Executive Coach, Lifelong learner, Dad, Bass player, Outdoor Enthusiast, Former Apple Worldwide Director of Finance.
[DSD] How not to be stupid
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Would you rather be smart all the time, or avoid being stupid? This thought arose when thinking about investing. You can do just as well — or better — by avoiding times when the stock market falls Compared to matching or beating the market when it rises. The less your investments drop in value, the less you have to make up when the market rises. The same concept applies to decision-making. If you avoid making bad decisions, your good decisions don’t have to be quite as good. I’m not advocating risk aversion, to be clear. In fact, many of the bad decisions you can avoid are risk-averse-driven decisions. There are 7 known factors that make you stupid (reducing your decision quality). They include stress, time pressure, and the presence of an authority figure. These factors drive you to make decisions from your “fight or flight” mindset, and You don’t make your best decisions when in a fear-based mindset. This week’s podcast dives deep into all 7 factors, and You get 3 simple steps to make consistently better decisions. Listen now, and make better decisions — about your time, focus, and team — all week. To clear-minded decisions, P.S. Don’t have 20 minutes for the podcast? Read the article. |
Rusty Gaillard
Executive Coach, Lifelong learner, Dad, Bass player, Outdoor Enthusiast, Former Apple Worldwide Director of Finance.
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