What you incentivize is exactly what you’ll get
Never, ever, think about something else when you should be thinking about the power of incentives.
Tag: Charlie Munger
Gordian Knot
This is a blog on the mental model of Gordian Knot.
Incentives, not intentions, drive the outcome
People understand incentives. They understand what is good for them and what isn’t. They aren’t moved by the noble intention; they are more concerned by what’s in it for them.
Winning ecosystems
This is a blog about my friend’s handicraft business.
Game theory
Game theory allows us to understand how people act in situations where they are interconnected.
When Chandra met Warren
An imaginary conversation between N Chandrasekaran and Warren Buffett on Capital Allocation.
An open letter to RGC
My open letter to R G Chandramogan founder and CEO of Hatsun Agro asking him to be more conservative while paying out dividends.
A few lessons from the board game ‘Risk’
A few lessons on being conservative and risk averse from the board game Risk.
What happens when you snatch a bone from a dog’s mouth?
We humans are loss averse. Therefore when presented with a prospect of loss, we tend to super react to avoid the loss. A few examples from our daily life.
A thought experiment in rationality
Incentives are a super power and your incentives and that of your fund manager may differ.
Interest upon Interest 