Averting Loss
Ariel Serber
Advocate for financial education, literacy, and independence. Advisory solutions and problem solving for businesses; risk management, business planning, building brand equity, capital raising and more.
Everyone suffers loss. In some way, shape or form, it has or will happen. You can't really avert loss, not forever, but you can find some ways to prepare for it, learn from it, build from it. There are some true teachers that change the game. Daniel Kahneman was exactly that; we have so much information, knowledge, and data that he shared - it's up to us to curate it, synthesize it, and understand how it applies to our lives. And then find ways to channel it for maximum impact like James Eagle does here:
There were quite a few excellent posts here and elsewhere about his life. I was actually a bit surprised and dissapointed there was no curated feature on this brilliant man by my favorite editors here.
Just take some time and listen.
Going back through older materials, this stands out with Barry Ritholtz . And eerie considering they discuss bridge collapse as an extreme event that hopefully never ever happens when the tragedy in Baltimore happened just now.
Please have a read of the whole Times obituary - print it out, it's a good Shaboss read -
领英推荐
So, what have you learned? And what do you need to unlearn?
Outcomes are all downstream of habits, decisions, actions...where we are with our retirement system here in America is...absolutely nowhere. It doesn't really exist because there no 1 or 10 or even 1000s of different flavors or variations - there are hundreds of millions. We are each alone, essentially, forced to cobble something together with a terrible lack of education, preparation, consideration, illumination. I don't blame the individuals; they've responded to millions of stimuli from millions of vendors with flashy attention-grabbing messages promising to end, if only temporarily, the needs, urges, wants and desires that millions of years of evolution have created in all of us.
We're only human. And we want to avert loss. Knowing that much, at the very least, prepares us to react with perspective, logic, longer term goals. To think. Fast and slow.
Secure the bag
Advocate for financial education, literacy, and independence. Advisory solutions and problem solving for businesses; risk management, business planning, building brand equity, capital raising and more.
8 个月Ben Carlson, CFA on the most important concept in finance (and I'd argue, beyond) https://awealthofcommonsense.com/2024/03/the-most-important-concept-in-finance/
Advocate for financial education, literacy, and independence. Advisory solutions and problem solving for businesses; risk management, business planning, building brand equity, capital raising and more.
8 个月Excellent tribute from the excellent Jason Zweig on the The Wall Street Journal - https://www.wsj.com/finance/investing/daniel-kahneman-behavioral-economics-270c9797
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8 个月Great read Ariel Serber I loved this book. But a great reminder to reread it.
Business Owner at TKT home made mosla products
8 个月Great share Ariel Serber
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8 个月great tribute Ariel Serber - thank you