Michael Mauboussin — How Great Investors Make Decisions, Harnessing The Wisdom (vs. Madness) of Crowds, Lessons from Race Horses, and More (#659) - The Blog of Author Tim Ferriss

There is significant pressure to conform to group-think, even when the group is clearly wrong

“Beliefs are hypotheses to be tested, not treasures to be protected.”  –  Phil Tetlock 

The most interesting problems in the world exist at the intersection of disciplines, but it is uncommon for scientists to reach across their disciplines and collaborate with other scientists outside of their discipline  

How to make better decisions: slow down and think twice, conduct a premortem, red-team your strategy, consider counterfactuals, minimize hindsight bias and creeping determinism, and consider a wider range of potential outcomes 

Having cognitive diversity is the most important type of diversity for problem-solving; just because people look different does not mean that they will also think different

What separated the good from the great investors had little to do with their analytical tools but a great deal to do with how they made decisions.