Learn more about moneyandinvestments with this collection
How to beat procrastination
How to enhance your creative thinking
How to create a smooth transition in a new endeavor
Success and crisis
Success in “normal” circumstances does not mean that you will succeed in a crisis since, in a crisis, the rules change. However, it can make you feel confident and make you highly vulnerable to the next crisis.
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Drawing up your own tests
Your own incentives may support an illusion of control. If you draw up your own worst-case scenarios, you will always pass, but as a result, you will develop blind spots.
Encourage innovation in risk models to increase diversification and decrease risk.
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Abandon the illusion of control
The illusion of control can be adaptive, in the sense that it encourages a focus on problem-solving behaviors as opposed to an emotional response.
Producing your best-informed guesswork prevents the anticipation in stress testing. However, there will always be some things you cannot comple...
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The illusion of control
Stress testing is a standard technique used to test how someone will perform in the "worst-case" scenario. The problem is that the "worst-case" scenario is subjective, causing an illusion of control.
- It can make a person overconfident in themselves, believing that they have compl...
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Stress tests
Stress tests cannot be improved. History is a much better predictor than a stress test. But even history requires a model to interpret it.
We always have a preconception of cause and effect, and therefore some prejudice for how to interpret the data. That does not mean that we shoul...
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Life is like facebook. People will like your problems & comment, but no one will solve them because everyone`s busy updating theirs.
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Team Success
Even with the greatest amount of talent possible, you can’t guarantee success for a team. But there are things you can do to increase the probability of success, and a great leader intelligently and ruthlessly seeks out solutions to increase that probability. And when you do, the score will take ...
Crisis times and audits
Conducting a well managed audit, especially when dealing with a crisis, is of significant importance. It does not only enable you to get to know better your team, but it also helps you to reorganize the priorities and focus on what is urgent.
Success And Existential Distress
Our definitions of success are made up and largely motivated by our emotional dysfunctions. Most people work towards the formula of success, striving for money, prestige and power, running towards a goal that keeps getting farther away. They get super exhausted and may experience a breakdown when...
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