Business insights
One insight per session, newest first. Open one to see where it came from and what it cost.
K♠
Session 12
A reputation is built faster than the case for it
Before you argue with someone's opinion of you, count how many instances it is built on.
session result +$76.99
Q♠
Session 11
You will never learn whether you were right about most of your decisions
Write down what you decided and why before you learn the answer: otherwise your experience will be assembled out of the big stories only and will ignore most of the small ones, which are what three quarters of business and of life are actually made of.
session result −$24.56
J♠
Session 10
Caution takes fewer steps, and each one costs more
Cut the size of the bet, not the number of attempts.
session result −$241.44
10♠
Session 9
If you get to choose, be the marketplace, not one of its users
Count not only your own result but the cut of whoever stands between you and the money: he collects his on every trade, and you collect yours only when you turn out to be right.
session result +$8.21
9♠
Session 8
A move out of turn says something about you that you did not mean to say
The money is made not by the voice out of turn, but by the answer to someone else's move
session result +$124.29
8♠
Session 7
Don't pay more for an answer you were offered cheap
So when the other side is the one offering to let you find out for a small amount, the first question to ask is why you'd want to pay more.
session result +$5.80
7♠
Session 6
When your logic is visible from the outside, someone else finishes it for you
Nobody re-checks a conclusion he reached himself: there is nobody to argue with, so there is nothing to doubt.
session result +$105.12
6♠
Session 5
Walking into the room is not the same as owning it
The first gets you a seat at the table. The second decides how much of the table is yours.
session result +$75.42
5♠
Session 4
Sometimes you name a price and hope nobody takes it
So the question to ask is not how many will say yes, but which ones – and what they know that you do not.
session result +$131.66
4♠
Session 3
Results and decision quality are kept in different books
Both books have to be kept.
session result +$50.01
3♠
Session 2
What strengthened everyone strengthened no one
One question matters: what is left after you subtract what everyone got.
session result −$136.10
2♠
Session 1
He will win who knows when to fight and when not to fight
The decision not to take part is the only free one: it costs nothing and commits you to nothing.
session result −$118.79