This shows up as a failure to check facts, take the initiative, confirm assumptions, or gather additional input. Basically, such people are perceived to be sloppy in their work and unwilling to put themselves out. They rely on past experience and expected results simply to be an extrapolation of the past.

Habits That Make You A Bad Decision-Maker: Laziness

It is discouraging to consistently consider the possibility of negative events in our lives, so most people assume the worst will not happen. Unfortunately, bad things happen fairly often. People die, get divorced, and have accidents. Markets crash, house prices go down, and friends are unreliable. There is excellent research demonstrating that if people just take the time to consider what might go wrong, they are actually very good at anticipating problems. But many people just get so excited about a decision they are making that they never take the time to do that simple due diligence.

Not Anticipating Unexpected Events

When faced with a complex decision that will be based on constantly changing data, it’s easy to continue to study the data, ask for one more report, or perform yet one more analysis before a decision gets made. When the reports and the analysis take much longer than expected, poor decision makers delay, and the opportunity is missed. It takes courage to look at the data, consider the consequences responsibly, and then move forward. Oftentimes indecision is worse than making the wrong decision. Those most paralyzed by fear are the ones who believe that one mistake will ruin their careers and so<warningtag> avoid any risk at all.</warningtag>

Habits That Make You A Bad Decision-Maker: Indecisiveness

Some people make poor decisions because they’re using the same old data or processes they always have. Such people get used to approaches that worked in the past and tend not to look for approaches that will work better. Better the devil they know. But, too often, when a decision is destined to go wrong, it’s because the old process is based on assumptions that are no longer true. Poor decision-makers fail to keep those base assumptions in mind when applying the tried and true.

Habits That Make You A Bad Decision-Maker: Remaining Locked In The Past

Bad decisions sometimes stem from a failure to connect the problem to the overall strategy. In the absence of a clear strategy that provides context, many solutions appear to make sense. When tightly linked to a clear strategy, better solutions quickly begin to rise to the top.

Having No Strategic Alignment

Some decisions are never made because one person is waiting for another, who in turn is waiting for someone else’s decision or input.
Effective decision-makers find a way to act independently when necessary.

Habits That Make You A Bad Decision-Maker: Over-Dependence

Research on effective decision-making recognizes that involving others with relevant knowledge, experience, and expertise improves the quality of the decision. Sometimes people lack the necessary networking skills to access the right information. Other times, people do not involve others because they want credit for a decision. Unfortunately, they get to take the blame for the bad decisions, as well.

Habits That Make You A Bad Decision-Maker: Isolation

Organizations today are very complex, and even the best leaders do not have enough technical depth to fully understand multifaceted issues. But when decision-makers rely on others’ knowledge and expertise without any perspective of their own, they have a difficult time integrating that information to make effective decisions. And when they lack even basic knowledge and expertise, they have no way to tell if a decision is brilliant or terrible.

Lack Of Technical Depth

Some good decisions become bad decisions because people don’t understand – or even know about — them. Communicating a decision, its rationale and its implications is critical to the successful implementation of a decision.

Failure To Communicate The What, Where, When, And How Associated With Their Decisions

A good decision-maker chooses actions that give the best outcome for themselves and others. Here's how to become one.

Understand yourself and those around you.

psychology

Psychology

personaldevelopment

Personal Development

health

Health

problemsolving

Problem Solving

leadershipandmanagement

Leadership & Management

How To Become a Better Decision-Maker

habits

Habits

9 Habits That Lead to Terrible Decisions

9 Habits That Make You A Terrible Decision-Maker

A good decision-maker chooses actions that give the best outcome for themselves and others. They enter into the decision-making process with an open mind and do not let their own biases sway them. They make decisions rationally, after researching alternatives and understanding the consequences.Good decision-makers involve others when appropriate and use knowledge, data, and opinions to shape their final decisions. They know why they chose a particular choice over another. They are confident in their decisions and rarely hesitate after reaching conclusions.

What is a good decision-maker?

Some of the personality traits that may impact your decision-making are:<ul><li>Overconfidence: This is a common trait that can compromise decision-making. Many people overestimate their performance and knowledge.</li><li>Risk-taking or risk-averse: Natural risk-takers can make decisions without thoroughly considering the dangers, while people who are warier of risks may prefer making safe decisions. </li><li>Natural bias: Everyone has biases and concerns that can impact decision-making. Perhaps you have made assumptions about certain people in your professional or personal sphere. You may feel fearful of certain situa<warningtag>tions, like public speaking at meetings or flying for business trips. </warningtag></li></ul>

Consider your personality traits and characteristics

The decisions you make should help you or your company achieve goals. Identifying your individual and business goals can direct you toward the best choice. When you know what results you want, making decisions can be more straightforward.For example, imagine you are considering whether to gain further qualifications. Identifying your professional goals can help you make the best decision for your future.

Good decision-makers know their goals

Understanding why you are making decisions, what your options are and the impact of selecting each option helps you make more informed and better choices. The most successful decision-makers know when they have collected enough information to make the best decisions. Once they have, they act decisively and move on, confident their choice is the best they could have made.

Good decision-makers collect information

The more alternatives you consider, the more likely you are to make successful decisions. Carefully considering a wide range of potential choices is best. Communicating with others during your decision-making process can offer fresh perspectives that may present alternatives you hadn't considered.

Good decision-makers consider all their options

Imagining what could happen before you act can help guide you toward the best decision. Consider how your decisions would improve your life and the lives of others close to you. This approach can be more effective than making a list of pros and cons, as it recognizes not every benefit or drawback is weighted equally.

Good decision-makers imagine different scenarios

Resisting the urge to draw conclusions and staying open-minded until reaching a final decision can help you to overcome confirmation bias and make better decisions. It is a natural tendency to draw conclusions first, then seek out evidence that supports it. However, this can cause you to overlook important information.

Good decision-makers stay open-minded

Having a variety of choices early in the decision-making process is important, but in time a wide range of choices can be overwhelming and confusing. Eliminating options throughout the decision-making process reduces these feelings. Discount choices when you learn they are not the right selections rather than researching them further. As you narrow your options, you can focus better on each one available and ultimately make the best decision.

Good decision-makers eliminate options before reaching a final decision

<ul><li>The natural tendency to weigh and rank options undermines the concept that sometimes options have relatively equal value. You could research your options for days or weeks and still be unclear about which is a better proposition. </li><li>Understanding this and committing to one option or another is crucial for better decision-making.</li><li>Once you are confident your options are relatively equal, you might use a random decision maker online or a choosing wheel. Only use easy decision-maker tools when you feel all your options are equal since they cannot substitute your own knowledge.</li></ul>

Good decision-makers understand some options have equal value

Rushed decisions are rarely the best decisions. When someone makes decisions too quickly, they are often guided by biases and natural inclinations rather than objective information. Take advantage of the time you have available to make your decisions.If someone wants a quick answer, ask whether you can have more time. While this is not always possible, extra time for gathering information and reflecting usually leads to better decisions. If you have limited time, try developing a counterargument for the decision you are considering. Debating with yourself, even for a short time, can help you m<warningtag>ake better decisions at the moment.</warningtag>

Good decision-makers use their available time

Every decision you make has consequences for you, and potentially for other people as well. Try to adjust your thinking to make decisions without worrying about making mistakes. Though you need to consider potential outcomes, the safest option is not always the best one. If you choose carefully without fear holding you back, you can embrace the consequences to make the best decisions possible.

Good decision-makers embrace the consequences

Every time you make decisions, you can get better at it. <ul><li>Reflect on the choices you make and their outcomes. Note whether the results were entirely favorable or could have gone better.</li><li> Identify areas for improvement, and consider how you could better the outcome next time. </li><li>Every decision you make provides a learning opportunity that should make you a better decision-maker.</li></ul>

Good decision-makers learn from past decisions

Applying these proven decision-making strategies should help you become a better decision-maker.

career

Career

How To Become a Better Decision-Maker in the Workplace

Showing off is the fool's idea of glory.

Always be yourself, express yourself, have faith in yourself, do not go out and look for a successful personality and duplicate it.

I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.

Knowledge will give you power, but character respect.

Mistakes are always forgivable, if one has the courage to admit them.

A wise man can learn more from a foolish question than a fool can learn from a wise answer.

If you love life, don't waste time, for time is what life is made up of.

If you spend too much time thinking about a thing, you'll never get it done.

A goal is not always meant to be reached, it often serves simply as something to aim at.

To hell with circumstances; I create opportunities.

Obey the principles without being bound by them.

motivationandinspiration

Motivation & Inspiration

Bruce Lee Quotes

Equity is absolutely not the same as equality, but they play for the same team. Equitable solutions require us to understand history, context, and cultural relativism.Much of the historical narrative and cultural consensus has focused on the struggle for equality: equal rights, equal treatment, and equal opportunity. It was only half a century ago that the principles of our Constitution were finally written into laws that granted all people the same treatment before the law—regardless of “race, colour, sex, or national origin,” as the Civil Rights era formula goes.

Everyone Is Different: The Background

You can immediately appreciate the difference between the 3 people in the picture, who are the same on each side: a grown man, a child, and a toddler. Each of them wants to see the baseball game, but two of them are not tall enough to see over the fence. The image on the left shows what happens in an “equal” society, when everyone is given the same advantages, treatment, rights, and resources (at least, to the best ability of that society’s government).

Understanding Equity And Equality: The Pic On The Left

Giving everyone the same treatment is not the same as giving every individual the treatment they need. So with “equal” resources, one kid can just see over the fence and the toddler can’t at all. The conclusion: equal treatment is not necessarily sufficient to ensure everyone has a shot at truly thriving in society.When we tailor the division or allocation of resources to individuals and their different needs, we’re able to give more of them access and inclusion. The kids can now see what’s happening over the fence (access) and are sharing in the experience with the grown-up (inclusion)

Providing More People With Access And Inclusion: The Pic On The Right

In the United States, in particular, much of the historical narrative and cultural consensus has focused on the struggle for equality: equal rights, equal treatment, and equal opportunity.There was nothing stopping individuals, businesses, or the government from discriminating against people of colour in the fields of employment, education, housing, and politics.On paper, that all changed in the 1960s. The Fair Housing Act of 1968 made it illegal to discriminate against anyone in the sale, rental, or financing of housing on the basis of race, religion, sex, or national origin.

Equality Is the Bare Minimum

<ul><li>Red-lining patterns from the 1930s to designate which neighbourhoods were “uninsurable” for housing loans still exist in many poor, majority-Black neighbourhoods.</li><li>The wage gap between white and Black men is effectively the same as it was in the 1950s, when you adjust for the numbers of Black men who are currently incarcerated</li><li>Black women are paid 58 cents for every dollar white men make and 21% less than white women</li></ul>

<ul><li>In education, many educational institutions have tried to take an equitable approach into their own hands by ensuring their student bodies are more diverse.</li><li>Affirmative action is an early form of equity, in which the powers that be acknowledge that not all employees faced the same treatment by their employers.</li><li>The idea is to promote diversity by using race as a factor in making decisions about the overall composition of the student body.</li></ul>

When Equality Alone Doesn't Lead to Better Outcomes

<ul><li>Equality doesn't magically lead to better outcomes</li><li>Equal measures require understanding history, context, and cultural relativism</li><li>They also ask us to consider individuals as just that: individual human beings with specific needs and backgrounds</li><li>In theory, equitable solutions and practices have to change as time, society, and the numbers change</li></ul>

Equitable Solutions Are Unequal and That's the Point

Equity is absolutely not the same as equality, but they play for the same team. Equitable solutions require us to understand history, context, and cultural relativism.

history

History

artsandculture

Society, Arts & Culture

This is the difference between equity and equality

The term seemingly derives from the Anglo-Saxon goddess of spring, Eostre, who was celebrated as she escaped Winter’s harsh clutches. But Eostre wasn’t quite the pagan deity who, we are commonly told, transformed a bird into an egg-laying hare companion, e.g. the forerunner to the Easter bunny. 
In fact, the only actual surviving mention of Eostre comes from 8th-century monk the Venerable Bede, whose writings suggest the English people called the fourth month Eosturmonath or Eostre-Month (marking the spring equinox) after the goddess, and feasts were celebrated in her honour.

The Origin Of The Term "Easter"

The Last Supper was the final meal Jesus shared with his disciples before his Crucifixion, when the bread and goblet of wine were dispersed as elements of his own body on the day now known as Maundy Thursday, named from the Latin ‘commandment’ which Jesus gave to his disciples at the meal.
The New Testament gospels are clear that Jesus held the Last Supper; was crucified at Golgotha (Calvary) in Jerusalem (on Good Friday from the Old English ‘guode’ meaning ‘holy’) and resurrected three days later from the tomb in which he had been interred (on Easter Sunday) during preparations for Passover.

Easter And Resurrection of Jesus Christ

Easter is held on the Sunday after the first ecclesiastical full moon (which keeps, more or less, in step with the astronomical Moon) following the vernal (spring) equinox of the northern hemisphere, when the sun is exactly above the equator, and day and night are of almost equal length.

Easter Day

<ul>
<li>Emperor Constantine, the first Roman emperor to convert to Christianity, convened the Council of Nicaea and decreed that Christ's resurrection was far too important to be connected with the festival of another faith.</li>
<li>Constantine ordained that Easter was to fall in close proximity to a similar significant time in the solar year.</li>
<li>Easter Sunday service then commenced at dawn, with the congregation gathering outside the church for hymns before entering for a joyful Mass. Dismissed in grace and forgiveness, worshippers filed out to begin celebratory feasting.</li>
</ul>

The Birth Of Easter Celebrations

<ul>
<li>Eggs were one of the foods forbidden during Lent, the 40-day fasting period of reflection and penitential preparation leading up to Easter.</li>
<li>In the medieval period, any eggs laid during Lent were boiled for preservation so that when Easter Sunday rolled around, eggs were back on the menu.</li>
<li>And eggs weren't just used as a food source: a rural practice known as 'pace-egging' was common, where costumed groups roamed villages for eggs then given as gifts to the church as Good Friday offerings and to the lord of the manor.</li>
<li>Many of these eggs were brightly painted; a practice truly ancient. Red was used to symbolise the blood of Christ, first by early Christians then the Orthodox Church.</li>
<li>There are suggestions that 16th-century German Protestant reformer Martin Luther organised egg hunts for his congregation.</li>
</ul>

The Easter Eggs Tradition

<ul>
<li>Hares became associated with Easter because of their powers of fertility.</li>
<li>But the entire concept of the ‘Easter Bunny’ is much more recent. It likely became the large colourful rabbit we know and love today due to American influence, but 17th-century Heidelberg-based physicians Georg Franck von Franckenau and Johannes Richier in De ovis paschalibus (‘About Easter eggs’) did describe hares hiding baskets of brightly painted eggs for children to find.</li>
<li>Yet there is an earlier reference (from 1572) to an Easter ‘Hare’ which appeared at night to ‘lay’ eggs, again for children to search. This continued as German settlers came to America and continued the tradition, thereby spreading it throughout the nation.</li>
</ul>

The Easter Bunny

When did Christians start celebrating Easter? How is it celebrated around the world? Where do Easter eggs and bunnies come from? Here's everything you need to know about the most important Christian holiday

religionandspirituality

Religion & Spirituality

food

Food

The Easter Celebration

Why do we celebrate Easter? When did we start eating Easter eggs? Where did the Easter bunny originate? Historian Emma J Wells explores the origins of this springtime celebration and explains its religious connections

The History and Origins of Easter

Bitcoin is going to, in a constructive way, infect everybody’s minds

The consumer price index (CPI) is a poor inflation metric. The goods in it are picked so that it cannot indicate any inflation and thus permit money printing to go unchecked. Inflation is the rate of price appreciation in a basket of goods, services or assets that you want to acquire in the future. For example, if you want to live with your parents in the basement of their house, you don’t need a house or beachfront property and don’t intend to pay for electricity or utilities. For you, inflation will be the cost of beer, Netflix, youtube. The things you have to pay for is inflation to you.

Defining inflation

Three scenarios for CEOs:<ol><li>In a deflationary currency environment, the prices of goods and services will decline, and the currency will appreciate. If I keep the money and wait, the value of my money will accrete. </li><li>If monetary expansion equals economic growth, e.g., banks print 2% more currency, and the economy grows 2%, then treasury will remain stable.</li><li>In a stagnant economy, the currency can rise to 5% a year. But if the economy grows less, the prices appreciate for anything scarce like an original Picasso, but will not appreciate for mass-produced goods/services, such as copies of a Picasso.</li></ol>

Preserving the value of treasury over time

Technology companies take products and services and turn them into information networks. As a result, whatever they touch becomes deflationary while they become billion-dollar companies in the process. For example, Google dematerialised every library and every piece for every book, information, video, and music. Everything that Google, Apple, Facebook or Amazon touched became deflationary. The variable cost of sending a Netflix movie to a million people is the cost of electricity.

Technology turns products into energy

When you compare Bitcoin to other assets, Bitcoin is a scarce piece of property.  Bitcoin is liquid, global, fungible, there’s no property tax on it, no state taxing. It’s hard to produce Bitcoins.

Bitcoin as a scarce asset

Monetary expansion was 24% in 2020, with a forecast of 10% to 15% for the next five years. Under 15% annual money supply expansion, if a company makes a 5% margin on its business, it will lose 10% of its value every year. That means in four years, half of its wealth will be destroyed.If you want to preserve your wealth, you have to beat the hurdle rate (the minimum rate of return on investment) and risk premium.

Economic calculation

The main store of value buckets are fiat instruments, such as bonds, stocks and commercial real estate. For bonds: Investors will have to beat the hurdle rate or drop interest rates.For commercial real estate: Rent has to keep up with the hurdle rate.

Store of value buckets

The Road to Serfdom consists of working exponentially harder in order to earn a currency growing exponentially weaker

When we raise the hurdle rate, individuals have to work harder or take more risks. They have to compete against big tech companies that have money and power, resulting in many small businesses getting crushed. To preserve value, companies will either have to leverage up to buy back stock or perform acquisitions. But integrating two companies has a 90% failure rate. Worse is that companies borrow money to buy another company. That is a road to ruin.

The road to ruin

Cash is a liability, not an asset. Therefore, every fiat instrument based on cash should be discounted at 15% per year, such as stocks, bonds, and real estate. While Bitcoin is volatile short-term, it is always worth more over five years. If you generate cash flows in fiat currency that are growing slower than the hurdle rate, you can fix the problem by putting your cash into Bitcoin. Conservative bitcoin growth is estimated at 20% per year; consequently, the yearly income will surpass the company value.

Bitcoin as a solution

Bitcoin is a growing asset. It’s also the world’s first engineered monetary network that is growing faster than 100%. Corporations can add their balance sheets or PnL into this monetary network. Square and PayPal compete against both big tech companies and banks. They offer their customers a savings account in Bitcoin that accretes 100% per year tax-free. (Compare that with a bond that offers a 10% taxable return.) To keep up with competition, Apple or Goole will have to offer Bitcoin as that is what people want.

Big tech adopting Bitcoin

To stay competitive, the mutual fund business needs to build bitcoin into their product offering. Similarly, traditional banks have to build bitcoin into their business, such as trading, banking, lending, yield, custody, etc. People will know that public companies can buy bitcoin and then realise they can use debt to buy it. While retirement and investment funds can’t buy bitcoin directly, they can buy publicly traded stocks and look for companies with bitcoin exposure.

Mutual funds, public companies and Bitcoin

Crypto? Blockchain? NFTs? Let us decrypt..

crypto

Cryptocurrency

moneyandinvestments

Money & Investments

Getting started with Cryptocurrency

A discussion on inflation, hurdle rates, and the mass adoption of Bitcoin.

In this episode, you'll learn:How Michael Saylor defines Inflation, risk premiums and hurdle ratesThe fundamentals of MicrostrategyWhy he's putting Bitcoin on his balance sheetWhy he issued convertible debt to buy more bitcoinHow other companies will likely follow suitBOOKS AND RESOURCES MENTIONED IN THIS EPISODEMichael Saylor's twitterMichael Saylor's company MicroStrategyMichael Saylor's non-profit free education site: Saylor AcademyMichael Saylor's Bitcoin website: Hope.comGet a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.Capital One. This is Banking Reimagined. What’s in your wallet?Join OurCrowd's investment in BlueGreen Water Technologies today.Elevate your writing with 20% off Grammarly Premium.Browse through all our episodes (complete with transcripts) here.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Discover the world of business and economics.

economics

Economics

podcasts

Podcasts

We interview and study famous financial billionaires, including Warren Buffett, Ray Dalio, and Howard Marks, and teach you what we learn and how you can apply their investment strategies in the stock market.We Study Billionaires is the largest stock investing podcast show in the world with 100,000,000+ downloads and is hosted by Stig Brodersen and Clay Finck.This podcast also includes the Richer Wiser Happier series hosted by best-selling author William Green. William regularly interviews legendary investors such as Mohnish Pabrai and Guy Spier, exploring what they can teach us about how to succeed in markets and life.And finally, our Bitcoin Fundamentals series is hosted by Preston Pysh, where he interviews prominent figures in the Bitcoin and macroeconomic space. To learn more about TIP, you can visit theinvestorspodcast.com or subscribe to our free daily newsletter here.

We Study Billionaires - The Investor’s Podcast Network

BTC005: Bitcoin & Michael Saylor - A Masterclass in Economic Calculation (Bitcoin Podcast)

A Masterclass in Economic Calculation (Bitcoin Podcast)

Exploring the world of programming brings us to 3 main platforms:&nbsp;<ul><li>Web&nbsp;</li><li>Desktop&nbsp;</li><li>Mobile (SoloLearn , Instagram, Uber and others)&nbsp;</li></ul>

3 Main Platforms for Programming

Besides various languages, frameworks, databases at back-end, there are some core concepts that you have to master<ul><li>For high load services like Google search or Facebook, Caching is extremely necessary. Starting from the Cpu cache and ending with Browser cache.</li><li>Popular web server nowadays is Nginx and knowing how to setup it will pay highly in your future endeavors.</li><li>Knowing low-level details of socket programming is a good bonus.</li><li>Ability to see the complete picture, visualize data and connections between data units is a skill you will master during your whole programming career.</li></ul>

Concepts to Master for Web Coding

There are tons of applications on Desktop platforms that need specific skills sets such as: photoshop for working with images, socket programming for writing something like dropbox, engineering if you want to build a compiler.When it comes to languages for desktop applicalations the choice is tough between C++, Java, or C#. Take a look at the samples below to simplify choosing:<ul><li>Oracle: Java</li><li>Linux : C++</li><li>MacOS : C++</li></ul>

Desktop Programming

If you want to make Android Apps, you should choose between Java and Kotlin:To make the correct choice, we should look behind the scenes.To be a competent developer in the market, you have to support previously implemented Apps in Java.&nbsp;To be an iOS developer, you need to go with Swift. To be a really confident developer, it is suggested to master Objective-C to support Apps (tons of Apps) already written in Objective-C.

Programming with Mobile 

To successfully prepare for coding interviews you should be confident in the following areas:<ol><li>Algorithms &amp; Data Structures&nbsp;</li><li>Computer Organization &amp; Operating Systems</li><li>Coding</li><li>System Design</li></ol>

Preparing for Coding Interviews

The main thing that was bothering me while I was just starting my coding career was the language/technology choice. What should I learn, where should I start? What should I know to get my first job…

computerscience

Computer Science

Warning: Your programming career

Inr withdrawals will be enabled at 05.00 PM today for the next 48 hours. Deposits via payment Gateway will be Online from 01.00 am on January 9, 2018. Imps and Neft transactions will be enabled at the earliest possible along with a permanent withdrawal solution. No fee will be charged on any Inr withdrawals, but deposits will be enabled at 01.00 tonight.

Enabling INR deposits and withdrawals again

We are delighted to report a breakthrough on the INR withdrawal issue. Starting 05.00 PM today, INR withdrawals will be live for the next 48 hours. Settlements should reach your bank account within…

9 Habits That Lead to Terrible Decisions

How To Become a Better Decision-Maker in the Workplace

Bruce Lee Quotes

This is the difference between equity and equality

The History and Origins of Easter

Lauren Ford