Competetors are active to capture paytm’s market by misguiding. Today I went to a local barber shop for haircut. He used to have paytm QR (no soundbox) at his shop but today had an airtel QR. He was telling that yesterday an airtel guy came to his shop and said paytm is banned from 1 March and everybody has to switch to some other app before that. That airtel guy requested him to join Airtel and he agreed.

Hi Hitesh Bhai,

Please can share your view on ‘CMS Info’ Cash Management(CMP 386) for short and medium term. The company ROE, is good. PE is below ROE. Should I wait for it crossing 424 before adding? Bought at lower level @ 360. Thanks

There are two lending partners which have been publicly disclosed. They are

1. Aditya Birla Finance
2. Piramal Finance

They were integrating with two more lending partners as per the last quarterly concall.

Thanks for the insight. Can you please share the list or link to their lending partners ?

Created a bias sanitization checklist using chatgpt Charlie Munger’s talk on human misjudgment and Robert Cialdini’s book Influence this is what I got.

1. Awareness of Decision-Making Process:

   • Have I clearly outlined the steps in my decision-making process?
   • Am I consciously reflecting on each stage to ensure objectivity?

2. Emotional Check:

   • Have I assessed my emotional state and its potential impact on decision-making?
   • Am I making decisions under stress, fear, or other emotional influences?

3. Information Gathering:

   • Have I sought information from diverse and reliable sources?
   • Am I actively avoiding information that confirms pre-existing beliefs?

4. Time Perspective:

   • Have I considered both short-term and long-term consequences of the decision?
   • Am I avoiding impulsive decisions without sufficient future-oriented thinking?

5. Framing and Language:

   • Have I examined how the decision is framed and the language used to describe it?
   • Could a different framing or language influence my perception of the decision?

6. Anchoring:

   • Am I being unduly influenced by an initial piece of information or an anchor?
   • Have I critically assessed whether the anchor is relevant and justified?

7. Cultural and Societal Influences:

   • Have I considered how cultural and societal norms might be affecting my decision?
   • Am I making decisions that align with personal values rather than succumbing to societal pressure?

8. Power Dynamics:

   • Have I analyzed the power dynamics involved in the decision-making process?
   • Am I aware of any potential biases introduced by hierarchical structures or authority figures?

9. Group Dynamics:

   • If in a group decision, have I ensured that groupthink and conformity are minimized?
   • Have I encouraged diverse perspectives and dissenting opinions?

10. Reflection on Past Decisions:

    • Have I learned from past decision-making experiences and any associated biases?
    • Am I applying lessons from previous mistakes to enhance the current decision-making process?

11. Alternative Scenarios:

    • Have I considered alternative scenarios and potential outcomes?
    • Am I open to adjusting my decision based on changing circumstances or new information?

12. Ethical Considerations:

    • Have I thoroughly examined the ethical implications of the decision?
    • Is the decision aligned with ethical standards and principles?

13. Feedback Seeking:

    • Have I actively sought feedback from others to challenge my perspectives?
    • Am I open to constructive criticism and differing viewpoints?

14. Decision Reversibility:

    • Have I considered the reversibility of the decision?
    • Can the decision be easily adjusted or reversed if necessary?

15. Systematic Review:

    • Have I systematically reviewed all aspects of the decision-making process?
    • Is there a structured framework in place to evaluate the decision comprehensively?

16. Lollapalooza Effect:

    • Have I examined the decision for a potential convergence of multiple biases leading to an exaggerated impact?
    • Is there a combination of psychological tendencies that might be influencing the decision?

17. Incentive-Caused Bias:

    • Have I considered how personal incentives might be affecting my judgment?
    • Am I making decisions based on the best interest of the situation rather than personal gain?

18. Contrast Misreaction:

    • Have I evaluated the decision in absolute terms rather than comparing it to other unrelated situations?
    • Is my judgment influenced by recent events or extreme comparisons?

19. Learning from Multiple Disciplines:

    • Have I sought insights from various disciplines to broaden my perspective?
    • Is my decision-making process informed by a multidisciplinary approach?