Episode 37 – The Checklist Manifesto: How to Get Things Right by Atul Gawande

Life is really a series of lists. From shopping lists, to school holiday lists, to things to do lists, there are a vast number of lists that one makes. The thing is that lists keep your life on track. They ensure that you do not miss out on any important stuff and give you a peace of mind. Having a list handy, can help ensure that you don’t need to constantly keep track of things in your mind. For all these reasons, an investment checklist is something that you should actively consider making, to improve your ability to make optimal investment decisions.

Summary
In his book, “The Checklist Manifesto: How to Get Things Right’, author Atul Gawande talks about the importance of having a checklist in almost any discipline and how it can help you in your financial decision making journey. Listen to this Money Konnect Podcast by Edelweiss MF to learn how you can make an optimal investment checklist.

Key takeaways:

• Human beings often make flawed decisions since they let their decisions get influenced by emotion.
• You can avoid many of these flawed decisions simply by becoming disciplined about the decision making process.
• The solution lies in adopting a checklist approach.
• Making a checklist of the important variables, can have a key impact on your decisions. However, you must ensure that before making any decision, you consistently follow and refer to the checklist.
• A good checklist can be particularly helpful in making optimal investment decisions.
• Many investment experts like Warren Buffet and Mohnish Pabrai follow the checklist approach to investing.

Atul Gawande’s book highlights the importance of making an investment checklist and sticking to it. You can listen to the podcast on the Edelweiss Mutual Fund website, Spotify, Google Podcasts, and Apple Podcast. We hope you enjoyed this podcast and will tune in to listen to more such podcasts on investing nuggets. If you are a bookworm then you can also read the book summary here.