Category: Mindset

Circle of Competence: How Warren Buffett Makes Decisions

Post author By Dr Erwin Kwun
Post date September 24, 2020
Categories In Mindset

The concept the “circle of competence” was developed by Warren Buffett and Charlie Munger to focus on investing in areas they knew best and avoiding areas they didn’t understand. In his 1996 letter to Berkshire Hathaway, Buffett explained the concept: What an investor needs is the ability to correctly evaluate selected businesses. Note that word […]

Better Decisions: 3 Time-Tested Mental Frameworks

Post author By Dr Erwin Kwun
Post date September 9, 2020
Categories In Mindset

We make thousands of decisions every day, yet most of us have not been taught how to make better decision. Doctors make critical decisions daily. The consequences of these decisions impact upon the lives of people. Sometimes, the quality of decision determines outcomes between life and death. Making decision is a complex process that requires an ability […]

The Benefits of Delayed Gratification

Post author By Dr Erwin Kwun
Post date August 27, 2020
Categories In Mindset

A common trait highly successful people exhibit is their ability to delay gratification. They have a long-term future focus. We all know patience is a virtue. Most of us know in the back of our mind we ought to think long term. We want everything now Yet, we favour choices that bring us instant gratification […]

From Failing AKT to a Pass

Post author By Dr Erwin Kwun
Post date August 20, 2020
Categories In Mindset

When Dr Stephen first came to me, he was desperate having failed MRCGP AKT multiple times. He lost all hope and self-esteem. The previous attempts deflated his confidence. Stephen was granted one last chance to sit the exam. He was nervous as this was his final attempt. It was make-or-break time. We worked together and […]

How to Transform Your Life?

Post author By Dr Erwin Kwun
Post date August 12, 2020
Categories In Mindset

The six logical levels of change proposed by Robert Dilts provide a useful model to understand ways we can achieve change at an individual and organisational level. The six logical levels are: purpose, identity, value/belief, capability, behaviour & environment. Purpose: Why are you alive on this Earth? This question may be hard to answer if […]

Free Yourself From These 3 Toxic Thought Patterns

Post author By Dr Erwin Kwun
Post date July 25, 2020
Categories In Mindset

Humans have around 50, 000 thoughts every day. With all the thinking that goes on, mind wandering is an activity you may be familiar with. The human mind tries to make sense of the world using past references and memories. Thinking creates a unique narrative through which we understand the world. According to Buddhist principles, […]