ChristianKl comments on Link: The Cook and the Chef: Musk's Secret Sauce - Wait But Why - Less Wrong Discussion
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Small nitpick: I think the reason self-help has little effect is that most people don't apply it, not that they apply it and nothing happens.
I think a sizeable portion of people do things like daily affirmations. But even for applied self help there are often effects but the effect are neither that the person ends up as a billionaires or homeless.