Practical philosophy and taking responsibility for our communication

Alain de Botton is a wonderful modern day philosopher with a very practical take on modern life emphasising how we can be emotionally healthy. He has done quite a few podcasts on many different topics, all well worth listening to. In this one he talks a little about his background and a wide variety of … Continue reading Practical philosophy and taking responsibility for our communication

Ask “why?” five times…. Proximate causes vs root causes, Narrative fallacy and Mental Models

Great post for people in the investment field: Farnham Street is an amazing blog dedicated to discussing mental models and they do a great job of explaining the challenges of proximate vs root causes and how to deal with the deductive problems that can occur when we jump to conclusions too quickly. https://www.farnamstreetblog.com/2017/05/proximate-vs-root-causes/ In investments … Continue reading Ask “why?” five times…. Proximate causes vs root causes, Narrative fallacy and Mental Models

Improving decision making in committees

A review of decision making literature from UCL on what makes for good decisions in committees is particularly relevant for investment committees: 1. Diversity of participants (functional diversity) with different independent expertise or knowledge makes optimal decision making more likely (finding global rather than local maxima more likely with different starting points for the mathematical … Continue reading Improving decision making in committees