How To Make Good Decisions

I came across this book titled “Decision Making by the Book” when it was offered to members of the Daily Bread. Our Daily Bread is a daily devotional for Christians available online as well as in the form of a quarterly booklet.

I subscribe to received the quarterly booklet and like it when they offer CD’s, booklets on special topics although I don’t use the suggested daily devotions all that much.

For Christians, I think the book covers the important topic of God’s sovereign will as well as moral will. Many Christians including me, has often swayed from trying to make decisions based on what we know from the bible and what we know based on the circumstances around us at the time.

The problem with that is many a times, our knowledge of what the bible says is not deep enough and we failed to look at things at a holistic manner. I’m happy to say, this book, short at it is, has managed to clear up some of the ambiguity.

Even though a large section of the initial part of the book is spent explaining God’s sovereign and moral will, I found the latter part is just as useful, even if you are not a Christian.

The reason as the author Haddon Robinson puts it, is that most of us are “self taught” when it comes to making decisions. In chapter 12, he wrote

we have been making decisions since we decided to spit out our spinach

 

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What To Do In The Present Economy

CrappyBook The economic roller coaster is not going to get stable anytime soon. Get used to that. I just read in Yahoo Finance an article entitled what to do when different markets move in tandem, how do you invest in such an environment.

Well that answer is, I don’t know! I’m stumped myself. When it came on investment, I thought I wanted to write something that made me look smart. I thought I had an unique angle to write (and look good) but that’s not to be.

And then there is the Occupy Wall Street movement going along. So what are you going to do about it?

Me for one will keep an eye for the market but not hawk over it. The Europe contagion, if is happens, who knows what will happen. Some stocks will surely be dragged down. Some will not be dragged down as such. Heck, some might even do better after all things is considered. Gold or precious metal? It is anyone’s guess at this time.

The important thing I’ve decided to really focus on is my business. I see there’s not point worrying about what that market will do. If you are concerned, keep more cash. If you can tolerate a bit of risk, stay invested but keep some cash as well to take advantage of any sudden dip.

I would invest in good companies. Apple is still doing well with 4 million new iPhones sold! And I thought the job markets etc is bad.

Third thing I will do. Stay abreast with changes in the market place. Go read some books. Stay ahead of the curve. Don’t read what everyone else is reading. Read interesting stuff from thought leaders.

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