October 04, 2012

Irrational exuberance

Some of the big mistakes we do is:

  • Allowing emotions to influence our decisions.
  • Having inability to listen or ask.
  • Ignore risks.
  • Need to be right - You can be right or you can be successful.
Nothing is more stupid than running enthusiastic in the wrong direction.

The solution:
  • Put intellect before emotions.
  • Think
  • Ask the risk questions
The risk questions are:
  1. What is the upside?
  2. What is the downside?
  3. Can you live with the downside?
Remember that all problems comes from good ideas!

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