Thinks 518

Reflections on the Ten Attributes of Great Investors: by Michael J. Mauboussin. “Perhaps the single greatest error in the investment business is a failure to distinguish between the knowledge of a company’s fundamentals and the expectations implied by the market price.”

How to Make Great Decisions, Quickly: from HBR. “The only surefire way to evaluate the efficacy of a decision is to assess the outcomes. You’ll discover, over time, whether a decision was good, bad, or indifferent. But if you rely only on retrospective analysis, the path to better decisions can be tenuous: Hindsight is incredibly prone to attribution bias. That said, if you had a checklist of attributes to prospectively evaluate a decision (like the one provided below), you could predict in advance whether or not it is likely to be a good one.”

Matt Asay: “Web3 promoters promise a brave new world of unfettered online freedom. What they’re building, however, looks a lot like Web 2.0…We’re centralizing on platforms because they make it easier to interact with this supposedly decentralized nirvana, with associated protocols yielding to platforms because the latter are simply evolving faster to become more useful … by being the opposite of what Web3 promised. None of which is to say that we won’t have some form of blockchain-powered Web in the future. Maybe we will. But let’s not kid ourselves that it will somehow change the fundamental nature of how humans interact and consume content.”

Published by

Rajesh Jain

An Entrepreneur based in Mumbai, India.