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.
Never, ever, think about something else when you should be thinking about the power of incentives.
For the first three years, Chinese Bamboo doesn’t grow much. And then suddenly it grows nearly two feet a day. Chinese Bamboo is also a metaphor for no growth for long periods of time followed by a burst of extreme growth.
This blog is about my friend’s business that share many characteristics with See’s Candy.
An imaginary conversation between N Chandrasekaran and Warren Buffett on Capital Allocation.
It’s the nature of the market to swing from extremes of euphoria to extremes of despair. At one extreme gold can trade at the price of dirt and the at the other end, dirt at the price of gold.
Emotions can play tricks on our minds, making us believe what we want to and leading us to ignore what is reality. Therefore emotions need to be avoided while investing.
In 2008, we were as excited as Tata Nano as we are about self driving cars in 2018. Unfortunately it didn’t live up to its hype. What lessons can we learn from it?
A few lessons on being conservative and risk averse from the board game Risk.
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.
Sometimes, inactivity can lead to better output than activity. Discussing a few examples here.