Thank you sir. Every word of yours is wisdom
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Thanks for sharing Professor!
Simple to understand but great wisdom . If you upload complete lecture that will be better and Future lectures as well .Let every one to learn.Thanks Mr. Bakshi
These videos are good but these are like a lot of whatsapp videos that I receive as forward. Is there a story that connects these videos?
Dear sir, thanks for your insightful links.
Just one small query in regard to this story “The Parable of the Mexican Fisherman”- we have heard this parable in many forms, and I do know there is a fallacy in this argument someplace, but I am unable to pin point it exactly.
Could you kindly share your thoughts?
In the whistle story… Franklin says mindless pursuit of any thing is not worth the whistle… Can equate mindless pursuit with obsession.. In that case what’s the thin line that separates obsession and with the whistle
Thanks for sharing these, looking for more as classes progress. Curious to know investment insights you shared through the Story of a Chinese Farmer.
The insight is that people in the investment community are often too judgmental about developments. They forget the Pari-mutuel nature of markets where the behaviour of others changes the odds. They indulge in first level thinking and don’t pause, reflect and ask questions like “and then what?” If the development is unfavourable, the pain avoidance mechanisms in their brains make them run away from a situation which is getting even more attractive because others are running away.
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