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Oh Yes...to a happy ending
In this article, the author discusses the concept of "six degrees of separation" and how it can impact our financial decisions. The author recounts a conversation with a corporate guy who explained that Rana Kapoor, the former CEO of Yes Bank, had an extensive network of connections that remained intact even after he left the bank. The author reflects on their own struggles with making quick and emotionless decisions about money, despite having a good amount of information and awareness. The article also touches upon the "boiling frog syndrome," where humans adjust to changing situations until it's too late, leading to poor decision-making. Overall, the author highlights the importance of building a system that breaks the six degrees of separation and allows for prompt and emotionless decision-making when it comes to investing.The key takeaways from this article are:1. The six degrees of separation concept suggests that every person is connected to every other person through six relationships, which can impact financial decisions.2. Rana Kapoor's extensive connections show how building a network of relationships can remain intact even after leaving a position.3. Our behavior towards money is influenced by personality traits rather than intelligence or awareness.4. Emotional decision-making can lead to poor choices, as seen in the "boiling frog syndrome."5. Building a system for prompt and emotionless decision-making can help avoid this trap and make better financial decisions.
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