The three blind spots of savvy investors when it comes to risk management and five actionable tips to address them.
The purpose of the brain is not to perceive correctly, but to act correctly.
Perception is not a tool to see, but a tool to act.
Biases are not bugs of the brain, but features.
Neurons do not evaluate the past, but infer the future.
Pain is not a sensation of the past, but a guide for the future [to avoid further damage].
Happiness is not a place to reach, but a direction to follow.
Emotions are not a judgement of the past, but one of the future.
(Humans do not mourn the past they lost, but the future they lost.)
Making emotional decisions is not a deviation from the original design of the brain, but making rational ones is [because emotion is the metric the brain ultimately uses to measure success].