Simple rules and commitments—like not eating before noon, avoiding sugar entirely, or holding stocks for a minimum of 5 years—are powerful commitment devices that reduce willpower drain and behavioral error by eliminating daily decision-making and the temptation to rationalize exceptions.
normativepending
Speaker
William GreenEvidence Quote
“giving yourself a simple rule that you can't break is actually a really helpful thing”
Source
Richer, Wiser, Happier Q1 2023 | What We Learned From Ray Dalio & Charlie Munger (TIP538)— The Investor’s PodcastCreated: 8/10/2026, 11:05:15 PM
My Notes
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