Belief Systems

You cannot outperform your belief systems. Belief systems are so deeply ingrained into us that they influence our behavior at a sub conscious level. Which is why they are so difficult to change, if you do not even consciously know where your deep-rooted preferences come from, how can you change them? We can see many…

Innumeracy

We are educated but we aren’t necessarily numerate. Innumeracy plagues many of our decisions and renders many of them sub optimal; not necessarily bad but sub optimal. We tend to ignore base rates and believe that statistics do not apply to our lives. Our hind brains constantly tell us that our specific situation is unique,…

The Power of NEXT

You are as good as the options you have.  One can have a high level of competence but unless one has options, it is difficult to be confident and assertive. When is your ability to negotiate the terms of your employment higher? When you are still interviewing or after you are already an employee? When…

Behavioral Sciences

Investors are rational beings who behave in a manner as to maximize their utility.  Investors have access to information and take into account all relevant information before making a decision It is not difficult to see why portfolio theory goes for a toss once in a while, these harmless and logical assumptions about people and…