From Daniel Kahneman's "Thinking, Fast and Slow" Beware of the Narrative Fallacy! "Taleb introduced the notion of a narrative fallacy to describe how flawed stories of the past shape our views of the world and our expectations for the future." (p. 199)"Narrative...
Andy
The Psychology of Money by Morgan Housel
From Amazon's Description: "Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money—investing, personal finance, and business decisions—is typically taught as a...
The Psychology of Money (Chapter 11-20)
From Morgan Housel's "The Psychology of Money" Chapter 11. "Reasonable Rational" "Aiming to be mostly reasonable works better than trying to be coldly rational.""Do not aim to be coldly rational when making financial decisions. Aim to just be pretty reasonable....
I will Teach you to be Rich by Ramit Sethi
The Psychology of Money (Chapter 1-10.)
From Morgan Housel's "The Psychology of Money" Chapter 1. "No One's Crazy" "Here’s the thing: People from different generations, raised by different parents who earned different incomes and held different values, in different parts of the world, born into different...
The Totalitarian Ego wants you to Fight or Flight.
From Adam Grant's "Think Again" When your Beliefs are Challenged, You Will Want to Fight or Flight. "Neuroscientists find that when our core beliefs are challenged, it can trigger the amygdala, the primitive “lizard brain” that breezes right past cool rationality and...
You’re About to Make a Terrible Mistake! by Olivier Sibony
From Amazon's Description "We all make decisions all the time. It's so natural that we hardly stop to think about it. Yet even the smartest and most experienced among us make frequent and predictable errors. So, what makes a good decision? Should we trust our...
Why you need a challenge network
From Adam Grant's "Think Again" Why You Need a Challenge Network. "My favorite bias is the “I’m not biased” bias, in which people believe they’re more objective than others. It turns out that smart people are more likely to fall into this trap. The brighter you are,...
Inside View vs Outside View
From Daniel Kahneman's "Thinking Fast and Slow" When people make predictions, they often make them without consulting Base Rates or the "Outside View". This is an illusion. You must use the Outside View when making predictions. “There are two ideas to keep in mind...
How to build Psychological Safety
From Adam Grant's "Think Again" What is Psychological Safety? It’s fostering a climate of respect, trust, and openness in which people can raise concerns and suggestions without fear of reprisal. It’s the foundation of a learning culture." (p. 209)"When I was involved...