Weekly Digest – Improving work productivity

First up hope you have read

The most read article on Tankrich ever –  understanding competitive advantages

Also read this case study on bad economics Vs Good management

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In today’s weekly digest first up Jessica Stillman teaches us ” How to Get All Your Work Done in Half the Time”  Here are few simple tricks shared

1. Use Pomodoro technique – work in 25-minute sprints of single-minded focus to get maximum productivity

2.  Choose tasks wisely – To enable emotional satisfaction

3.  Forget 9 to 5 –  Focus on managing your energy not time

So get your work schedule corrected from long 60 hours+ week to more manageable 40+ and enjoy life. Read the complete article here

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“Nobody ever died of discomfort, yet living in the name of comfort has killed more ideas, more opportunities, more actions, and more growth than everything else combined. Comfort kills!” T. Harv Eker

Read this article to motivate yourself to push a little harder in life

By pushing yourself into new areas you will have a chance to authentically define who you are, and break free of the limitations of what others think you should be

Do it in small steps because as we all know small is big, small little changes over a period bring profound change almost effortlessly.

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Last article is on Cognitive dissonance

Cognitive dissonance occurs in the mind of an individual when a theoretical belief system is confronted by factual evidence demonstrating outcomes contrary to what theories dictate should occur

Stated more plainly, when facts conflict with beliefs people find ways to ignore those facts, rationalizing them in a way that allows the dis-proven ideas to survive. In investing circles this is also visible in confirmation bias. I will give you an example from our model portfolio

I bought Selan exploration based on note sent by one of the value investor I admire, but there was no rational that I could convince myself that it is a value buy. So what did I do instead of ignoring advise I started looking for positive confirmation of my bias, Eventually I bought the stock in Model portfolio, thankfully sense prevailed and I sold it too because one should hold onto stocks bought for unknown reasons.  I will conclude by quoting article

In investing, just because you have human failings doesn’t mean you have to act upon them