Skip to Main Content
Decide and Conquer: The Ultimate Guide for Improving Your Decision Making, Second Edition
book

Decide and Conquer: The Ultimate Guide for Improving Your Decision Making, Second Edition

by Stephen P. Robbins
October 2014
Intermediate to advanced content levelIntermediate to advanced
224 pages
4h 10m
English
Pearson
Content preview from Decide and Conquer: The Ultimate Guide for Improving Your Decision Making, Second Edition

27. Who You Gonna Blame? The Self-Serving Bias

The man who can smile when things go wrong has thought of someone he can blame it on.

—Anonymous

In May 1999, Maria Walker’s husband died of a brain tumor. He left her with a home that was paid for and about $350,000. Only 33 years old at the time, Maria knew she would need this money to sustain her lifestyle in the years to come. And uncertain how to invest, she turned the money over to Brion Randall, a long-time friend of her late husband who was a broker with Merrill Lynch.1 As a friend, Maria trusted Brion to invest her money well.

First, Brion invested Maria’s inheritance in blue chip stocks like Walmart and IBM. But as the price of high-tech stocks skyrocketed in late 1999, he advised Maria ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Guide to Decision Making: Getting it More Right than Wrong

Guide to Decision Making: Getting it More Right than Wrong

Helga Drummond

Publisher Resources

ISBN: 9780133966862Purchase book