It Doesn't Take Many Observations To Think

Managers Think Of Themselves As Captains Of A Ship On A Stormy Sea. Risk For Them Is Danger, But They Are Fighting It, Very Controlled.

My Impression Is That The Elimination Of Memories Greatly Reduces The Value Of The Experience.

There's A Very Good Reason For Why Economics Developed The Way It Did, And That Is That In Many Situations, The Assumption That People Will Exploit The Opportunities Available To Them Is Very Plausible, And It Simplifies The Analysis Of How Markets Will Behave.

To Better Avoid Errors, You Should Talk To People Who Disagree With You And You Should Talk To People Who Are Not In The Same Emotional Situation You Are.

Spend Some Effort In Figuring Out Why Each Decision Did Or Did Not Pan Out. Doing That Systematically Is Key: Really Try To Question The Way You Make Decisions, And Improve It.