The intellegent investor is a who realist to sells to optimists and buy from pessimists.
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How to break bad habits
How habits are formed
The importance of consistency
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The Three P’s
The three cognitive distortions (3P’s) that need to be changed:
- Personalization: Optimists tend to externalize any failure, rather than taking it personally or blaming themselves.
- Pervasiveness: While pessimists tend to close the doors after...
Identifying problems
Optimists tend to avoid difficult conversations and this could lead them to miss the opportunity of addressing critical issues.
Pessimists inherently look for the problems more than the solutions. Pessimists are the ones who will see a problem and won't hesitate to share it with you...
Unprepared for the downside
Optimists often fail to have a Plan B because they believe they can control all the elements within Plan A.
Pessimists can alert a team regarding the risks that would require a Plan B.
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