• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint

Key Points

  • Ed Seykota: “Gigerenzer’s ’fast and frugal heuristics’ is another name for ’rules of thumb.’ One pretty good one is: Trade with the Trend.”

  • Do not equate simplicity with unsophisticated thinking.

  • As science looks closer, it is beginning to acknowledge that intuition is not a gift, but a skill. Like any skill, it is something you can learn.

  • Occam’s razor: If you have two equal solutions to a problem, pick the simplest.

  • Fearless decision-makers have a plan and execute it. They don’t look back. And along the way if something changes, their plan has flexibility built into it so they can adjust.


PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint