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Biases in Decision Making

10 Biases that distort our Decision-Making:   Affinity Bias - We prefer people who are similar to us. In thinking, looks, and behavior. Reactive Devaluation - Automatically devaluing opinions from opposing sites or people you dislike.  Illusion of Asymmetric Insight - We tend to believe our knowledge surpasses the knowledge of our peers. False Consensus Effect - We overestimate the degree to which others agree with us. The Ostrich Effect - The tendency to avoid negative (financial) information by pretending not to see it.  Illusion of Validity - Our tendency to overestimate our ability to accurately interpret and predict outcomes.  We draw conclusions to make a story coherent and then ignore possible alternatives completely.  Hyperbolic Discounting - We are wired to prefer instant gratification.  Even when offered significantly more in the future.  Post-Purchase Rationalization - After a buying decision, we immediately erase all doubts and rationalize our decision. T
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Atomic Habits

Habits are mental shortcuts A habit is a routine or behavior that is carried out repeatedly and most of the time automatically. When you are faced with a problem repeatedly, your brain starts to automate the process of solving it. Your habits are sets of automatic solutions that solve the problems you come across regularly. Focus on systems, not on goals Goals are good for establishing a direction, but systems are best for making progress. Goals are about the results you hope to reach. Systems are about the mechanisms that lead to those results. The layers of behavior change  • Changing your outcomes. This means changing your results: losing weight, publishing a book, etc.  • Changing your process. This means changing your habits and systems: for example, developing a meditation practice.  • Changing your identity. This means changing your beliefs: the way you see yourself and the ones around you. True behavior change is identity change You could choose and start a habit because of mot
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Surprising Rules for Success

 • Retirement is the worst-case-scenario insurance.  • Alternating between periods of rest and activity is essential.  • Focus on being productive instead of busy.  • The timing is never right. Waiting for ‘someday’ means that you will take your dreams to the grave.  •  Ask for forgiveness, not permission.  • Emphasize strengths. Don’t fix weaknesses.  • When things are done to excess, they often take on the characteristics of their opposites.  • Money alone is not the solution. We use not having enough money as a scapegoat for not working out what we want out of life.  • Relative income is more important than absolute income.
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If You Are in Your 20’s, Read This:

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  1. Remember, if you make hard choices now, life will be easier later. If you make easy choices now, life will be difficult later. 2. Remember, life will not get easier, but you will get stronger. 3. Know that every person is different and is born into different circumstances, so do not compare yourself with others. 4. Losing is a learning experience; strength doesn’t come from winning at everything. Your greatest struggles will develop your greatest strength. Your struggle is a part of your story. 5. Go confidently in the direction of your dreams. Put in the effort and make them come true. It often seems impossible until it’s done. Be humble and ready to learn but be confident in yourself 6. Convince yourself every day that you are worthy of a good life. Your self-worth will come from believing that you are worthy. Let go of stress. Breathe, and stay positive, everything will be all right. 7. Know that no one in the entire world can do a better job of being you
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10 Free websites that feel illegal to use

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1. Convertio.co: Convert files to any format you want for free. Here https:// convertio.co 2. http:// Microcopy.Me : Find persuasive headlines and slogans. (Perfect for writing threads) Here https:// microcopy.me 3. http:// Remove.bg : Remove the background from your image and add in any background you like. Here https:// remove.bg 4. Pexels: Download high-quality stock images for FREE. Here https:// pexels.com 5. Otter AI: Otter automatically records and transcribes your meetings. Here https:// otter.ai 6. Quillbot: Quillbot rewrites everything as plagiarism-free text. Here https:// quillbot.com 7. Loom: Record your screen and yourself at the same time. Like zoom but better. Here https:// loom.com 8. Jenni AI: An AI auto-writing tool that automatically writes for you. Here https:// jenni.ai 9. Temp-mail: Temp-mail gives you a temporary email and inbox because who wants to give out their actual email address? Here https:// temp-mail.org/en/ 10. TinyWO
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Vedas and Upanishads - A Brief Histrory

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  "Truth is One" one hymn proclaims," though the wise call it by many names"   The  I ndus Valley Civilization  was an ancient  civilization  located in what is Pakistan and northwest  India  today, on the fertile flood plain of the Indus River and its vicinity. Evidence of religious practices in this area date back approximately to 5500 BCE. Their religion is based on ritual sacrifice, with lyrical, life-affirming hymns meant for incarnation in an ancient form of Sanskrit . "These hymns, reveal an intimate, almost mystical bond between worshipper and environment, a simultaneous sense of awe and kinship with the spirit that dwells in all things". They worship natural forces and elemental powers of life: Sun and Wind , Storm and Rain , Dawn and Night , Earth and Heaven , Fire and Offering .  These powers are the Devas, Gods and Goddesses sometimes recognizable in other religions. In the hymns seem very near, present before us in the forms and forces of the
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The Upanishads - An Introduction

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"You are what your deep, driving desire is. As your desire is, so is your will. As your will is, so is your deed. As your deed is, so is your destiny" The Upanishads , the Bhagavad Gita , and the Dhammapada - are among the earliest and most universal of messages, sent to inform us that there is more to life than the everyday experience of our senses. The Upanishads are the oldest, so varied that we feel some unknown collectors must have tossed into a jumble all the photos, postcards, and letters from this world that they could find, without any regard for source or circumstance. Thrown together like this, they form a kind of ecstatic slide show - snapshots of towering peaks of consciousness taken at various times by different observers and dispatched with just the barest kind of explanation. The Dhammapada , too, is a collection - traditionally, sayings of the Buddha, one of the very greatest of explorers of consciousness. In this case the messages have been sorted, but not
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Why Wealth ? What is the success Mantra for Money ?

Our prosperity as a nation depends upon the personal prosperity of each of us as individuals. Money is the medium by which earthly succes is measured.  Money makes possible the enjoyment of the best earth affords. Money is plentiful for those who understand the simple laws which govern its acquisition. Success means accomplishments as the result of our own efforts and abilities. Proper preparation is the key to our success. Our acts can be no wiser than ou thoughts. Our thinking can no wiser than our understanding.
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Golden Rules for Stock Selection

Golden Rules for Stock Selection Pick financially sound companies, preferably debt-free Choose companies that respect capital. Always stay with leaders in the industry. Don't buy underlying businesses, buy profitability. Don't ignore absolute value like earnings yield. Monopolistic entities make all the money. But be prepared to pay the price for it. Consolidating businesses are better than fragmenting businesses. Never ignore Return on Capital Employed and Return on Net Worth. If there are many competitors, don't bother to pay even the market valuation. Always stick to what you know best.
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Simple Rules for Wealth Acquisition

LO, MONEY IS PLENTIFUL FOR THOSE WHO UNDERSTAND THE SIMPLE RULES OF ITS ACQUISITION 1. Start thy purse to fattening. 2. Control thy expenditures. 3. Make thy gold multiply. 4. Guard thy treasures from loss. 5. Make of thy dwelly a profitable investment. 6. Insure a future income. 7. Increase thy ability to earn.
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