Behavioural Economics, Communication, Effectiveness, Entrepreneurship, psychology

The Intelligent Investor By Benjamin Graham

This week I read the Intelligent Investor by Benjamin Graham! First published in 1949, the book is a widely acclaimed classic on value investing. Packed with actionable instructions and sound advice It teaches the reader how to successfully use value investing in the stock market. Historically, the book has been one of the most popular books on investing and Graham’s legacy remains.

A key point graham makes is that Investing well over the long term does not require incredible intelligence or profound insight. Instead, it requires two things:

  • A rational framework for decision making and,
  • The ability to prevent your emotions (and the emotions of others) from overriding your common sense and defined plans.

With these two things in place – combined with patience and discipline – investing successfully is possible for anyone!

Here are some other Things that Matter when investing intelligently.

  • Choice matter. A stock is not just a mere object you trade. It is a piece of ownership in a business. Make sure you understand both the business and the company before investing!
  • Price matters. The more you pay for a stock, the lower your return. Don’t fall into the trap of thinking you can buy anytime at any price and still make a profit!
  • Market conditions Matter. The market has constant mood swings. At times, it is over-optimistic, which makes stocks too expensive. At other times, it is pessimistic, which makes stocks cheap. The key is to buy from pessimists and sell to optimists.
  • A “margin of safety” matters — never invest more than you can afford to lose.

If you want to learn more, you can check out our animated summary of the book; you can watch it here:

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Behavioural Economics, Communication, Entrepreneurship, Personal Development, psychology

‘The Psychology of Money’ by Morgan Housel

This week I read ‘The Psychology of Money’ by Morgan Housel! It’s a splendid and inspiring book that really got me thinking!! The book has the subtitle ‘Timeless Lessons on Wealth, Greed, and Happiness’ and is, in its essence, a guide on how to make better decisions when it comes to life, money, and investing. 

The book challenges the assumption that financial success depends solely on education, intelligence, and rational thinking and presents an alternate hypothesis: The key to financial success lies in understanding human behavior. Throughout the book, Housel demonstrates how to make better financial decisions by comprehending how emotions and beliefs influence us.

As always, I can only recommend reading the book but should you find yourself short on time you can start by checking out our animated summary of the book by clicking the link below: 

If you decide to visit http://www.Youtube.com/BigIdeasGrowingMinds, remember to Subscribe to the channel, so you don’t miss out on future Big Ideas!! 

**And if you enjoy our videos, please consider supporting us on Patreon – Your support would not only mean the world to us but also allow us to continue making awesome FREE content for many years to come.

Click here to learn more: www.Patreon.com/BigIdeasGrowingMinds

Take care and see you soon.

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Behavioural Economics, Change Management, Communication, Entrepreneurship, Leadership Development, psychology

Pitch Anything By Oren Klaff

Every time I read a new business book, I feel inspired and motivated.

Inspired; because I am learning new things and am broadening my horizon. And motivated because I immediately want to go out and apply my new learnings.

Unfortunately, my current working life does not always leave room for me to practice my new skills. This week I, for instance, read ‘Pitch anything’ by Oren Klaff and immediately wanted to go out and apply his – super cool – method for pitching business proposals. But since I spend most of my time creating videos on my sofa and don’t need billion-dollar investments for my company I don’t really have a chance to practice….

What I do instead is that I try to convert what I have learned and use it in my personal life instead. Not sure my husband and two teenagers always appreciate this approach, but I do believe it makes me a better mother and wife, nonetheless.

Anyways – Pitch anything is a very cool book, and I can only recommend reading it – both if you are actually pitching billion dollars deals to investors or if you, like me, end up using his Pitch-approach on more down-to-earth situations.

And should you find yourself short on time, why don’t you start by checking out my animated summary of the book on my YT channel. You can find it here:

If you decide to visit www.Youtube.com/BigIdeasGrowingMinds, remember to Subscribe to the channel, so you don’t miss out on future Big Ideas!! 

**And if you enjoy our videos, please consider supporting us on Patreon – Your support would not only mean the world to us but also allow us to continue making awesome FREE content for many years to come.

Become a Patron!

Take care and see you soon.

#Bigideasgrowingminds #becomeabetteryou #KnowledgeBouillonCubes #OrenKlaff #PitchAnything #HowToMakeThePerfectPitch#BigIdeas #GrowingMinds #Learning #Leadership #Leadershipdevelopment #Development #Selfdevelopment #communication #booksummary #meaning #Selfreflection #Inspiration #PersonalDevelopment #Leadershipqualities #LeadershipSkills #Selfimprovement #becomeabetterleader

Behavioural Economics, Entrepreneurship, Marketing, psychology

The Peak-end Rule

One thing that truly fascinates me is the human brain with its many quirks and twists. I love the way it makes shortcuts and finds loopholes to function optimally and help us make decisions.

This week I immersed myself in one of my favorite cognitive heuristics, namely, ‘The Peak-End Rule’. A rule that was first brought to light by psychologist and economist Daniel Kahneman and researcher Barbara Frederickson.

In a nutshell, the peak-end rule is a mental shortcut in which people judge an experience primarily based on how they felt at its peak (i.e., its most intense point) and its end, rather than based on the total average of every moment of the experience.”

It is a mechanism the brain uses to compensate for its limitations. See, our brains can only process and remember so much, and hence our cognitive processing system creates shortcuts to more efficiently:

  • sort through any incoming information,
  • integrate that information,
  • process it,
  • and then make a decision.

In other words, we compensate because we are limited in the amount of detail our memories will hold! And with that compensation comes the tendency only to recall the peaks and endings of things we experience throughout life.

If you click the link below, you can watch a little animation where we explore the rule in greater detail.  We hope you will enjoy it!

And by the way…If you are interested in learning more about the Peak-End Rule, our friends over at InsideBE.com wrote a cool – and very recommendable – article called The Peak-End Rule – Everything You Need to Know   

Finally, if you enjoy our videos, please consider supporting us on Patreon – Your support would not only mean the world to us but also allow us to continue making awesome FREE content for many years to come.

Click here to learn more: https://www.patreon.com/BigIdeasGrowingMinds

Also, if you have any thoughts, insights, or ideas for books to cover, please leave a comment below. And please consider Subscribing to the channel – Your support means the world to us.

Take care and see you soon.

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Our 1st Birthday
Behavioural Economics, Change Management, Communication, Effectiveness, Leadership Development, Personal Development

BigIdeasGrowingMinds Celebrates Our 1st Birthday!

Today is a special day for BigIdeasGrowingMinds! See, we are celebrating our 1st Birthday!

And what a year it has been!! Together with My Team, My Followers and My Subscribers, I have reached some amazing MILESTONES during this first year:

Seeing these numbers make me so proud!! They also make me Thankful. Thankful for each and every one of you who Subscribed, Commented, Liked, shared or gave me feedback and support along the way. I couldn’t have done it without you…

Once Again THANK YOU ALL, your support means the world to us. Take care and see you soon!

If you do decide to visit The channel please remember to Subscribe so you don’t miss out on future Big Ideas!! 

**And If you enjoy our videos, please consider supporting us on Patreon – Your support would not only mean the world to us but also allow us to continue making awesome FREE content.

Become a Patron!

Take care and see you soon.