What I learned from Prof. Sanjay Bakshi’s Behavioral Economics Course at FLAME University

I had the privilege to attend Prof. Sanjay Bakshi’s Behavioral Economics course at FLAME University. Being his student since 2011, I realized my dream by sitting in his class for 3.5 days. Prof. Bakshi taught us around 20 different models from Charlie Munger’s Psychology of Human Misjudgement. His presentation included examples from multiple disciplines including…

The idea of servanthood and putting teams first

Can we trick our brain into attaching a rubber hand as its own? Rubber Hand Illusion, as shown in the video, rewires our brain to accommodate the new rubber hand. If our brain can be rewired to accommodate a rubber hand, then can we change it to go beyond the limit of its physical body…

Nothing new under the sun

Peter Bevelin is a master in extracting critical passages from great books. He organizes these key passage into themes. Some of the advantages of the theme-based organization are easy lookup, easy recall, and it helps our associative brain as themes act as the central node on which we can hang other ideas and experiences. Click…

What gets measured gets improved

A wise man showed the image below to me and a few others. He told us the following. To be successful in any pursuit one needs to work hard and keep improving a tiny bit every day. What matters the most is not the magnitude of daily progress. But tiny progress over long periods of…

Munger’s Psychology Mindmapped

If you want to know about the properties of elements then you should read the periodic table. If you want to know about the solvency of a company then you should look at its balance sheet. What if we want to learn about our own irrationality? Without any doubt I would read Munger’s psychology of human misjudgment. I came…