Mar 30, 2020
Podcast theme: Discretion OVER Rules
Human Beings perform better with clarity or certainty. That translates to the importance of setting parameters or even rules.
The wild west of investing, in a market driven economy, performs more effectively with strict guidelines. During the #COVID19 crisis, this is once again made very clear.
Making a set of standards effective is dependent on constantly or regularly reevaluating any standard or rule set to ensure it's meeting the needs and achieving the desired effect or outcome.
Podcast tip: set standards, clear expectations for yourself, monitor them and reevaluate over time with evidence.
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