Recency Bias- Effect On Decision Making.
Recency Bias refers to a phenomenon where a person gives more emphasis on the events that have happened recently, as compared to remembering something that may have occurred a while back or ignoring the...
Luck By Chance Or Luck By Design !
There can be an alternate title also for this – “Success by Luck or Success by Design”
Luck can be a very complex & emotional topic especially if someone considers himself not-so-lucky, hence let’s try...
Selective Attention & Its Dangers !
We all notice that when we decide to buy (or after we buy) a particular brand of car, we start noticing several cars of the same brand/model on the road, higher than what we...
People Don’t Change Unless ?
"In a sense ,we're homesick of our true nature"-Mingyur Rinpoche
There's a famous fable of a frog and a scorpion.
It goes like this :
A scorpion, who could not swim, asked a frog to carry it...
If You Like An Outcome, Focus On Process !
Many a times we see these titles or people in these positions -our first natural reaction is to be either we get into an admiration mode or just give credit of their success to...
How To Get Rich Without Being Lucky !
Naval Ravikant , the famous angel investor ,had a very insightful tweet-storm on this topic.
Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we...
Who become Iconoclasts ?
Historically speaking,iconoclasm is a social belief in destruction of old icons and monuments.
In later days , it was linked to those individuals who challenged cherished beliefs or established institutions on the grounds that...
High Agency ,Low Agency People.
When Hanibal, one of the greatest commanders of history was told that crossing the Alps was impossible, he responded,'Aut inveniam viam aut faciam" (I shall either find a way or make one).
This is how...
Sticking With Circle Of Competence .
This is a mental model developed and popularized by Warren Buffet & Charlie Munger.
In simple terms, a circle of competence can be defined as an area that matches a person's skills, aptitude or expertise.
Buffett...
Inversion -Thinking Backwards
We generally think about and solve problems by thinking in a forward way
Example:
How do I lose weight?
How do I get more customers?
How do I succeed in my career?
Try to think about these in a...