Farnam Street
Mastering the best of what other people have already figured out
When Charlie Munger recommended reading Max Bazerman’s Judgment in Managerial Decision Making I had never hear of the HBS professor. A lot of reading later and I’m a huge fan. In the HBR article below Bazerman covers some of the …
Ethical infractions are rooted in the intricacies of human psychology rather than integrity. We are wired far more strongly for unethical behavior than for integrity. Max Bazerman and Ann Tebrusnel’s book: Blind Spots covers the ways in …
In this excerpt from his annual letter, investing great Seth Klarman describes 20 lessons from the financial crisis which, he says, “were either never learned or else were immediately forgotten by most market participants.” * * * The …
Here are three questions leaders can ask to help make better decisions. 1. How will this decision make things better for the organization? Consider how the decision will affect the organization’s ability to fulfill its mission. …
“The only proven way to raise your odds of making a good decision is to learn to use a good decision-making process—one that can get you the best solution with a minimal loss of time, energy, money, and composure.” — John …