Chapter
Decision Making and the Importance of Pre-Mortems
1:06:07 - 1:18:45 (12:37)
This podcast discusses the importance of pre-mortems in decision making, and how some people are naturally better at it than others. It highlights how having the fortitude to stick with a position even if your thesis is correct, is crucial in investment decision making.
Clips
Successful investing is not just about using analytical tools but also about making good decisions, which requires an anti-social component and the fortitude to stick with a position.
1:06:07 - 1:08:53 (02:45)
Summary
Successful investing is not just about using analytical tools but also about making good decisions, which requires an anti-social component and the fortitude to stick with a position.
ChapterDecision Making and the Importance of Pre-Mortems
Episode#659: Michael Mauboussin — How Great Investors Make Decisions, Harnessing The Wisdom (vs. Madness) of Crowds, Lessons from Race Horses, and More
PodcastThe Tim Ferriss Show
This podcast discusses the effects of stress on the body, including how the body reacts to physical and psychological threats and what happens when the stress response system is constantly turned on.
1:08:53 - 1:12:29 (03:35)
Summary
This podcast discusses the effects of stress on the body, including how the body reacts to physical and psychological threats and what happens when the stress response system is constantly turned on.
ChapterDecision Making and the Importance of Pre-Mortems
Episode#659: Michael Mauboussin — How Great Investors Make Decisions, Harnessing The Wisdom (vs. Madness) of Crowds, Lessons from Race Horses, and More
PodcastThe Tim Ferriss Show
In his book Think Twice, Michael Mauboussin explains how to avoid common mental mistakes in different situations by recognizing misunderstandings and developing a better way of thinking.
1:12:29 - 1:15:11 (02:41)
Summary
In his book Think Twice, Michael Mauboussin explains how to avoid common mental mistakes in different situations by recognizing misunderstandings and developing a better way of thinking.
ChapterDecision Making and the Importance of Pre-Mortems
Episode#659: Michael Mauboussin — How Great Investors Make Decisions, Harnessing The Wisdom (vs. Madness) of Crowds, Lessons from Race Horses, and More
PodcastThe Tim Ferriss Show
The pre-mortem strategy involves envisioning that your project has failed to identify weaknesses and plan for prevention.
1:15:11 - 1:18:45 (03:34)
Summary
The pre-mortem strategy involves envisioning that your project has failed to identify weaknesses and plan for prevention. The role of counterfactuals and pre-mortems come from military strategy and can also be applied to cyber-security.