In this episode, we’re taking a look at error in thinking #27! Warren Buffet’s business partner, Charlie Munger, gave a speech outlining a number of cognitive biases they avoid to gain and maintain their wealth. It’s definitely worth considering!

The twenty-seventh error in thinking we'll examine is "declinism". Listen to find out what it is and how we can guard against this error in thinking. It's worth your consideration. Take a listen!

* Error in Thinking #27: Declinism**

* Basically, we tend to romanticize the past and view the future negatively, believing that societies/institutions are by and large in decline.

* For example, you hear yourself saying, “Back in the day, we respected our elders.”

* The reality is, there are a lot of respectful kids today, but our language has changed.

* Fact is, many people are less formal than they used to be; so respect might not “sound” the same.

* So, what do you do with this information?

* It’s important that you are alerted to the fact that we are susceptible to declinism.

* To overcome the “declinism”, do the following:

* The first step is to be aware of it.

* Next, look for examples of where the good you saw in the past is still present today.

* Then, look for examples of where the bad you anticipated in the future existed in the past.

* In areas that matter, seek our quantitative data; get the numbers.

* That way, you may develop a balanced perspective.

* Remember that it’s possible to edit memories, removing the negative from the past.

* When it matters, apply critical thought to negative projections that pop up in your mind.

* If you find yourself saying the past was good and the future’s gonna be bad, stop yourself, so you can avoid declinism.

Remember, this episode was brought to you by “The 5 Minutes to Gratitude Journal”.

Get your "5 Minutes to Gratitude Journal" and FREE copy of "From Glimpses to Greatness" at ACE.Phonesites.com.

“From Glimpses to Greatness was a #1 New Release in Business Mentoring and Consulting on Amazon.

Get them both at ACE.Phonesites.com.

Also, get your "Grade A Living" quick start guide at ACE.Phonesites.com

It goes over the four pillars of "Grade A Living" - accomplishments, athleticism, attitude, and your associations.

Again, you'll find your "Grade A Living" quick start guide at ACE.Phonesites.com.

If you are a first timer be sure to check out the previous episodes and do me a favor and leave me a review on iTunes.

Helps the show a ton.

Join us on the journey to #BeingOurBestDaily!

Until the next time… Talk to you later.