“[T]he more you press the worse your results.” Ben Carlson relates how our innate bias towards action often backfires when we invest, by citing how goalies would save more balls by standing in place rather than diving. He thinks we do things that often put our investments at risk on the false belief that it’ll get us richer quicker, and so advises that often the best thing to do is to just let our investments sit and accumulate risk-free.
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Kai Cheng’s professor had a brilliant scheme. In his first lecture, he promised that each lecture would feature a “Lie of the Day”. But why? It made his students more attentive and analytical, poring over every detail of his lecture and making sense of why things were true. It was such a powerful teaching method that his students digested his most technical lectures quite easily because they tried so hard to catch his lie. The kicker? There was no lie in that first lecture; he had lied about that too! Read full article here