Are Your Decisions Costing You Money?

Written by Stephen Outram Wednesday, 16 November 2011 09:05

When you make a decision or have a fixed point-of-view, then all of the information you require to justify it comes flowing into your life.

We dynamically start compiling the evidence that supports our decision. Why? So that we can prove to everyone - and everyone includes us - that we were right; even if it costs us dearly.

The result is that it cements and solidifies that decision so that we become unaware of any other possibility; it's like putting blinkers on. Decision, reduces our flexibility, nimbleness and ability to change. While the whole thing is a powerful capacity, it may cost-us.

For example, if you have decided-on a buy-and-hold strategy with stocks and shares, you may not have the nimbleness required to make money with volatility.

Gary Douglas, founder of Access Consciousness, says that decisions, judgements, computations and conclusions are a way we eliminate possibility and choice.

With world financial markets swinging wildly, would the ability to change in a moment be useful in making money?