Mindsets: Is Talent Like a Hard Piece of Rock, Or Like a Stretchable Muscle?

Researchers have done extensive studies on the effects of one’s approach to learning on her ability to attain mastery. Dr. Carol Dweck—a leading researcher in this field who wrote the book Mindset: The New Psychology of Success—makes the distinction between fixed and growth mindsets.People with fixed…

Circle of Competence: How Warren Buffett Avoids Failures

In 1996, Warren Buffet gave the following advice to his investors in the 1996 Shareholder Letter:What an investor needs is the ability to correctly evaluate selected businesses. Note that word “selected”: You don’t have to be an expert on every company, or even many. You only have to…

Prospection: Why We Would Rather Think About The Future Than Get There

“The human being is the only animal that thinks about the future.”—  Daniel Gilbert, Stumbling on HappinessThinking about the future can be pleasurable. And most likely when you think about the future, you find yourself achieving and succeeding, rather than fumbling and falling.This is what happens when you set…

Imposter Syndrome: You Deserve What You’ve Achieved

Do you ever feel like a “fraud”? Do you ever feel that you would be exposed soon? Do you feel that you simply inherited your qualities and accomplishments, and got everything easy by just being lucky —that you might not really deserve the success you enjoy right now?A friend…

The Narrative Fallacy: The Story of Your Life is Most Likely a Sham

Last night, I was reading the memoir of a best selling author. Here’s an excerpt:“When I was growing up I had the great privilege of being home schooled. For me that meant personalised attention, learning at my own pace, more discipline, and ultimately being able to graduate a…

Hindsight Bias: The Psychology Behind, “I knew it all along.”

Neha is a business development manager who is trying out a new business idea. She has been told by her superiors that it’s very tricky and most likely it won’t be successful. But she feels it in her gut that her idea would work.With her good argumentation…