implementation

selective with those elements that he allows inside his head to begin with. That

evidence suggests that piling on more data often hurts decision quality:

1. Too much choice stalls action. In the famous "jam study," shoppers presented with 24 flavors bought jam 3 percent of the time, while those offered just six flavors purchased 30 percent of the time—a 10-fold jump.


2. Information overload erodes well-being. Two-thirds of managers r

maths is defined by the techniques it uses to study things,

When we are being inclusive, we never forget that all of our senses are constantly in play. We don’t let them drive our emotions and decisions. Instead, we actively enlist their help—as Holmes does with both boot and letter—and learn to control them instead.

We see three major questions an investor needs to consider.

1. Should they prefer long term assets or cash (Money Market Funds or Tbills)?




2. Should they prefer stocks to bonds when allocating to assets?




3. Should they prefer nominal or real future cash flows when allocating to assets?

Question 1 is answered by determining the direction (not the level) of risk

Myself and many others would argue that a major currency devaluation is a type of default. In that sense, the US government defaulted on bondholders in the 1930s by devaluating the dollar vs gold, and then again in the 1970s by decoupling the dollar from gold entirely. The 2020-2021 period was also a type of default, in the sense that the broad

if a random thought arises, acknowledge the thought and then simply let it go by gently bringing your attention back to the flow of your breath.

The lesson from cases of people both keeping and losing their jobs is that as long as you keep your boss or bosses happy, performance really does not matter that much and, by contrast, if you upset them, performance won’t save you.

pressures. As it started in the black car space, all of its competitors were focused on promoting pressures. It won’t be a black car, it will be a silver Audi with a minibar and a disco ball synced to your playlist, driven by Claudia Schiffer and powered by the defensive line of the Raiders! What Uber recognized is that the desire to go from Point