Life is unpredictable. And that’s okay. Embrace it. When nothing is certain, everything is possible! Your plans for tomorrow, next month or next year may not unfold as you expect. But it’s important to make plans and move on. Landon Donovan once said, “Life isn’t perfect, of course, but we all know it’s how you…
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The outcome bias erodes your sense of risk and makes you blind to error, explaining everything from fatal plane crashes to the Columbia crash and the Deepwater Horizon oil spill. More here – BBC
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Peter Rahal, the 33-year-old energy bar impresario who sold RxBar to Kellogg for $600 million and became something of a consumer products legend in the process, stands in the gigantic, spotless kitchen of his new Miami Beach mansion. Behind him, floor-to-ceiling windows revealed his pool, his outdoor bar, and Sunset Harbour. Throughout the house are…
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I got flicked an article from a few weeks ago from the AFR that was titled Brace for 5pc super fund returns and the cynic in me instantly assumed that the majority of funds were going to lift their returns to 5%. For some, this would mean doubling their long term rate of return which…
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My dream was to write one book. A real, published book. For years, that was my vision of success. It took a long apprenticeship, but it happened. I sold my first book at age 25. And then, almost immediately, it became clear in my mind that — you know what? — real success is writing a bestselling book. Before…
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Recently I had an early morning chat with William Hathaway from Bull Bear Traders One of the interesting things about trading is the number of universal principles that underly successful trading. At first glance it may appear that trading US stock intraday is very different from trading commodities and indices from Melbourne. But as William…
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Every organization, whether small or big, early or late stage — and every individual, whether for themselves or others — makes countless decisions every day, under conditions of uncertainty. The question is, are we allowing that uncertainty to bubble to the surface, and if so, how much and when? Where does consensus, transparency, forecasting, backcasting,…
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Reporting their findings in The Journal of Social Psychology Robin Kowalski and Annie McCord at Clemson University have done just that in two surveys of hundreds of participants on Amazon’s Mechanical Turk website. Their findings show that people’s advice to their younger selves is overwhelmingly focused on prior relationships, educational opportunities and personal worth, echoing similar results…
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