About This Show
The DutyLife's show is all about providing and helping aspiring entrepreneurs,entrepreneurs,business owners,CEO,CFO,Marketing Managers,Policy Makers,Individuals- how to make decision under incomplete information , incomplete understanding and how to build system where mistake can occur without threaten the system and most importantly control recycle and use as fuel from improvement.
Most Recent Episode
How to avoid The Mistake of Using Hindsight as foresight?
Aug 7 17
How to avoid The Mistake of Using Hindsight as foresight? Hey buddy, its Jerome- have you ever have some of these challenges: You attend expensive programs, seminars, webinars which promise meaningful outcome-which turn out not to deliver- the expected results especially when you implemented the nuts and bolts, you work hard – you took continuously take risk over and over nothing work and at worst you go bankrupt or you hear and see people who? Me too “Me too- I also went through that-when I started my new entrepreneurial and investment journey. I read books ……well narrated ………………. I went broke not because I did not know what I was doing but because did not know what I did not know. let me give you the framework of how to think about avoiding at looking in the review mirror – with the firm conviction we are looking ahead, hence using hindsight as foresight that will allow save you by avoid tones of psychological, mental, relational and money pitfalls, worries and anxiety and most importantly generate the good ones Counterfactual any big take away you get from the program” see taleb critic here” Look – in general we should be cautious about narrative, stories When we look at events, we tend to look at cause that are visible to us and we forget or scorn the cemetery of silent evidence “The things that are not obvious and sailing to us”, because history tend to kill a lot of information that were not deem to be relevant to us at the time. Let me give an example: 2-Simulate not to see what will happen- but what may happen I went from broke to overnight in less than one year 70.0000 downloads on libsyn.This is by the way not even 3-Avoid the question what is going to change in a decade and focus on what is not going in a decade. In our 3 online businesses we have, we know that customers – want low price, vast selection and fast delivery. It is impossible to imagine 10 years from now any customer come to me and say Jerome. I would love optionalityprofits if the price were a little bite higher. Why? well because you can build a business strategy on things that are stable in time My whole point here is those of us who have their nose glue to th