1. “There’s a quick and easy way to test whether an activity involves skill: ask whether you can lose on purpose. In games of skill, it’s clear that you can lose intentionally, but when playing roulette or the lottery you can’t lose on purpose.” 2. “Much of what we experience in life results from a…
Zach Hambrick has always been fascinated by exceptional performance, or what he calls “the extremes of human capabilities.” Growing up, he’d devour Guinness World Records, noting the feats it described and picturing himself proudly posing in its pages. By the time he reached college, though, he’d moved on to a new obsession: becoming a golf pro.…
I am of the belief that the best trips you can have are those that make you think and reflect upon your own situation and the situation of others. For those who are self aware travel is the consummate – it forces you to think and reconsider things you believe in. Since returning from LA…
On the back of the news that that BBY head Glenn Rosewell hired a psychic who strangely enough was not able to predict the demise of the firms at a time when it was obvious that full service broking is stuffed as an industry comes the news that apparently NASA has ruined peoples lives by…
The researchers found that people who were both successful and happy over the long term intentionally structured their activities around four major needs: Happiness: They pursued activities that produced pleasure and satisfaction. Achievement: They pursued activities that got tangible results. Significance: They pursued activities that made a positive impact on the people who matter most.…
In decision making the quality of any decision you make is bounded by a series of strictures, the time you have to make the decision, the quality of the information you receive and your cognitive abilities to process the information you receive. Decision making can never be perfect because no collection of these inputs will…
“It’s like a comedy of errors,” Madoff told Soltes. “To cover the losses, I decided to take in money from hedge funds. And in order for me to do that, I had to commit to a long-term strategy that I wouldn’t send the money back [to investors]. I kept taking in more money, figuring that…
Think that blabbing about your goals all over social media makes you more likely to fulfil them then think again. When Intentions Go Public from Trading Game Pty Ltd
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