So often we enter into stressful situations assuming we are as ill-prepared as the scenario in our headline. In fact, there is considerable evidence that we have many more arrows in our quiver than we anticipate.
It is hard to think of a better concept for the times we live in other than the single word in our title - change. There are (many) quotes to come, but at this point, I can’t help but think of Marcus Aurelius who wrote that “change is nature’s delight” thus illustrating that change is actually woven into the universe.
This article we are focused on the concept of people’s inhumanity to people – obviously in the context of world events, but also in a context that is still ‘closer to home’ with arguably a direct impact on even more individuals.
Our current business environment is in the midst of paradigm shifts (plural) that are (not necessarily) interrelated but related in such a way they influence each other.
An important perspective related to decision-making is cognitive dissonance which is generally described as habitual ways of thinking that are negatively biased. The following can serve as a ‘field guide’ of landmines for new and experienced investors and managers to keep in mind.