If you’ve seen Sully, you will probably get this reference.
If you haven’t, here’s a short anecdote without revealing to you any spoilers.
Captain Sully was an experienced american pilot who realized both his engines had failed mid-way during a flight. He has a small window to make a choice – whether to land the plane in water or in the nearby airport which was a little far.
He finally ended up saving a lot of lives.
What is the point here?
Well, the human mind has biases.
While Captain Sully was bombarded with multiple biases before he could even think of taking a decision, the fact that he was experienced and a very senior pilot, his heuristic allowed him to take a decision at that very moment.
There’s a multitude of biases that are present all the way from recency bias to anchoring bias and what not.
I had written about some of these biases in a post here. In fact, if you’re more of a video / podcast / listening person, you can watch a recent video I had filmed with my man Naren, here.
A great company that I recently started studying about is Piramal Enterprises.
Going through their Annual Report, I was more interested in understanding about their pharmaceuticals business given they have quite a few strategic partners in the names of Allergan, Carlyle, IFC (investing arm of the World Bank) and the likes.
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