Category: business

Too much of a good thing can be..wonderful

Warren Buffett in his recent Annual shareholder letter noted about buying back stocks, “Too much of a good thing can be..wonderful”. This is such an important concept that is time tested. Very often we set high goals and plan to execute it. But our struggles starts with sticking to a plan. Sticking to the plan is always a good idea.

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We all have an ability to plant an idea that there is a chance of positive outcome. We all can be surprisingly accurate in predicting the future. That’s because we work hard to turn that idea into reality. We can turn belief into a reality through confidence and conviction. In simple terms, if you can dream it, stick to a good plan, and you can do it.

So what’s your dream?

Hope Theory

Life is complicated. It throws bricks, sand and large complex problems at us at different periods. Achieving your life’s goals despite adversity is in our human nature and all you need is high-Hope. Hope always sustains your motivation.

Hope Theory

Low-Hope people tend to quit and they don’t recognize that Hope is their valuable asset. You Don’t want to be that person.

According to Hope Theory, ‘We can control the outcomes in our future’. In fact we can create a future much better than the past. But how?

By applying the proper mental strategies. In 1991, Charles Snyder developed this Hope Theory through research – Read Snyder’s ‘The Psychology of Hope: You can get there from here’

Remember Hope always opens doors you would never see.

Occam’s Razor: Law of parsimony

Occam’s Razor

Occam’s Razor is a classic problem solving principle and mental model. This concept is named after William of Ockham, an English friar, theologian, and philosopher and refined by many great thinkers of out time. So what is it?

When choosing alternate hypothesis, always go with the fewest number of necessary assumptions as it’s easier to prove/disprove the hypothesis. This is similar to following critical path in project management for an outcome.

When so many outstanding variables and assumptions in each of our critical decisions in business, money and finance exists, taking an Occam’s Razor approach to determine our course would make the most sense.

If you want to learn more on where all Occam’s razor could be applied check out Farnham street