<aside> 💡 Ignorance of subjectivity to cognitive biases is the primary reason for incorrect judgment by high performers. Venture Capitalists (VCs) could be poster children for cognitive biases. Most successful VCs conclude they “have the magic.” Forbes even celebrates the best performing VCs each year with their Midas List. However, few VCs test their gut feel driven decision making with data or frameworks. Fewer still distinguish between luck and skill in a decision context characterized by extreme uncertainty, few data points, and long timeframes. Many of the patterns VCs hold up as their special insights are just as likely to be cognitive biases reinforced by luck - Clint Korver, co-founder and MD of Ulu Ventures
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In theory, we can model humans as rational agents that navigate the world using logic. In practice, those who know how to manipulate other humans play with their emotions, not with logic.
Seven dangers to human virtue:
Wealth without work Pleasure without conscience Knowledge without character Business without ethics Science without humanity Religion without sacrifice Politics without principles Source: Mahatma Gandhi
Everything we hear is an opinion, not a fact - Marcus Aurelius
Everything we see is a perspective, not the truth - Marcus Aurelius