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Decision Making Process
The decision making process that Dalio, Buffett and Munger use is:
- Make the most rational decisions you can;
- Look for psychological bias that may have interfered with making a rational decision; and
- Expose your hypothesis to very smart people who have a thoughtful contrary view and deeply understand their position.
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“To better avoid errors, you should talk to people who disagree with you and you should talk to people who are not in the same emotional situation you are.”
DANIEL KAHNEMAN
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