Money and Finance
Short excerpt from Seeking Wisdom: From Darwin to Munger by Peter Bevelin:
- The Question Warren Buffett Used To Ask Every Ceo...
From Charlie Munger: The Complete Investor: Munger is a believer in the investment approaches and ideas of Philip Fisher. Fisher was a successful investor based in California who wrote an influential book entitled Common Stocks and Uncommon Profits,...
- Howard Marks Quote
From The Most Important Thing:In investing, as in life, there are very few sure things. Values can evaporate, estimates can be wrong, circumstances can change and “sure things” can fail. However, there are two concepts we can hold to with confidence: •...
- Is Thinking Back In Fashion? – By Lane Wallace
Thinking may be coming back into fashion. Never mind the fact that we have a President known for his intellectually rigorous abilities and habits. But three times in the past couple of weeks, I've encountered business people discussing Aristotle....
- Wired Interview With Barry Schwartz
LONG BEACH, California -- Psychologist Barry Schwartz delivers the final presentation of TED 2009 on Saturday. Wired.com spoke to Schwartz about practical wisdom, moral skill without moral will, and the roles of hope and virtue. Wired: You call practical...
- Bfbv Newsletter - Professor Sanjay Bakshi
If you want to improve your persuasive skills you have to learn how to exploit other people’s availability bias. You already know that people overweigh information which is extra-vivid, recent, and experienced personally than vicariously. First impressions...
Money and Finance
Reason-Respecting...
Short excerpt from Seeking Wisdom: From Darwin to Munger by Peter Bevelin:
People can't be persuaded by what they don't understand. We underestimate the importance of giving people a reason. It is often easier to get people to change with a well-explained reason backed by solid evidence. Tell them so they understand why a specific action is needed, what the expected objective is, and why you think the action is right.Of course, this doesn't work in every case. Sometimes you don't change people's opinions by showering them with logic. In Jonathan Swift's words: "You cannot reason a person out of a position he did not reason himself into in the first place." Aristotle adds: "For argument based on knowledge implies instruction, and there are people whom one cannot instruct." Sometimes it is better to appeal to emotions than to reason since people are more moved by what they feel than by what they understand.
- The Question Warren Buffett Used To Ask Every Ceo...
From Charlie Munger: The Complete Investor: Munger is a believer in the investment approaches and ideas of Philip Fisher. Fisher was a successful investor based in California who wrote an influential book entitled Common Stocks and Uncommon Profits,...
- Howard Marks Quote
From The Most Important Thing:In investing, as in life, there are very few sure things. Values can evaporate, estimates can be wrong, circumstances can change and “sure things” can fail. However, there are two concepts we can hold to with confidence: •...
- Is Thinking Back In Fashion? – By Lane Wallace
Thinking may be coming back into fashion. Never mind the fact that we have a President known for his intellectually rigorous abilities and habits. But three times in the past couple of weeks, I've encountered business people discussing Aristotle....
- Wired Interview With Barry Schwartz
LONG BEACH, California -- Psychologist Barry Schwartz delivers the final presentation of TED 2009 on Saturday. Wired.com spoke to Schwartz about practical wisdom, moral skill without moral will, and the roles of hope and virtue. Wired: You call practical...
- Bfbv Newsletter - Professor Sanjay Bakshi
If you want to improve your persuasive skills you have to learn how to exploit other people’s availability bias. You already know that people overweigh information which is extra-vivid, recent, and experienced personally than vicariously. First impressions...