15 Best Practices Doug Hirschhorn Observed As A Peak Performance Coach To PMs At Hedge Funds

Discussion in 'Wall St. News' started by dealmaker, Feb 6, 2016.

  1. dealmaker

    dealmaker

  2. botpro

    botpro

    8) Talk and think in terms of % and BPS rather than $.

    Well said! Especially our American friends need to learn this!... ;-)

    For example when they say "company xyz (or I) made $10 million last quarter".
    Hey, come on! This is a bullshit statement without any mathematical significance
    as there is missing the info about the "effort", ie. the invested capital to make that profit...
    For example if he used 1 billion then the 10 million makes up only 1%, ie. just peanuts...
     
    Last edited: Feb 7, 2016
    K-Pia likes this.
  3. K-Pia

    K-Pia

    The Pb is that those best practices may be observed with laggards too.
    That is a bias called "Survival Bias". You observe only winners,
    Draw conclusions about success from that specific category,
    But if you would glance over those that gone exctinct,
    You would have noticed they shared the same traits.

    Don't bother you with those self delusion practices.

    Lots of guys that fail breathe like Steve Jobs.
    And lot of them that win, breathe totally differently.

    Good Luck.