We human beings we are self centered. Our own interests come first; this is just how we are. We respond to incentives especially if they appeal to our self interest. And if the incentives don’t appeal, there would be unintended consequences. That is why Charlie Munger said: Show me the incentives and I will show […]
An imaginary conversation between N Chandrasekaran and Warren Buffett on Capital Allocation.
We tend to over weigh what we know and under weigh what we don’t. This can be dangerous.
Sometimes, inactivity can lead to better output than activity. Discussing a few examples here.
Sometimes the changes can build up slowly without anyone realizing, much like the frog that doesn’t realize that the water is getting hotter gradually.
Interest upon Interest 