The Two Biases That All Successful People Share

I know it’s common to believe that all biases are bad, however, almost every person that I’ve ever met who is extremely effective and successful has been the holder of these two specific biases.

It’s difficult for many to believe that biases can be anything but bad, but in actual fact, it’s not true that we are completely rational people that simply have biases altering our perception of what is true. But in fact, we’re actually just biases the whole way down, a conglomeration of different heuristics that help us survive — rules of thumb assembled together to help us exist.

These biases, which are in my opinion unbelievably useful for being financially successful and as pragmatic as possible are:

Bias for taking action

People who have a bias for taking action are clear that they just need to get stuff done. These are the people who live the phrase ‘if you want something done, give it to the busy person’. They don’t think about how much planning needs to be done in order to solve a problem, what if I fail, or maybe I need to plan better before I think of starting. They just simply think “Alright, I’m going to execute” and if I don’t get there, then I will attempt it again with improved feedback of what doesn’t work.