On the other hand, if “they” were culturally able to listen to their feelings – in this case their intuition (which is a feeling) – then maybe whomever could have done that, would have been able to use common sense as a risk-management tool.

Evidently John Paulson did… so it is humanly possible.

But… alas the fear of missing out takes over….

`Psychological Denial’

In his office outside Geneva, about a three-hour drive from Davos and overlooking the French Alps, Schwab says the WEF began issuing warnings in 2003 to investment banks, insurance companies and hedge funds about the systemic risk gnawing at the foundation of the global economy.

“But the financial community didn’t listen,” Schwab says. “They were told that any serious look at the economic fundamentals showed that we were in an unstable situation. It was denial, total psychological denial.”

I would add “What are ALL the possible actions I could take” – in other words leave the decision to as late as possible in the process. No action may be the answer.

…and actually I would also say that you don’t really need to worry about #5 because if you go through the first four, your brain will automatically learn.

For most of us… at this stage, making the first four a habit is enough learning for one day

Suggestion for your critique:

1. What emotion is this?
2. Where is it coming from; why am I having this?
3. Is it useful for me to take action?
4. If so, what action would benefit myself and others most?
5. What can I learn from this?