10 Lessons from Benjamin Franklin on Wisdom

The investor Mohnish Pabrai was having lunch with Warren Buffett, and he asked him, “if you could have lunch with anyone, living or dead, who would it be?” Buffett replied with a smile, “I’d love to have lunch with Sophia Loren.” But then he got serious and he said, “scratch that answer. I’d really like[…]

5 Tips for Better Decision Making from a Professional Poker Player

Every decision we make is a bet. A bet is essentially an investment in a future outcome that is uncertain. That investment could be money, time, attention or some other resource. When we think of decisions as bets, we are more likely to think probabilistically, adopt an open-mind, consider diverse options and learn from our[…]

Setting A Goal this Year? Make it a Process Goal

Source: Reference-Dependent Preferences: Evidence from Marathon Runners It is the distribution of marathon finishing times collected from over 9 million runners. You might expect to see a smooth bell curve centered around the average time, but that is not what is depicted here. The general outline of the bell curve is evident, but it is[…]

When Your Wave Comes, Ride It

Laird Hamilton surfing Teahupoo on August 17, 2000.  Photo: Tim McKenna   On August 17, 2000, Laird Hamilton was surfing a famous break off Tahiti called Teahupoo. The break at Teahupoo already had a fierce reputation, but on this day, Laird and his friend Darrick Doerner saw a wave approaching unlike anything they had ever[…]

How My First Boss Saved Me From Failing

I was 23 years old, in my first professional job and I was failing big-time. My boss had recently handed me a list of five-hundred names and phone numbers and instructed me to cold call them. I picked up the phone and started dialing. I felt a palpable sense of fear and anxiety as I[…]