Check out this headline, “Study: Preschoolers Better at Figuring out How Gadgets Work than College Students.” At first, it had me scratching my head. How could this be possible? But then I figured it out. Preschoolers were more open-minded. They were willing to think outside of the box to solve problems. #-ad_banner-#The Wall Street Journal quoted the research team saying “the best and brightest college students acted as if the machine would always follow the common and obvious rule, even when we showed them how it might work.” That says a lot about human nature. Human beings build barriers to… Read More
Check out this headline, “Study: Preschoolers Better at Figuring out How Gadgets Work than College Students.” At first, it had me scratching my head. How could this be possible? But then I figured it out. Preschoolers were more open-minded. They were willing to think outside of the box to solve problems. #-ad_banner-#The Wall Street Journal quoted the research team saying “the best and brightest college students acted as if the machine would always follow the common and obvious rule, even when we showed them how it might work.” That says a lot about human nature. Human beings build barriers to change. The older we get, the more close-minded we become. It also provides a lesson for investing. The common and obvious rule is that buying stocks is a good way to build wealth. But the unconventional rule says that there is an even better way. You see, clinging to just one strategy and resisting evolution in a dynamic market can be costly, even downright risky. Imagine playing chess and sticking only to one strategy… it might work for a couple of games, but as your opponent evolves and realizes your one strategy, you may never win another game. Yet, we’re… Read More