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    Collaborative FundMorgan Housel7/29/207 min
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    Collaborative Fund
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    • Ruchita_Ganurkar2 years ago

      Daniel Kahneman’s book Thinking, Fast and Slow is a play on his idea that you have two types of thinking: System 1, which is fast and instinctual (cat locking its limbs out) and System 2, which is slow and deliberate (cat relaxing and pushing its limbs horizontally). So much need to think slowly, wait for more data, and come up with a plan that isn’t a forced reaction to a single piece of news.