‘Trust Your Gut’ Might Actually Be Profitable Advice on Wall Street, Study Says (Published 2016)
David Gellesnytimes.com
‘Trust Your Gut’ Might Actually Be Profitable Advice on Wall Street, Study Says (Published 2016)
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.
Michael Mauboussin • 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
Vaunted “human intuition” is in reality “pattern recognition.”3 Good drivers, bankers, and lawyers don’t have magical intuitions about traffic, investment, or negotiation; rather, by recognizing recurring patterns, they spot and try to avoid careless pedestrians, inept borrowers, and sly crooks. It also turns out that the biochemical algorithms of
... See moreYuval Noah Harari • 21 Lessons for the 21st Century
Are you looking for a new job, thinking of buying a house, or considering going back to school? Careful, deliberate reasoning can get you only so far in good decision making. You also need to know how to listen to your inner voice—your gut. How does it work?
What the science says
Our understanding of the mechanisms of “gut” and brain is still incompl
... See moreGigerenzer’s research suggests we should trust ourselves more, or as he says, it’s often best to “go with what you know.” In one of his most famous studies, he explored “the recognition heuristic.”
Jay Acunzo • Break the Wheel: Question Best Practices, Hone Your Intuition, and Do Your Best Work
Sam thought time pressure favored him. It wasn’t that he thrived under pressure; it was that he didn’t feel it. He wasn’t better than usual when he was on a clock; he just wasn’t worse—and most people were. Other people felt emotions; he did not. Most people, facing a complicated problem and a ticking sound, had trouble seeing quickly what mattered
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
“Gut reactions are usually very wrong or very right.
They tend to be wrong when they are based purely on emotion and in domains where you lack experience. They tend to be right when they are rooted in deep understanding and well-developed taste.
Trust your gut when you have the experience to back it up.”
They tend to be wrong when they are based purely on emotion and in domains where you lack experience. They tend to be right when they are rooted in deep understanding and well-developed taste.
Trust your gut when you have the experience to back it up.”