Wednesday, July 27, 2022
Chosen Path
Thursday, March 10, 2022
Shifting Winds
Tuesday, May 25, 2021
Big Picture
No one has a view of the whole picture, or the ability to process it. We do not know in advance what the correct destination is, or what our future choices will be. We make our choices based on what we already know, with a limited glimpse forward of the possible consequences of our actions. There are individuals whose choices go against the grain, but if you look at a big enough picture, prejudices and bias starts to show. Daniel Kahneman and Amos Tversky opened up the field of Behavioural Finance and the study of cognitive biases. When you look at groups and group decisions, you can get a sense of how our processes work. This doesn’t mean we aren’t individuals. But we are individuals who don’t live in isolation. Our choices are affected by the choices of those around us. They are affected by the constraints of physics, time, and our very human limits. Context is everything when grasping at the randomness, ambiguity, and complexity of wrestling with personal choices and understanding.
Friday, May 21, 2021
Who Are You?
Wednesday, April 07, 2021
Going Wild
Tuesday, March 30, 2021
Choosing Decision Makers
To outsource your decision-making, you need to develop trust. I like to believe in a world where we can have open conversations. The reality is that you can’t just decide to be honest, and vomit truth on someone. Truth needs unpacking. Trust is built. Both need time. It is dangerous to outsource decision-making, in part because we attach responsibility to the decision-maker. We attach identity to the decision-maker. We attach respect and blame. To outsource decisions, you need trust and confidence. Trust that the other decision-maker has your best interests at heart. Confidence that they have the competence to do what it is that they claim they will do. The decision about who to hand over responsibility to, is as important as the actual skill and knowledge required to make the relevant choice. Evaluating decision-makers is a skill in and of itself. Badly evaluating decision-makers allows you to pass on responsibility, and have a target to pin blame on should things go wrong. It does not solve the problem.
Thursday, November 05, 2020
Greener Pastures
I am on the job hunt after a gap from the corporate world. I stepped off the ladder in August 2014 with the intention of letting my engine be the breadwinner, while I focused on things that did not make money. My motivations for returning are complicated. I am also returning to South Africa. Again, a complicated decision. There are always trade-offs, and the grass is seldom greener on the other side. Or if it is, it is because of the fantastic manure you cannot see at a distance. I am not naïve about the challenges of a corporate environment. You can also sell the entrepreneurial world too hard. A lot of people who have rejected the world of money, and the world of work, to pursue their passion… struggle. We hear stories of the successes, but unfortunately not all good ideas are good business ideas. Often advice is what the giver would do in that situation, but forgets that it would not be the giver in the situation. What we know is the world is random, complicated, and ambiguous. The best you can do is put yourself in a position to be able to change your mind.