How do you make good decisions? What are the key components? The answer to these questions, of course, is important. After all, the quality of your decisions can make or break your life. That’s why we should strive to improve the quality of our decisions. I’ve written about some aspects of decision making before, such as probabilistic thinking and risk management. This time, I’d like to share my thoughts on what I believe are the two key components of making good decisions: clarity and information.
What is the key to being creative? What is the factor behind it? I believe that the answer to this question is important. After all, being creative is essential in this age of automation. More and more routine tasks are being automated, so your creativity can make the difference between thriving and sinking. I already wrote about creativity before (here is one), but this time I’d like to take a different view. I’d like to focus on what I believe is a key factor to being creative: diversity.
I’m currently reading A Man for All Markets, a memoir by Edward O. Thorp. It chronicles his story as a mathematics professor who tried to beat the casinos in gambling games. Later, he did something similar in the financial markets. He eventually became the pioneer of quantitative finance. I enjoyed the book and learned a lot from it. Among others, the book taught me about calculating the odds before making a bet and balancing risks and returns.
Your mindset plays a key role in maximizing your personal growth. Why is that the case? Because your mindset determines your actions. The right mindset will lead you to the right actions. The wrong mindset, on the other hand, will lead you to the wrong actions. The question is: what is the right mindset to adopt to maximize your personal growth?
In my previous post, I wrote about living an adventurous life. There I wrote that a good life is a life of adventure. I also wrote that living an adventurous life requires you to take risks. Here I’d like to share with you another side of it: living an adventurous life may require you to reimagine your life. Why is that the case?
I’m always interested in learning how to make good decisions. After all, optimizing our lives has a lot to do with the quality of our decisions. The better decisions we make, the more likely we are to reach our full potential. In that regard, I recently read Thinking in Bets by Annie Duke. I was interested in the book because I have noticed that many leaders use “thinking in bets” when making decisions. A clear example is Bill Gates. This is what I wrote in A Key Factor to Living Life to the Fullest: