We make mistakes because our brains are not suited to the processes of rational decision making.
If errors happen, we need to ensure that they have some positive impact; we need to learn from them.
Although blame is a natural reaction, it benefits the business to create a no-blame culture.
A no-blame culture implies that those who get bad results, but make decisions in the right way, should be rewarded.
The smart organization builds up its collective learning and decision-making ability to ensure a brighter future.
Keep INVESTING Simple and Safe (KISS) ****Investment Philosophy, Strategy and various Valuation Methods**** The same forces that bring risk into investing in the stock market also make possible the large gains many investors enjoy. It’s true that the fluctuations in the market make for losses as well as gains but if you have a proven strategy and stick with it over the long term you will be a winner!****Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.
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