In GEICO’s case, as in all of our investments, we look to business performance, not market performance. If we are correct in expectations regarding the business, the market eventually will follow along.
WARREN BUFFETT
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Our Expectations
We, as humans, have a lot of expectations, we expect things to work a certain way, to go well, or not, depending on the circumstances. We create this preconceived notion of how things will or should happen. And these expectations seriously taint our perception of performance. If something fails t...
Expectations are Part of Our Ego
Dropping all expectations isn’t that easy.
We usually do not look at reality as it is, due to it coloured by our beliefs, ideals, fantasies, frustrations, and assumptions. Expectations become part of our ego and becomes the reason we feel discouraged, overwhelmed and inadequate.
The Pygmalion Effect
Greater expectations drive greater performance.
The crux of this psychological phenomenon is the concept of a self-fulfilling prophecy: If you believe something is true of yourself, eventually it will be.
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