Category: Decision Making

Manage The Baseline


In baseball, if you are a runner and run outside the baseline, you are out. Same thing when you are selling things. The baseline matters. There is a principal in psychology that asserts that people make decisions by comparing to some preexisting standard. The… Continue Reading “Manage The Baseline”

Coachable


Since my post on May 2nd, I have thought of another “C” criterion for evaluating potential employees.  See What Employers Want   Now I have 11 such criteria and that again seems wrong.  Feel free to offer more. 25 years ago I phoned my friend,… Continue Reading “Coachable”

The Rule of 72


The rule of 72 is an arithmetic trick that helps you understand compound growth.  It will not make you intuitive but it will help you to understand when to look deeper. Here’s how it works.  The time until money doubles under a constant rate… Continue Reading “The Rule of 72”

Stress And Responses To It


Decision making under stress is a losing activity so avoid re-organizing your financial affairs when you are stressed. The decision is important and can affect a long time. Stress puts too much emphasis on immediate factors. Giora Keinan in a 1987 article (Journal of… Continue Reading “Stress And Responses To It”

Dealing With An Eviction


In Genesis, Adam and Eve made a blunder and God expelled them from the garden. Since then, people have tried to reconcile this tragedy with their needs for better future outcomes. This has led to several large-scale societal movements. Religion: Find a way to… Continue Reading “Dealing With An Eviction”

Four Option Eight


When I was young, I was a semi-competent golfer but I had two serious mental flaws and it took me a long time to get over them.  “All or nothing” and “That is not a mistake that is a challenge.”  I am in remission on… Continue Reading “Four Option Eight”

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