Gustavo Ballvé on September 9th, 2014
Food for thought, Home, Mental models

Interesting post by the CEO of RBC’s US Wealth Management unit on LinkedIn’s Pulse – an interesting and improving source, by the way. Mr. Taft highlights the power of Buffett’s punch card analogy for investments, which by itself would be an useful reminder when we are in “dayly grind” mode. I’ve posted directly and indirectly about “waiting for the fat pitch” in other occasions, as you can see herehere and here .

Then he takes it to another, more personal level, and reminds us that the analogy applies to (even) bigger life decisions as well: you will probably make 10-20 life-changing / -defining decisions in your lifetime, so make sure you have the resources/ processes/ mental models to make the best possible decision at each time.

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