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jerryking : emotions   19

Opinion | The Wisdom Your Body Knows - The New York Times
By David Brooks
Opinion Columnist

Nov. 28, 2019

** “How Emotions Are Made” by Lisa Feldman Barrett.
This has been a golden age for brain research.....we mistakenly believe that thinking happens only from the neck up.......scientists are now focusing on the thinking that happens not in your brain but in your gut. You have neurons spread through your innards, and there’s increasing attention on the vagus nerve, which emerges from the brain stem and wanders across the heart, lungs, kidney and gut. The vagus nerve is one of the pathways through which the body and brain talk to each other in an unconscious conversation. Much of this conversation is about how we are relating to others. Human thinking is not primarily about individual calculation, but about social engagement and cooperation.....When you enter a new situation, Porges argues, your body reacts. Your heart rate may go up. Your blood pressure may change. Signals go up to the brain, which records the “autonomic state” you are in....

a main purpose of the brain is to read the body, and to regulate "the body budget". Spotting a bully on the playground may cause one's brain to predict actions, speeds heart rates and breathing to deal with it. We experience these changes as emotion — e.g. fear, anger, etc. — because our brain has created an emotion concept [JCK - a lexicon??] to make those physical changes meaningful.

“You might think that in everyday life, the things you see and hear influence what you feel, but it’s mostly the other way around: What you feel alters your sight and hearing,”....... Under the old brain-only paradigm, we told people to self-regulate their emotions through conscious self-talk. But real emotional help comes through co-regulation. When a mother and a child physically hold each other, their bodily autonomic states harmonize, connecting on a metabolic level. Together they move from separate distress to mutual calm........the Welch Emotional Connection Screen, which measures the emotional connection between mothers and pre-term babies. ....When we step back and see the brain and body thinking together, the old distinction between reason and emotion doesn’t seem to make sense. Our perception of the world is shaped by the predictions our brains make about our physical autonomic states. It is vital to teach emotional granularity, something our culture pays almost no attention to. We’re not separate brains, coolly observing each other. We’re physical viscera, deeply interacting with each other. The important communication is happening at a much deeper level.
biology  Communicating_&_Connecting  David_Books  digestive_systems  emotional_connections  emotions  gastrointestinal  guts  human_anatomy  human_behavior  human_brains  logic_&_reasoning  mental_health  metabolism  op-ed  physical_touch  physiological_response  psychology  stress_response  thinking  wisdom 
12 weeks ago by jerryking
Artificial intelligence and jobs: What’s left for humanity will require uniquely human skills - The Globe and Mail

Where should we look for this final archipelago of human employment? The best place to start is deep within ourselves. As much as we pride ourselves on advanced skills such as mathematics and chess, humans are not born innately aware of algebra or checkmate. We are, instead, a social species. We are born innately aware of others, their reactions to us and our relationships with them. Removing a person from a social environment is so harmful that it is deemed to be a form of torture and is banned by the Geneva Convention.

When we attempt to use machines to replace the role of humans in our social lives, the response is immediate and negative......we, as a society and as a species, don’t want AI to replace our social interactions and our relationships. It’s a part of what makes us human and it’s a part that we intend to keep.....areas where we don’t desire AI replacement: relationships, trust, guidance, caring, nurturing and social interaction are traits that these post-AI jobs will share.
artificial_intelligence  automation  relationships  emotions  emotional_intelligence  empathy  EQ  humanity  creative_destruction  Joseph_Schumpeter  character_traits  AlphaGo  IBM_Watson 
july 2018 by jerryking
Wilbur Ross brings art of restructuring to Team Trump
JANUARY 21, 2017 | FT| by: Philip Delves Broughton.

“When you start out with your adversary understanding that he or she is going to have to make concessions, that’s a pretty good background to begin.”

So all this stuff about tariffs and walls and protectionism turns out to be pure gamesmanship.......In his career as an investment banker at NM Rothschild and then running his own business, WL Ross & Co, he has shown repeatedly how he can dive into an industrial dung heap and emerge with a fistful of dollars and not a speck on his silk tie......... Working on his own account, Mr Ross’s most famous deal was his purchase of an ailing group of US steelmakers in 2002, shortly before President George W Bush imposed tariffs on imports of steel. Mr Ross used the protection to fix the operations, cut debt and draft new contracts with workers. He was able to take the company public in 2003 and sell it two years later to the Indian steel mogul Lakshmi Mittal.

He has pulled off similar tricks, mostly successfully in coal mining, textiles and banking, immersing himself again and again in new industries and the minutiae of the laws, trade rules and contracts that govern them.

As a student at Harvard Business School, Mr Ross was mentored by Georges Doriot, a pioneering advocate for venture capital, who said: “People who do well in life understand things that other people don’t understand.”
For bothering to understand things that most people don’t, Mr Ross deserves more credit than he gets. He is often easily dismissed as a vulture or someone who buys low and sells high. But what he has done is hard. The devil in restructuring is in the grinding detail of voluminous contracts and difficult, often highly emotional negotiations.
arcane_knowledge  bankruptcy  contracts  detail_oriented  dispassion  emotions  gamesmanship  Georges_Doriot  hard_work  imports  HBS  inequality_of_information  Lakshmi_Mittal  leverage  messiness  minutiae  moguls  negotiations  new_industries  Philip_Delves_Broughton  preparation  protectionism  restructurings  sophisticated  steel  tariffs  thinking_tragically  unsentimental  vulture_investing  Wilbur_Ross 
january 2017 by jerryking
Some of the Wisest Words Ever Spoken About Investing - MoneyBeat - WSJ
Nov 25, 2016

Investing is often portrayed as a battle between you and the markets. Instead, Graham wrote, “the investor’s chief problem — and even his worst enemy — is likely to be himself.”

Evaluating yourself honestly is at least as important as evaluating your investments accurately. If you don’t force yourself to learn your limits as an investor, then it doesn’t matter how much you learn about the markets: Your emotions will be your undoing....Nobel Laureate Daniel Kahneman with his book Thinking, Fast and Slow.
I’m especially grateful that he taught me this: “The most important question is, ‘What is the base rate?’”....Michael Mauboussin, a strategist at Credit Suisse, has taken that hint and compiled base rates for all sorts of corporate measures, so investors can readily check a company’s projections against reality.....From the economist and investing writer Peter Bernstein, who died in 2009, I learned about Pascal’s wager: You must weigh not only the alluring probabilities of being right, but the dire consequences of being wrong....Finally, Mr. Bernstein never tired of emphasizing that we can never know the future — least of all at the very moments when it seems most certain....Richard Dawkins pointed out in a lecture in 1996, many of us today know more about the world around us than Aristotle, the greatest mind of his age, did more than 2,300 years ago: “Science is cumulative, and we live later.”

Investing knowledge is also cumulative, and we all benefit from those who have already learned — and taught — how it works.
investing  investors  gratitude  Peter_Bernstein  wisdom  economists  Jason_Zweig  ETFs  books  Benjamin_Graham  pretense_of_knowledge  base_rates  Michael_Mauboussin  self-awareness  self-analysis  self-reflective  proclivities  probabilities  Pascal’s_wager  Daniel_Kahneman  delusions  self-delusions  emotions  Achilles’_heel  cumulative  Nobel_Prizes 
november 2016 by jerryking
The charismatic lord of chaos
November 2015 | FT | Janan Ganesh.

“More time to study”, Mourinho theorises, is what makes undistinguished footballers great managers. ...knew early on that management was his calling....Already multingual and obsessed by the fine margins that decide matches, he left business school after a day to study sports science at the Technical University of Lisbon.From there he chased coaching qualifications and passed through several clubs until a beguiling offer came in 1992. Bobby Robson, Sporting Lisbon's new English manager, needed an interpreter. The job would divert Mourinho from coaching but would acquaint him with a wise elder of the game.... Proximity to megastars taught him his tactical mastery would amount to nothing without the charisma to bend millionaires to his will. He took the education home, where he worked his way to Porto as head coach.....The Mourinho method blends logic with emotion. The coach wins by devising sophisticated game plans, but also by creating an intense working atmosphere that eventually burns itself out.
soccer  coaching  strategic_thinking  questions  logic_&_reasoning  emotions  Janan_Ganesh 
november 2015 by jerryking
Membership Experience Not Membership Math
Posted by Amanda Kaiser on Sep 5, 2014

How do you move members away from doing that mental math? How do you make joining less transactional and focus more on experience?

Help members solve more important problems

Our visits to the zoo solve many problems for me. Superficially, we are active and outside – but I can get this at a playground. More importantly, we are having fun and learning something. Most important, I believe that experiences like this can help teach my son those life skills that will help him be well rounded, fulfilled and giving person.

The zoo markets fun and learning but stories from higher up the list of mom’s needs would resonate far more. You see this play out successfully with the big brands. Harley Davidson means freedom not transportation. Coke means youth and fun not sugar water.

You can provide the most value when you help solve your member’s most important problems.

Provide special member experiences

Many member benefits lists read like a math equation: 10% off for members, a $50 savings, and 1 free guest. This is hardly compelling reading and it is not so compelling in the decision making process either. The logic is there but the emotion is missing.

How to help LBMA members package the emotional benefits of joining so that they can be shared back at their companies?
memberships  LBMA  associations  branding  transactional_relationships  brands  value_propositions  experience  emotions  OPMA  worthwhile_problems 
july 2015 by jerryking
The Biology of Risk -

What is it about risk taking that so eludes our understanding, and our control?

Part of the problem is that we tend to view financial risk taking as a purely intellectual activity. But this view is incomplete. Risk is more than an intellectual puzzle — it is a profoundly physical experience, and it involves your body...Risk by its very nature threatens to hurt you, so when confronted by it your body and brain, under the influence of the stress response, unite as a single functioning unit....The state of your body predicts your appetite for financial risk just as it predicts an athlete’s performance.

If we understand how a person’s body influences risk taking, we can learn how to better manage risk takers. We can also recognize that mistakes governments have made have contributed to excessive risk taking.

Consider the most important risk manager of them all — the Federal Reserve. ...Uncertainty over the timing of something unpleasant often causes a greater challenge response than the unpleasant thing itself. Sometimes it is more stressful not knowing when or if you are going to be fired than actually being fired. Why? Because the challenge response, like any good defense mechanism, anticipates; it is a metabolic preparation for the unknown....Most models in economics and finance assume that risk preferences are a stable trait, much like your height. But this assumption, as our studies suggest, is misleading. Humans are designed with shifting risk preferences. They are an integral part of our response to stress, or challenge.......[JCK from David Brooks -The Wisdom Your Body Knows scientists are now focusing on the thinking that happens not in your brain but in your gut. You have neurons spread through your innards, and there’s increasing attention on the vagus nerve, which emerges from the brain stem and wanders across the heart, lungs, kidney and gut. The vagus nerve is one of the pathways through which the body and brain talk to each other in an unconscious conversation. ].......One such opportunity is a brief spike in market volatility, for this presents a chance to make money. But if volatility rises for a long period, the prolonged uncertainty leads us to subconsciously conclude that we no longer understand what is happening and then cortisol scales back our risk taking. In this way our risk taking calibrates to the amount of uncertainty and threat in the environment.

Continue reading the main story
Under conditions of extreme volatility, such as a crisis, traders, investors and indeed whole companies can freeze up in risk aversion, and this helps push a bear market into a crash. Unfortunately, this risk aversion occurs at just the wrong time, for these crises are precisely when markets offer the most attractive opportunities, and when the economy most needs people to take risks. The real challenge for Wall Street, I now believe, is not so much fear and greed as it is these silent and large shifts in risk appetite....As uncertainty in fed funds declined, one of the most powerful brakes on excessive risk taking in stocks was released....There are times when the Fed does need to calm the markets. After the credit crisis, it did just that. But when the economy and market are strong, as they were during the dot-com and housing bubbles, what, pray tell, is the point of calming the markets? Of raising rates in a predictable fashion? If you think the markets are complacent, then unnerve them. Over the past 20 years the Fed may have perfected the art of reassuring the markets, but it has lost the power to scare. And that means stock markets more easily overshoot, and then collapse.

The Fed could dampen this cycle. It has, in interest rate policy, not one tool but two: the level of rates and the uncertainty of rates. Given the sensitivity of risk preferences to uncertainty, the Fed could use policy uncertainty and a higher volatility of funds to selectively target risk taking in the financial community....IT may seem counterintuitive to use uncertainty to quell volatility. But a small amount of uncertainty surrounding short-term interest rates may act much like a vaccine immunizing the stock market against bubbles. More generally, if we view humans as embodied brains instead of disembodied minds, we can see that the risk-taking pathologies found in traders also lead chief executives, trial lawyers, oil executives and others to swing from excessive and ill-conceived risks to petrified risk aversion. It will also teach us to manage these risk takers, much as sport physiologists manage athletes, to stabilize their risk taking and to lower stress.
Wall_Street  risks  risk-management  risk-taking  uncertainty  U.S._Federal_Reserve  bubbles  volatility  behavioural_economics  risk-preferences  risk-aversion  biology  psychology  interest_rates  emotions  human_experience  financial_risk  signaling  stress_response  market_crash  immobilize  paralyze  bear_markets  policy_tools  physiological_response  risk-appetite  unpredictability  physical_experiences  calibration  human_behavior  human_frailties  human_psyche  metabolic 
june 2014 by jerryking
The Power of 'Thick' Data -
Christian Madsbjerg and
Mikkel B. Rasmussen
March 21, 2014

companies that rely too much on the numbers, graphs and factoids of Big Data risk insulating themselves from the rich, qualitative reality of their customers' everyday lives. They can lose the ability to imagine and intuit how the world—and their own businesses—might be evolving. By outsourcing our thinking to Big Data, our ability to make sense of the world by careful observation begins to wither, just as you miss the feel and texture of a new city by navigating it only with the help of a GPS.

Successful companies and executives work to understand the emotional, even visceral context in which people encounter their product or service, and they are able to adapt when circumstances change. They are able to use what we like to call Thick Data.
thick_data  massive_data_sets  Lego  ethnography  visceral  storytelling  social_data  observations  Samsung  consumer_research  imagination  skepticism  challenges  problems  sense-making  emotions  contextual 
march 2014 by jerryking
What Machines Can’t Do -
FEB. 3, 2014 | NYT | David Brooks.
here is what robots can't do -- create art, deep meaning, move our souls, help us to understand and thus operate in the world, inspire deeper thought, care for one another, help the environment where we live
We’re clearly heading into an age of brilliant technology.computers are increasingly going to be able to perform important parts of even mostly cognitive jobs, like picking stocks, diagnosing diseases and granting parole.

As this happens, certain mental skills will become less valuable because computers will take over (e.g. memorization)

what human skills will be more valuable? The age of brilliant machines seems to reward a few traits. First, it rewards enthusiasm, people driven to perform extended bouts of concentration, diving into and trying to make sense of these bottomless information oceans. Second, the era seems to reward people with extended time horizons and strategic discipline. Third, the age seems to reward procedural architects (e.g. Facebook, Twitter, Wikipedia, etc. , people who can design an architecture/platform that allows other people to express ideas or to collaborate. Fourth, people who can organize a decentralized network around a clear question, without letting it dissipate or clump, will have enormous value. Fifth, essentialists will probably be rewarded--the ability to grasp the essence of one thing, and then the essence of some very different thing, and smash them together to create some entirely new thing. Sixth, the computer is the computer. The role of the human is not to be dispassionate, depersonalized or neutral. It is precisely the emotive traits that are rewarded: the voracious lust for understanding, the enthusiasm for work, the ability to grasp the gist, the empathetic sensitivity to what will attract attention and linger in the mind. Unable to compete when it comes to calculation, the best workers will come with heart in hand.
David_Brooks  Erik_Brynjolfsson  future-proofing  career_paths  MIT  problem_solving  persuasion  Andrew_McAfee  Communicating_&_Connecting  indispensable  skills  Managing_Your_Career  21st._century  new_graduates  focus  long-term  self-discipline  lateral_thinking  sense-making  platforms  emotions  empathy  time_horizons 
february 2014 by jerryking
What Data Can’t Do -
Published: February 18, 2013

there are many things big data does poorly. Let’s note a few in rapid-fire fashion:

* Data struggles with the social. Your brain is pretty bad at math (quick, what’s the square root of 437), but it’s excellent at social cognition. People are really good at mirroring each other’s emotional states, at detecting uncooperative behavior and at assigning value to things through emotion.
* Data struggles with context. Human decisions are embedded in contexts. The human brain has evolved to account for this reality...Data analysis is pretty bad at narrative and emergent thinking.
* Data creates bigger haystacks. This is a point Nassim Taleb, the author of “Antifragile,” has made. As we acquire more data, we have the ability to find many, many more statistically significant correlations. Most of these correlations are spurious and deceive us when we’re trying to understand a situation.
* Big data has trouble with big (e.g. societal) problems.
* Data favors memes over masterpieces. Data analysis can detect when large numbers of people take an instant liking to some cultural product. But many important (and profitable) products are hated initially because they are unfamiliar. [The unfamiliar has to accomplish behavioural change / bridge cultural divides]
* Data obscures hidden/implicit value judgements. I recently saw an academic book with the excellent title, “ ‘Raw Data’ Is an Oxymoron.” One of the points was that data is never raw; it’s always structured according to somebody’s predispositions and values. The end result looks disinterested, but, in reality, there are value choices all the way through, from construction to interpretation.

This is not to argue that big data isn’t a great tool. It’s just that, like any tool, it’s good at some things and not at others. As the Yale professor Edward Tufte has said, “The world is much more interesting than any one discipline.”
massive_data_sets  David_Brooks  data_driven  decision_making  data  Nassim_Taleb  contrarians  skepticism  new_graduates  contextual  risks  social_cognition  self-deception  correlations  value_judgements  haystacks  narratives  memes  unfamiliarity  naivete  hidden  Edward_Tufte  emotions  antifragility  behavioral_change  new_products  cultural_products  masterpieces  EQ  emotional_intelligence 
february 2013 by jerryking
Investing Ideas That Stand Test of Time
April 25, 2000 | WSJ | Jonathan Clements

These days I find I am left with just three core investment ideas:
(1) Financial Success is a Sense of Control
If you ask folks about their financial goals, they will likely offer a laundry list of goods they want to buy or announce they want to accumulate as much money as possible. But in reality,
both goals are a prescription for unhappiness.
Sure it might be nice to purchase everything that catches your fancy. But nobody has unlimited wealth, so a focus on endless consumption inevitably results not in happiness, but in frustration and financial stress. Yeah, it would also be great to have heaps of money. But if all you want is an even bigger pile of cash, you will never be satisfied, because you will never reach your goal. So what should you
shoot for? A far more worthy goal, I believe, is eliminating the anxiety that comes with managing money. You want to reach that sweet spot where you feel your finances are under control, no matter what your standard of living and level of wealth.

(2)Investing is Simple
No doubts about it, there are lots of investments and investment strategies that are mighty complicated. But complexity usually means investors are running the risk of rotten results and Wall Street is getting the chance to charge fat fees. Investing is best when it is simple. In fact, if you want to accumulate a healthy nest egg, there
isn’t much to it. First, you have to save a goodly amount, preferably at least ten percent of your pre-tax annual income. Second, you should consider investing at least half of your portfolio in stocks, even if you are approaching retirement. Third, you should diversify broadly, owning a decent mix of large, small and foreign stocks. Fourth, you should hold down investment costs, including
brokerage commissions, annual fund expenses and taxes. Finally, you should give it time. A little humility also helps. Don’t waste effort — and risk havoc — by trying to pick the next hot stock, identify the next superstar fund manager or guess the market’s next move. Instead, your best bet is to buy and hold a few well-run mutual funds.

(3) We are the enemy
If successful investing is so simple, why do so many people mess up? It isn’t the markets that are the problem, it is the investors.
We make all sorts of mistakes. We fret about the performance of each investment that we own, so we don’t enjoy the benefits of diversification. We are often overly self-confident, which
prompts us to trade too much and bet too heavily on a single stock or market sector. We
extrapolate recent results, leading to excessive exuberance when stocks are rising and unjustified
pessimism when markets decline. We lack self-control, so we don’t save enough.

[All the points made immediately above are analogous to Jason Zweig's article on personal finance & investing. From Benjamin Graham --investing is often portrayed as a battle between you and the markets. Instead, “the investor’s chief problem — and even his worst enemy — is likely to be himself.”

Similarly, Nobel Laureate Daniel Kahneman wrote in his book Thinking, Fast and Slow. [that]evaluating yourself honestly is at least as important as evaluating your investments accurately. If you don’t force yourself to learn your limits as an investor, then it doesn’t matter how much you learn about the markets: Your emotions will be your undoing.... ]

If you are going to truly be a successful and happy investor, it isn’t enough simply to devise
strategies that allow you to meet your investment goals. Your strategies also must give you a
sense of financial control and fit with your risk tolerance, so that you stick with them through the
inevitable market turmoil.
That may mean keeping more of your money in bonds and money-market funds. It could mean
paying for an investment advisor. It might mean scaling back your financial goals and accepting
that the kids won’t be heading to Harvard and that you won’t be able to retire early.
These sorts of choices aren’t foolish. What’s foolish is settling on investment strategies without
considering whether you can see them through.
personal_finance  investing  howto  ideas  goal-setting  Nobel_Prizes  money_management  Jonathan_Clements  financial_literacy  biases  humility  mistakes  self-awareness  self-control  proclivities  overconfidence  financial_planning  delusions  self-delusions  emotions  human_frailties  Jason_Zweig  extrapolations  risk-tolerance  recency  unhappiness  human_errors  bear_markets  sense_of_control  superstars  Daniel_Kahneman 
may 2012 by jerryking
Being Clear or Being Tough
In other words, you do not have to be a tough guy. You can, but it’s not required. What you do need to be is clear. Clear on your rules; clear on your objectives; clear on your decisions; and clear on whom you surround yourself with. You must have a Code of Honor that spells out the context of your business, your relationships and your life. Your Code of Honor ensures you remain “clear.”

In all of my businesses, I have had to make tough decisions, but I did not always have to be tough. Just clear that it either works or it doesn’ either supports the mission and team or it doesn’ either operates by the Code or it doesn’t.

When faced with choices, you have to have more than a ‘gut’ feeling in order to make them. Part of the problem is that most people cannot distinguish between their intuition and their emotional reaction. (Subject for next article!)

You have to have clear guidelines or a Code. Does that mean that every decision, choice or action is black and white? Of course not. But it gives you clarity of purpose, intention and direction.
Communicating_&_Connecting  decision_making  clarity  Code_of_Honor  values  hard_choices  intuition  emotions  gut_feelings 
march 2012 by jerryking
Science Journal -
OCTOBER 20, 2006 | Wall Street Journal | by SHARON BEGLEY.
Critical thinking means being able to evaluate evidence, to tell fact
from opinion, to see holes in an argument, to tell whether cause and
effect has been established and to spot illogic.....critical-thinking
skills are different from critical-thinking dispositions, or a
willingness to deploy those skills."

A tendency to employ critical thinking, according to studies going back a
decade, goes along with certain personality traits, not necessarily
with intelligence. Being curious, open-minded, open to new experiences
and conscientious indicates a disposition to employ critical thinking,
says Prof. Bensley. So does being less dogmatic and less authoritarian,
and having a preference for empirical and rational data over intuition
and emotion when weighing information and reaching conclusions.
critical_thinking  Sharon_Begley  evidence  inquisitiveness  argumentation  open_mind  curiosity  intuition  emotions  rationalism  assessments_&_evaluations 
may 2009 by jerryking
An avalanche of cash is set to slide
May 1, 2009 | The Globe & Mail | by THANE STENNER
An avalanche of cash is set to slide
high_net_worth  contrarians  investment_advice  emotions  Thane_Stenner 
may 2009 by jerryking
Principles matter - negotiation strategies for entrepreneurs
July 4, 2003 | First published in the Globe and Mail | By BRIAN
BABCOCK Responding to a bully tactic on pricing. Prepare your brief,
then review your brief, and prepare it again. Have I prepared, revised,
and prepared again? Do I know all I can know about my market and my
competitors? Do I have a plan for negotiations? Have I judiciously
communicated my interests to the other people at the table? Do I
understand their interests? Do I know what I'll do if negotiations
fail? What's my best alternative to agreement? How can I change the
paradigm? Is my interest to expand the possibility of mutual gains? Am I
positional bargaining or interest-based negotiating? Do I remain
principled in the face of brinksmanship? Have I separated my emotions
from the bargaining process? Can I identify when my energy is wasted on
emotional "nonsense" and blame? Will the agreement create lasting
relationships of respect and trust? If not, how do I create those
critical and strategic positions?
asymmetrical  bargaining  BATNA  blaming_fingerpointing  Brian_Babcock  brinksmanship  bullying  emotional_mastery  emotions  mentoring  negotiations  preparation  pricing  respect  trustworthiness 
march 2009 by jerryking

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