to the centuries’ old dominance of Oxford by the top English public schools spawning “top tory toffs with a born to rule attitude”.
What I Learned Losing a Million Dollars
Published: 2013, Columbia Business School Publishing
Jim Paul’s meteoric rise took him from a small town to governor of the Chicago Mercantile Exchange, yet he lost it all in one fatal attack of excessive economic hubris. In this honest, frank analysis, Paul and Moynihan revisit the events and examine the psychological factors behind bad financial practices in several economic sectors.