Can You Think on something that you don’t know? Edward de bono V/s. Buffett v/s. Small Investors.
April 30, 17
Can
You Think on something that you don’t know? Edward de bono V/s. Buffett v/s.
Small Investors.
Greetings from Hitesh! I am sure by reading
above sentence – you would be wondering what I am upto. I am going to deal with
the biggest mistake small investors are making which investors like BUFFETT is
not making. It will be useful to understand this concept for Health / Wealth
and Happiness in your life.
Let me ask you some of the questions.
1. Can you think in SANSKRIT / Spanish / FRENCH
/ ARABIC or any international languages, if you have not studied them.
2. If you are from NORTH, can you think in
SOUTH INDIAN Languages?
3. If you are from SOUTH, Can you think in
HINDI/Gujarati or Marathi?
4.
If you are a commerce
graduate, can you talk in terms of engineering or medical terminology?
Above are the most obvious examples I have
shared with you. In other words – if you don’t know anything, you can’t think
about it.
Quite
often we hear “LET ME THINK ABOUT IT”
This is the most common dialogue an average
sales person hears from his clients at the time of closing the sales.
When they give this dialogue – they
themselves don’t know on what parameters they will think, as they are not well
informed about the technicalities of the product or services they are planning
to buy.
What
DE BONO SAYS?
The legend in thinking area Mr. EDWARD De
Bono gave concept of 6 thinking hats to help you think about. Let me deal with
his concept.
De Bono identifies six distinct directions in which
the brain can be challenged. In each of these directions the brain will
identify and bring into conscious thought certain aspects of issues being
considered (e.g. gut instinct, pessimistic judgement, neutral facts).
Six distinct directions are
identified and assigned a color. The six directions are:-
1. Managing
Blue – what is the subject? what are we thinking about? what is the goal? Can
look at the big picture.
2. Information
White – considering purely what information is available, what are the facts?
3. Emotions
Red – intuitive or instinctive gut reactions or statements of emotional feeling
(but not any justification)
4. Discernment
Black – logic applied to identifying reasons to be cautious and conservative.
Practical, realistic.
5. Optimistic response Yellow – logic applied to identifying benefits, seeking
harmony. Sees the brighter, sunny side of situations.
6.
Creativity Green – statements of provocation and investigation,
seeing where a thought goes. Thinks creatively, outside the box.
Mr.De Bono is the AUTHORITY in THINKING and
he had made millions selling his programs to business guys world over. If you study the above concept in details –
there is no thinking at all. Let me deal with each of his concept and prove it
to you. Just read above explanation of BONO and read my comments below against
each of the HAT.
1. BLUE HAT:- you can’t ask the questions
without you knowing the SUBJECT.
2. WHITE HAT:- This is the process of knowing
and not thinking!!
3. RED HAT:- INTUTION and GUTS are feelings and
not thinking.
4. BLACK HAT:- To be CAUTIOUS, CONSERVATIVE or
REALISTIC is a results of your knowing your subject and not the thinking.
5. YELLOW HAT:- is moving towards your goal
once you KNOW your subject and not the THINKING.
6. GREEN HAT:- It talks about thinking out of
the BOX. It implies that you must know the BOX first.
What
is my SIMPLE UNDERSTANDING?
It has been Marketing Gimmick by the WESTERN
Management to talk about thinking. I can see that they are developing in terms
of the KNOWLEDGE and they keep on falling in love with some or the other new concept
they come across without awareness.
Have you seen a child playing with new toys
for two three days, sleeps with it and cry if you take it from him? Same is the
situation with the western management experts. They stay with the new thought
for some time and make you realize that they have found a gold mine but
actually it is not even bronze mine.
They are falling in love with their idea
like a kid and they make tons of money by masterly marketing them in the world.
What
is the FACT?
You can’t think on any subject, unless you
know that subject properly. Now, my commonsense tell me – do we ever think when
we know something is like that or some person is like that?
If you know that your PHONE is I PHONE - do you think about it whether it is I PHONE
or not?
If you know that Rs.2000 note in your
WALLETT – do you think whether you have Rs.2000 note or not?
If you
KNOW – you don’t need to THINK and if you Don’t know – you can’t think. In both the ways – you are wasting your
time or losing opportunity by giving “LET ME THINK” dialogue.
How
WARREN BUFFETT Follows this?
To the die-hard fans of western management
theories and gurus, I am sharing the proof of the WISEMAN of the WESTERN WORLD.
He does not think. He collects the FACTS,
studies the same and invests in the company if it fits in his parameters. He
always focuses on company – as it is 100% possible to collect most of the
information for any company he wishes to study. He never talks about MARKET, as
he or anybody can’t know the market 100% in one life time or 100 life times.
He never gives the dialogue – let me think.
Either he knows or he does not know. If he knows – he does not
think before investing billions in that company. If he does not know – he does
not invest a single dollar in that.
The
TRICK is to KNOW and not to THINK!!
What
NEXT?
Both the guys are from WEST. One is WISE and
other is INTELLIGENT. Your wealth creation / happiness in life / success in any
area will depend on whom you want to FOCUS. I follow BUFETT. You make your own
choice.
If you want to learn about BUFFETT in
details – please join our LEARNING from ANNUAL LETTERS of BUFFETT PROGRAMME.
You can also join our investment advisory
services.
Have a great weekend.
Live With
Passion…Invest With Passion.
Hitesh Parikh.
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