Tag Archives: Decision Making

Take Control of Your Life

“Until one is committed, there is hesitancy, the chance to draw back, always ineffectiveness. Concerning all acts of initiative (and creation), there is one elementary truth, the ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then Providence moves too. All sorts of things occur to help one […]

An Analytical Way to Making Decisions and Solving Problems

“We cannot solve our problems with the same kind of thinking we used when we created them.” That’s a quote attributed to Einstein and the idea behind today’s post. Today, I’ll discuss how to get to the higher level of thinking with which we can solve our problems. Let me explain the low-level and high-level […]

How to Optimize Your Decision Making Process

Making a decision is one of the most exhausting mental processes. Making a series of decisions drains your brain and as a result, the quality of your decisions plummet. This phenomenon is called decision fatigue. A successful life requires a lot of quality decision making, but we have a limited capacity for decision making. That […]

Bias for Action

Act on an idea even if you aren’t sure you’ll succeed, if it promises secondary benefits such as new ideas, connections, experience, and more courage and self-discipline. Doing nothing is more valuable than distraction and busy work. Activities that have no value not only waste your time, they also waste your attention and mental energy. […]

Miserable or Peaceful, All by Your Assumptions

Your assumptions can make you feel miserable. Your assumptions can also make you feel peaceful. The difference is how well your assumptions match the reality. Loss Aversion Here’s an example. One of our biases as humans is loss aversion. $100 lost hurts more than $100 won makes us happy. That bias is ingrained in our […]

I’m Irrational

So are you. So are we all humans. Next time you think someone is acting irrational, remind yourself that we are all irrational by default. It takes effort to overcome our biases and logical fallacies to become rational. Sometimes, being irrational gives us an advantage. Sometimes, it results in us shooting ourselves in the foot. […]

Technical Analysis of Stock Prices is Useless

Holidays have been just over and I had some great time with family and friends. I met an old friend in my hometown and most of our conversation was focused on cryptocurrencies. At a certain moment, my friend started to explain his technical analysis on Bitcoin and Bitcoin Cash. My old friend told me to […]

7 Irrational Investment Beliefs and Their Alternatives

Most of the beginner investors have intuitive assumptions that don’t match the reality of the markets. These intuitive assumptions are part of human nature. We need to let go of these assumptions to improve our results as investors. 1. A good investor must know which asset is going to appreciate or depreciate the most. It’s […]

The Best Investment Strategy for Retirement

If you plan to retire sometime in the future, you must start saving and investing as soon as possible. The first few years in investing is spent with learning and gaining experience. That means, you will make some mistakes and lose money. The best way to minimize losses is to start small and start virtual. […]

Burak Bilgin

Software developer with a Ph.D. and 15 years of experience. I write daily on personal development and life lessons. Sign up to my email newsletter to receive a weekly overview of my latest content on personal development and life lessons.