If There Is Time To

There's A Tendency To Look At Investments In Isolation. Investors Focus On The Risk Of Individual Securities.

The Effort Invested In 'getting It Right' Should Be Commensurate With The Importance Of The Decision.

Doubts Are Suppressed By Groups... But Remember That The Internal Incentives That Shape How The Group Perceives Risks And Rewards May Be Very Different From The Reality Of The Risks And Rewards In The External Marketplace. Those Incentives Can Distort Risk Perception.

People Like Leaders Who Look Like They Are Dominant, Optimistic, Friendly To Their Friends, And Quick On The Trigger When It Comes To Enemies. They Like Boldness And Despise The Appearance Of Timidity And Protracted Doubt.

When You Are Under Time Pressure For A Decision, You Need To Follow Intuition.