Random Gyaan

Discussion in 'Words of Wisdom' started by mindgames, Nov 30, 2015.

  1. mindgames

    mindgames Well-Known Member

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    Square off that trade when it falls through your stop loss...

    [​IMG]
     
  2. mindgames

    mindgames Well-Known Member

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    *In the jungle which animal is the biggest .......I heard you say ........ Elephant.*

    *In the jungle which animal is the tallest...... I heard you say ......Giraffe.*

    *In the jungle which animal is the wisest.......I heard you say ..........Fox*

    *In the jungle which animal is the fastest ........I heard you say .......Cheetah.*

    *Uhmm. Among all these wonderful qualities mentioned.. ..Where is the Lion in the picture?*

    *But yet you say the Lion is the king of the jungle even without any of these qualities.*

    *But I discovered something fascinating about the Lion.*

    *_The Lion is Courageous_*

    *_The Lion is very bold_*

    *_The Lion is always ready to face any mountain, any challenges, any barriers that cross his path, no matter how big they are._*

    *_The Lion walks with confidence._*

    *_The Lion dares anything and is never afraid_*

    *_The Lion believes he is unstoppable._*

    *_The Lion is a risk taker_*

    *_The Lion believes any animal is food for him_*

    *_The Lion believes any opportunity is worth giving a trial and never allows it to slip from his hands._*

    *_The Lion has charisma._*

    *_What is it that I want you to learn from the piece?_*

    *_You don't need to be the fastest, you don't need to be the wisest, you don't need to be the smartest, you dont need to be the most brilliant, you don't need to be generally accepted to become your dreams and be great in life._*

    *_All you need is courage, all you need is boldness, all you need is the will to try , all you need is the faith to believe it is possible, all you need is to believe in yourself that you can. Because you are the only one that should be up there, no one else._*
     
    Last edited: Dec 3, 2016
  3. mindgames

    mindgames Well-Known Member

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  4. mindgames

    mindgames Well-Known Member

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    Lessons from "The Invisible Gorilla - How our intuitions deceive us"

    1. In-attentional blindness:
    # Sometimes we focus so much on a particular aspect that we miss something obvious.
    # "Looking without seeing" / Tunnel vision. Do not blindly follow a set of procedured. Avoid multi-tasking.
    # Expect the unexpected. Spend specific time thinking about what could go wrong and how to deal with it.

    2. Illusion of memory:
    # Do not trust your memory too much. Over a period of time, distortions creep in without us realizing.
    # Our memories are impacted what we want/feel/bias/expectations etc. We may miss "changes" in the scenario.
    # Do not use vividness and emotionality as an indicator of accuracy

    3. Illusion of confidence
    # Incompetence causes overconfidence. Those not possessing adequate skills tend to underestimate the complexity of a task and overestimate their own ability. As you gain skill, your confidence levels become appropriate.
    # Greater self-confidence does not necessarily mean greater skill. Could mean lack of self-awareness. Be wary when someone or you are extremely confident.
    # Similarly, don't assume that lack of confidence means lack of skill. Those not confident can be right and those who are confident can be wrong.

    4. Illusion of knowledge
    # A lot of times, we think we know but actually we don't. There are gaps in our knowledge that we are not aware of.
    # Experts can be wrong. The best laid plans can go wrong. Don't trust blindly. Prefer experts who know the limits of their knowledge.
    # Sometimes, it is better to have less info vs. more. Avoids noise and information overload/ redundancy.
    # Technobabble, scary vocabulary does not mean better. Could merely be brain porn.
    # Calibrate your judgment in the light of new evidence/ appropriate feedback to eliminate illusion of knowledge.

    5. Illusion of cause
    # Don't jump into conclusions by assuming coincidence to mean causation. Avoid inferring/interpreting automatically that X led to Y.
    # Only way to definitively test whether an association is causal is to run a random experiment (one that is not impossible to conduct, not ethically dubious, not prohibitively expensive to replicate).
    # Don't rely on personal anecdotes to decide. Use overall facts instead of stray incidents.

    6. Illusion of unlimited potential
    # Our potential is limited. Doing simple things like listening to music, solving crosswords etc. does not "unlock" untapped mental ability.
    # Doing something repeatedly, improves your performance at that particular task. It does not unlock untapped potential.
    # There could be 'narrow/limited' transfer b'ween related/similar activities though.
    # Aerobic activities lead to improvement in performance of cognitive tasks .
     
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  5. mindgames

    mindgames Well-Known Member

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  6. mindgames

    mindgames Well-Known Member

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    Adam Grimes. Position sizing/ Money Management.

     
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  7. mindgames

    mindgames Well-Known Member

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    How Agassi trumped Becker

     
  8. mindgames

    mindgames Well-Known Member

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    Leadership

    [​IMG]
     
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  9. mindgames

    mindgames Well-Known Member

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    From the internet

    Sent from my GT-I9500 using Tapatalk
     
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  10. mindgames

    mindgames Well-Known Member

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