Every All-Time Great investor is a Lifelong Learner and Critical Thinker.
Here are 7 scientifically proven methods to develop those skills 👇
Here are 7 scientifically proven methods to develop those skills 👇
1. System 2 Preferencing
Establish a preference for System 2 Thinking.
Categorize common/daily decisions into Important and Irrelevant.
By categorizing, you prime yourself to activate System 1 for the irrelevant ones and System 2 for the important ones.
Establish a preference for System 2 Thinking.
Categorize common/daily decisions into Important and Irrelevant.
By categorizing, you prime yourself to activate System 1 for the irrelevant ones and System 2 for the important ones.
2. Don't Deny, Observe Emotions
Positive emotions enhance cognitive processing.
Negative emotions disrupt them.
By embracing positive emotions, your ability to learn improves, even when you're not actively learning.
You can even fake that. Smile, and your mood improves.
Positive emotions enhance cognitive processing.
Negative emotions disrupt them.
By embracing positive emotions, your ability to learn improves, even when you're not actively learning.
You can even fake that. Smile, and your mood improves.
3. Internal Motivation
Focus your time and capabilities on things you're internally motivated to do.
"You'll succeed at what you love." is not just a saying. It's a fact.
If you've ever tried to outwork somebody who is more interested in a topic than you, you know that.
Focus your time and capabilities on things you're internally motivated to do.
"You'll succeed at what you love." is not just a saying. It's a fact.
If you've ever tried to outwork somebody who is more interested in a topic than you, you know that.
4. Critical Thinking Models
4.1 Recognition-Primed Decision Model
You compare current problems with problems from the past and identify what similarities they have.
Afterwards you think of the solutions you used back then and modify them in regards to the current problem.
4.1 Recognition-Primed Decision Model
You compare current problems with problems from the past and identify what similarities they have.
Afterwards you think of the solutions you used back then and modify them in regards to the current problem.
4.2 Pre-Mortuum Analysis
When facing a completely new problem, think of the first solution that comes to your mind.
Now imagine that solution is wrong.
Ask yourself, what went wrong, where could've been the mistakes of my thesis?
This model is a form of inverted thinking.
When facing a completely new problem, think of the first solution that comes to your mind.
Now imagine that solution is wrong.
Ask yourself, what went wrong, where could've been the mistakes of my thesis?
This model is a form of inverted thinking.
4.3 Insight Process
We've established to use System 2 for hard problems.
Now, System 2 enables us to use the insight process.
Take a step back, suspend your judgment, and ask yourself these three questions:
We've established to use System 2 for hard problems.
Now, System 2 enables us to use the insight process.
Take a step back, suspend your judgment, and ask yourself these three questions:
1: Is there any contradicting prove to my first impression?
2: Would a different perspective bring different answers?
3: If I reframe the question, will I end up with the same answers?
Those are three very powerful questions that light up many initial blind spots.
2: Would a different perspective bring different answers?
3: If I reframe the question, will I end up with the same answers?
Those are three very powerful questions that light up many initial blind spots.
That's it for today!
If you enjoyed it, please Like and Retweet this Thread so more people can see it!
Follow me @MnkeDaniel to learn more about Investing.
Have a great day!
If you enjoyed it, please Like and Retweet this Thread so more people can see it!
Follow me @MnkeDaniel to learn more about Investing.
Have a great day!
جاري تحميل الاقتراحات...