There’s heaps of fascinating research about the many behavioral biases we are all subject to as individuals.
These include remarkable optical distortions and the way we miss the obvious when we are concentrating on something else. We have a tendency to overestimate ourselves - most famously 90% of drivers assess themselves as above average in ability. We have an attachment to what we already own - how come we won’t buy concert tickets from scalpers at an inflated price, and simultaneously won’t sell tickets we own at face value? We also tend to overweigh risks, even against the chance of regret rather than actual loss.
It’s no surprise then that group decisions are even more flawed.
So how can we overcome biased decision making?
Here are some biases that we often see, followed by some techniques we use to overcome them. We have found that by applying these techniques companies can make better decisions, which in turn increases their resource reallocation and creates more profitable growth.
When angels and venture capitalists started flooding the market with cash 20 years ago, people forgot that bootstrapping was the way most companies used to get started. Because it deserves to make a comeback as the best way to think about starting a company, I've shared here, my 4 rules for bootstrapping.
There’s heaps of fascinating research about the many behavioral biases we are all subject to as individuals.
These include remarkable optical distortions and the way we miss the obvious when we are concentrating on something else. We have a tendency to overestimate ourselves - most famously 90% of drivers assess themselves as above average in ability. We have an attachment to what we already own - how come we won’t buy concert tickets from scalpers at an inflated price, and simultaneously won’t sell tickets we own at face value? We also tend to overweigh risks, even against the chance of regret rather than actual loss.
It’s no surprise then that group decisions are even more flawed.
So how can we overcome biased decision making?
Here are some biases that we often see, followed by some techniques we use to overcome them. We have found that by applying these techniques companies can make better decisions, which in turn increases their resource reallocation and creates more profitable growth.
When angels and venture capitalists started flooding the market with cash 20 years ago, people forgot that bootstrapping was the way most companies used to get started. Because it deserves to make a comeback as the best way to think about starting a company, I've shared here, my 4 rules for bootstrapping.
What makes your organisation different? Knowing the answer could mean the difference between low and high employee engagement. Discover Tammy Erickson's three-step fix.
Seth Godin in 'This Is Marketing' brings together all his jotted down thoughts of last two decades on marketing from 'Permission Marketing', 'Purple Cow', 'Tribe', 'Knock Knock', 'Marketers are Liars' and MarketingSeminar and so many more. 'This Is Marketing' will serve as a compass for all marketers young and old on how to do marketing in a way that fulfills them. Created this deck as a reference notes for myself with key principles distilled from the book
Mel feller looks at things to avoid as a startup business by mel fellerMel Feller
Mel Feller Looks at Things to Avoid as a Startup Business by Mel Feller Looking at American statistics, which are resounding true for even a dynamic economy like the one we are experiencing now. A sobering thought is that according to the Small Business Association, roughly a third of startups last just two years, and about half survive to five years. Therefore, if you are planning to begin a small business, 50/50 odds for survival past five years is not pleasing news. If there is any good news of the reasons they do not survive it
The Review of the ideas in Michael E. Gerber's book: "The E-Myth Revisited" shows that not all small businesses are started by entrepreneurs. In fact, most of the businesses are started by technicians who enjoy hands-on work and making new products. Therefore, they are too focused on issues within the business, rather than the business as a whole. This summary explains how to make your company become a hands-on product and how to implement that process. And it highlights that in order to end as a mature company, you must also begin as one, at least in your thinking.
"Building an Epic Brand" at SaaStr Annual 2016saastr
Jeff Yoshimura, marketing leader at Salesforce, Zuora and Elastic, shares his insights into what it really takes to build an epic brand at SaaStr Annual 2016 held in San Francisco Feb 9-11th. www.saastrannual.com
Start Me Up - 6 Steps to Launching Your Own Startup CompanyClint Edmonson
Have a great idea for a business but don’t know how to get it off the ground? Join us in this session for a lively discussion on how to launch a new internet based startup business from the ground up.
What makes your organisation different? Knowing the answer could mean the difference between low and high employee engagement. Discover Tammy Erickson's three-step fix.
Seth Godin in 'This Is Marketing' brings together all his jotted down thoughts of last two decades on marketing from 'Permission Marketing', 'Purple Cow', 'Tribe', 'Knock Knock', 'Marketers are Liars' and MarketingSeminar and so many more. 'This Is Marketing' will serve as a compass for all marketers young and old on how to do marketing in a way that fulfills them. Created this deck as a reference notes for myself with key principles distilled from the book
Mel feller looks at things to avoid as a startup business by mel fellerMel Feller
Mel Feller Looks at Things to Avoid as a Startup Business by Mel Feller Looking at American statistics, which are resounding true for even a dynamic economy like the one we are experiencing now. A sobering thought is that according to the Small Business Association, roughly a third of startups last just two years, and about half survive to five years. Therefore, if you are planning to begin a small business, 50/50 odds for survival past five years is not pleasing news. If there is any good news of the reasons they do not survive it
The Review of the ideas in Michael E. Gerber's book: "The E-Myth Revisited" shows that not all small businesses are started by entrepreneurs. In fact, most of the businesses are started by technicians who enjoy hands-on work and making new products. Therefore, they are too focused on issues within the business, rather than the business as a whole. This summary explains how to make your company become a hands-on product and how to implement that process. And it highlights that in order to end as a mature company, you must also begin as one, at least in your thinking.
"Building an Epic Brand" at SaaStr Annual 2016saastr
Jeff Yoshimura, marketing leader at Salesforce, Zuora and Elastic, shares his insights into what it really takes to build an epic brand at SaaStr Annual 2016 held in San Francisco Feb 9-11th. www.saastrannual.com
Start Me Up - 6 Steps to Launching Your Own Startup CompanyClint Edmonson
Have a great idea for a business but don’t know how to get it off the ground? Join us in this session for a lively discussion on how to launch a new internet based startup business from the ground up.
AIIM Conf - Work, Content and Next 10 YearsJohn Newton
The transformation of work will accelerate faster in 10 years than ever before and content will be even more important for that work. New technologies will simplify and focus our working lives allowing us to be more creative, collaborative and productive. The very nature of work and work-related software will not necessarily resemble the way we do things today. Over the next 10 years, the way we collaborate, share and create will be turned upside down from the complex environment of today to a future of simple execution. John Newton will explore the business transformation that is entering office environments today to inspire attendees to envision what it will be like to work in a future of easy, intelligent technology.
#254 - Vanligaste totalavkastningen för en enskild aktie är -100 %... | Del 5...Jan Bolmeson
I flera år har vi tjatat om att inte försöka leta efter nålarna i höstacken utan att mycket hellre köpa hela höstacken i form av alla aktier, i alla länder, i alla sektorer i alla storlekar. Idag går vi genom exakt hur lönlöst det är att investera i enskilda aktier och hur oddsen är emot en.
Dagens avsnitt är en fristående fortsättning på vår serie utifrån Nick Magiullis bok "Just. Keep. Buying.". Precis som vanligt tar vi avstamp i boken, försvenskar och dyker ner på djupet - denna gången i vetenskapliga studier och rapporter.
Det finns framförallt två argument mot att investera i enskilda aktier. Ett finansiellt och ett existentiellt. Det finansiella argumentet bygger på flera vetenskapliga studier bl.a. Barras (2010), Bessembinder (2018, 2020), SPIVA m.fl. Dessa forskare har undersökt långa tidsperioder på börsen och bland annat konstaterat följande fakta:
- Fler än 9 av 10 professionella förvaltare slår INTE en billig indexfond/fondrobot (läs: höstacken) över lång tid (30 år)
- Professionella förvaltare är bättre än småsparare på överprestera mot index vilket leder till att småsparare är ännu sämre än proffsen (vilket är logiskt).
- Endast ca 4 % av alla aktier står för hela uppgången på börsen
- Experter har mindre än 50 % rätt i sina förutsägelser om framtiden på marknaden
Men det som stack ut för mig dagens avsnitt var nya studier:
- 96 % av alla enskilda aktier slår inte en lågrisk räntefond
- 4 % av alla enskilda aktier stod för all överprestation mot en räntefond
- Avrundat till närmsta 5 % så är den vanligaste livstidsavkastningen (=totalavkastning) för en börsnoterad aktie -100 %, dvs total förlust
- Av 28 853 bösnoterade aktier mellan 1950 - 2009 så finns 22 469, dvs 78 procent, inte längre kvar på börsen.
- Globalt stod 947 av 63 105 aktier för det totala värdeskapandet
Den svåra frågan till följd av det finansiella argumentet: "Kan jag vara säker på att plocka ut de där fåtalet vinnarna (4 %) när proffsen inte klarar det?"
Det existentiella argumentet berör svårigheten att ens utvärdera huruvida man kan vara säker på att det var skicklighet och inte tur om man väl väljer en vinnare. I sport kan man på en timme se om någon är duktig på basket eller schack, men det går inte på en timme identifiera en duktig investerare. Särskilt eftersom utfallet till så pass stor del beror på slump.
Det är självklart helt okej att investera i enskilda aktier för skojs skull. En hobby får ju lov att kosta pengar då det ger andra mervärden. Men om man är seriös kring att tjäna pengar och leva på dem, så är vår rekommendation att investera basen i globala indexfonder / fondrobot, ha de enskilda aktierna i en lekhink och framförallt konstant mäta och utvärdera sina enskilda innehav mot index.
Tack för denna vecka,
Jan
Länkar
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Artikeln: https://rikatillsammans.se/enskilda-aktier
Checkout Dividend Stocks Research for free Articles! Http://www.dividendstocksresearch.com/dividend-newsletter
Want to find a good deal on the top dividend paying stocks in an expensive stock market? Here’s where to look.
Fagnum is a new way to celebrate content marketing. Fagnum is a thriving content publishing and marketing platform to help the budding startups, bloggers, filmmakers, websites and content writers to help them grow and flourish.
http://www.fagnum.com
Want to find the top dividend stocks without falling into the dangerous trap of chasing high yield? Here’s where to look for great deals on solid stocks.
$BABA $ACGBY $LEG $LANC $SCL
Checkout Dividend Stocks Research for free Articles! Http://www.dividendstocksresearch.com/dividend-newsletter
Want to find some excellent high dividend stocks? Take a history lesson. See why today’s high yield doesn’t hold a candle to yesterday’s history.
A short presentation on sales extracted from a very good and useful book "The Psychology of Selling" written by famous guru Brian Tracy.
Will upload more from this book in due course for the readers.
Let’s take a closer look at the real numbers.
In 2014 to max out your 401K and IRA. A single investor will have a negative cash flow of $1916.67, and worst of all, you cannot touch that money until you are 65 years old. That could cost you close to $20,000 in management fees with investment returns of lower than 8% based on the old speculation module. But I know we can do better than this; in fact, much better.
If you apply your capital to the Arbitrage Strategy—first, your money will never be frozen and you can have access to it whenever you want and not 30 years from now.
Second, given the investment terms of a CD at 2%, a loan at a 5% and a preferred share yielding 8%, you will have a positive monthly cash flow of $172.68—producing free capital now so you can afford the lifestyle you deserve today!
Unlike the 401K and IRA strategy that needs a lifetime to work in your favor, the Arbitrageur Investing System will help you reap the rewards of all your hard work now rather than later.
Which do you prefer: pay the bank $2,000 a month for a chance to play later at 65, or have it pay you $200 now so you can enjoy the present without having to dream about the future?
Inside the Arbitrageur Investing System, I will take you by the hand and show you step-by-step how to achieve these financial returns.
We will go from module one, describing how to raise investment capital, all the way to module four, where you will be able to create your very own income portfolio, just as I did. This system includes practical examples and case studies with an interactive and customizable calculator. Which will do all the hard math for you so you do not have to, thus meeting all your individual investment needs, conditions, and terms.
In module one, you will learn the 7 ways to raise investment capital from scratch. Plus, you will learn how to adjust your tolerance for risk according to your personal profile.
In module two, you will learn how to invest under a corporate structure in order to maximize your returns while simultaneously minimizing your taxes.
In module three, you will learn how to invest like Buffett. And pull the same exact $300,000,000 trade he pulled on Bank of America and Goldman Sachs. Here, you will learn how to beat the investment bankers at their own game.
In module four, you will learn all the technicalities and fundamentals of investing, including tools and calculators that will do and adjust the math of the system to your own particular investment situation—from trading in complex investment instruments like ETFs all the way to knowing how to operate on margin.
Katalyst wealth a guide to grow your wealth by 190 timesKatalyst Wealth
At Katalyst Wealth we are passionate about sharing our philosophy of value investing, and enabling every individual to become successful investor. We believe that every individual can become a successful investor because successful investing is more about the following few very basic things:
1. Common Sense
2. Leveraging the 8th wonder of the world i.e. Compounding
3. Patience and
4. Overcoming our EGO
Most people believe Equity analyst’s to be super intelligent and correlate successful investing with Intelligence Quotient (I.Q.); however we would like to clear this myth and bring to light the fact that the most intelligent of all Albert Einstein faltered in investing. So it’s more about Emotional Quotient and Common Sense when it comes to investing in stocks.
7 Doable Ways to Become a Billionaire
Invest in stocks and mutual funds. ...
Start your own business. ...
Purchase property in high-value areas and rent it out. ...
Create a product or service that is in high demand and has low competition. ...
Create opportunities. ...
Find a high-paying and stable job. ...
Maintain your wealth
Don't: Think You Know It All
The moment you think you have nothing left to learn is the moment you kill your potential for becoming a billionaire. Especially if you're interested in building your wealth through inventing or innovating, you have to be curious, open-minded, and always learning. Those qualities allow you to look at old things in a new way, to see the potential for change and profit where others see only what already had been done.
Don't: Make Flashy Investments
The latest and greatest investment opportunity may be fun to talk about, but one of the pitfalls of would-be billionaires is to jump in on the "next big thing," which doesn't always turn out to be so big. Investors who make billions from their investments avoid flashy, fun, and high-risk picks and instead choose those with long-term potential to provide great returns. Real estate, energy, steel, telecommunications, pharmaceuticals, and energy are among the picks, while high-tech and intriguing but risky options may go either way.
7
Don't: Quit Too Soon
Entrepreneurial types who succeed realize that success rarely comes overnight. One business idea might not pay off, but the next might. It's not easy to build something from scratch, especially when your something is a fortune of billions. Time is on your side if you don't rush it.
It isn't easy to become a billionaire especially if you haven't already made millions. You will need time, patience, investment savvy, and entrepreneurship to become a billionaire unless you are born into a family with billions that you stand to inherit.
Checkout Dividend Stocks Research for free Articles! Http://www.dividendstocksresearch.com/dividend-newsletter
Want to play it safe with your dividend stocks? Use my technique for spotting dividend cuts before they happen. Here’s how.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
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Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
7. “… if you stick to buying good companies … and to buying those companies only at bargain prices … you can end up systematically buying many of the good companies that crazy Mr. Market has decided to literally give away.” -- The Little Book That Beats The Market (p. 45)
15. “… what would happen if we decided to only buy shares in good businesses (ones with high returns on capital) but only when they were available at bargain prices (priced to give us a high earnings yield)?”
16. “ What would happen? Well, I’ll tell you what would happen… We would make a lot of money!” -- The Little Book That Beats The Market (p. 51)
17. From 1988-2004, “owning a portfolio of approximately 30 stocks that had the best combination of a high return on capital and a high earnings yield would have returned approximately 30.8 percent per year.” -- The Little Book That Beats The Market (p. 52) Note: The S&P 500 index returned 12.4 percent per year
18. Question: Why will the Magic Formula continue to work after everybody knows about it?
19. Question: Why will the Magic Formula continue to work after everybody knows about it? Answer: Because it doesn’t always work
20. “ The magic formula portfolio fared poorly to the market averages in 5 out of every 12 months tested.”
21. “ For full-year periods, the magic formula failed to beat the market averages once every four years.”
22. “ For one out of every six periods tested, the magic formula did poorly for more than two year in a row.”
23. “ During those wonderful 17 years for the magic formula, there were even some periods when the formula did worse than the overall market for three years in a row!” -- The Little Book That Beats The Market (p. 70)