Audio available in app
Be wary of the illusion of control from "summary" of The Art of Thinking Clearly by Rolf Dobelli
A common mistake we often make is the belief that we have more control over situations than we actually do. This illusion of control can lead us to overestimate our ability to influence outcomes, causing us to take unnecessary risks or make poor decisions. When we feel like we are in control of a situation, we tend to be more confident in our actions, even when the reality is that the outcome is largely determined by chance or outside factors. This false sense of control can be dangerous, as it can lead us to ignore warning signs or dismiss important information that could affect the outcome. For example, in the world of investing, many people believe that they can beat the market through their superior knowledge or skill. Howeve...
Similar Posts
Balance work and personal wellbeing
Achieving success in life requires a delicate balance between work responsibilities and personal wellbeing. It is essential to ...
Use habit stacking to build new habits
One effective strategy for building new habits is to use habit stacking. This involves pairing a new habit with an existing hab...
Seek constant improvement in your trading skills
One of the keys to success in trading is the commitment to constantly improving your skills. This involves a willingness to lea...
Patience is a valuable asset in investing
The idea that patience is a valuable asset in investing is a fundamental concept that many successful investors understand and ...
Celebrate your progress and successes
When you achieve something significant in your journey towards becoming your Best Self, it is essential to take the time to cel...
Believe in your worth and capabilities
When you believe in your worth and capabilities, you are essentially affirming your own value and potential. This belief is lik...
Cultivate inner stillness and awareness
To cultivate inner stillness and awareness is to become deeply present and connected to the essence of who you truly are. It is...
Market timing is nearly impossible to get right consistently
Timing the market is like trying to predict the weather - it's a futile exercise that often leads to frustration and disappoint...
Trust in your abilities to overcome challenges
Believing in yourself is the key to conquering any obstacle that comes your way. When you trust in your abilities, you are sett...
Develop a positive mental attitude
To develop a positive mental attitude, you must first realize that your thoughts have a powerful impact on your emotions and ac...