10 Biases that distort our Decision-Making:
Affinity Bias - We prefer people who are similar to us. In thinking, looks, and behavior.
Reactive Devaluation - Automatically devaluing opinions from opposing sites or people you dislike.
Illusion of Asymmetric Insight - We tend to believe our knowledge surpasses the knowledge of our peers.
False Consensus Effect - We overestimate the degree to which others agree with us.
The Ostrich Effect - The tendency to avoid negative (financial) information by pretending not to see it.
Illusion of Validity - Our tendency to overestimate our ability to accurately interpret and predict outcomes.
We draw conclusions to make a story coherent and then ignore possible alternatives completely.
Hyperbolic Discounting - We are wired to prefer instant gratification.
Even when offered significantly more in the future.
Post-Purchase Rationalization - After a buying decision, we immediately erase all doubts and rationalize our decision.
This works combined with the confirmation bias.
Egocentric Bias - Tendency to ascribe oneself more responsibility for success than others or outside factors (e.g. luck or circumstance).
Pro-Innovation Bias - The tendency to overweight the possible usefulness and oversee risks.
I have way too many guy friends in their 30s and even 40s who are still single.
They’re clean, good looking, successful in their careers, and genuinely good guys but have had zero success finding a woman to settle down with.
What is happening?
🧵 This may be the most important threat that I ever make. Big picture stuff.
I’ll try to help you understand why the future is not what we’re hoping for. A major global collapse is coming. It may be worse than we can imagine.
Our leaders know.
But what are they planning?
Trillions are linked to crypto .
Property, cars, stocks, leverage etc
When it all CRYPTOS heads to zero A fire sale across all sectors will follow.
It's going to be an absolute BIBLICAL event.
The only good news... It hasn't begun yet.