PipStop

For those of you who read, you might recognize the blog title.

I love to read, and currently I have a stack of about 10 books that are in my reading queue. Currently I'm reading three books, one of which is Blink by Malcolm Gladwell. I love books that make me think, and this is definitely one of them - a great read so far. As far as the blog title goes? It's the sub-title of Blink.

A highly successful CEO like Jack Welch may entitle his memoir Jack: Straight from the Gut, but he then makes it clear that what set him apart wasn't just his gut but carefully worked-out theories of management, systems, and principles as well. Our world requires that decisions be sourced and footnoted, and if we say how we feel, we must also be prepared to elaborate on why we feel that way.

... I think that approach is a mistake, and if we are to learn to improve the quality of the decisions we make, we need to accept the mysterious nature of our snap judgements. We need to respect the fact that it is possible to know without knowing why we know and accept that - sometimes - we're better off that way.

Trading can't work on snap judgements - can it?