Learn more about moneyandinvestments with this collection
How to create a productive environment
The importance of self-care in productivity
How to avoid distractions
Expand Your Mind
When we hear different perspectives, stories and experiences, we temporarily get out of our ‘mental model’ and become humbled, as we realize that our worldview was just a tiny fraction of all the other views.
People have different, varied motivations and can make decisions that may look crazy to us as we haven’t taken the same life journey as they have. This can apply to investment decisions as well as the career choices that people make.
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MORE IDEAS ON THIS
Action Mode
People can be influenced by lived experiences and this has the capacity to guide their future decisions, as opposed to merely learning about something.
Example: If we hear about a young girl killed by a drunk driver, we feel bad, but hardly do anything about it. But If we are a parent o...
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Blind Spots
In the world of investing, having gone through a traumatic experience first-hand makes the difference between a cautious investor and a blind one. The scarred investor cannot think in the way the fresher, who hasn’t experienced the turmoil can.
Our unique experiences impact our vision i...
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Seeing Isn’t Believing
Most of us have heard stories of hardships and catastrophic events of the past, like the great depression, or the dot-com bust, but haven’t lived through it, and not experienced the real pain of the disaster.
Hearing stories about something that happened in the past isn’t enough to trul...
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Learning From The Past
Different generations have different investment risk appetites, with the younger generation wanting to take bigger risks and going into uncharted waters without any experience.
The New Generation, who hasn’t experienced turmoil and loss, are good at getting rich. However, the older, scarre...
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The World In Our Minds
Each of us has a mental world in our minds, constructed by our thoughts, beliefs, education, and experiences. We have developed a coherent story around our chaotic and unpredictable world, and that becomes our mental model.
Different people will come to different conclusions even when p...
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Moral psychology
Moral psychology is the study of how we process moral ideas, how we become moral beings, and how our brains handle moral issues. We can use a four-category framework to understand how people make moral judgements. These are: Evaluations, ...
The power of ideas as a starting point
Learning ideas are useful to a point. To make a general idea useful, some key obstacles need to be overcome:
- We need to notice the idea in other contexts. Research found that people tend not to apply patterns they learn to different domains unless prompted.
- ...
7 Things You Need To Understand About Anxiety And Depression
No, we are not over yet. After discussing the topic with my friend’s Dad (he is a doctor), I’ve made a list of things you need to understand and avoid anxiety attacks (hard to breathe moments).
- Think of your anxiety as a biological problem, rather than thinking there is something wron...
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