Wednesday, February 6, 2008

Two Reasons Why You're Not Successful

Im been thinking very seriously why a lot of smart people are not successful. I watch a DVD program called, 'Get Altitude', it said the reason people are prevented from success are due to:

1. Emotional Estimation

People are horrible in predicting how the future will make us feel. For example, if we do something we think its going to make us feel good or if you do something else, its going to make you feel bad. Or if you feel good about something, then you think its going to be good. (its probably usually wrong - see my below post about uncomfortable decisions for further explanation)

2. Seeing and Seeking Only Validation

I was thinking about this seriously, when i was playing poker, i was seeing the things where i made the right decisions but i didn't really see where i was wrong. I keep thinking i was the best but i was probably was making an amateur mistake. I had a big ego.

To solve this he said you require:

Data driven decisions - When was the last time you track your results? With playing poker - i never ever track my resullts i.e win/loss rate, amount usually bet etc. Your mind can't argue with numbers. Numbers dont have an opinion, they can't tell you personally how good you are.


Test, Model, Project - Do a test, build a little model with the results, and then project.

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