The WRAP Process

The WRAP Process

Hey everyone,

Hope you're having a great week. Here are a few things I've been reading and pondering lately. Enjoy!



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Read more here.

1. How to Make Better Decisions

J.D. Roth's Money Boss blog has been consistently great lately. This post is a perfect example of frameworks that you can apply to money, and lots of other things.

The Heaths suggest that for each of the four villains of the decision making, there’s an effective strategy to defeat it. Taken together, they call their system the “WRAP process”. It works like this:

  • Widen your options to avoid narrow framing.
  • Reality-test your assumptions to avoid confirmation bias.
  • Attain distance before deciding to avoid short-term emotion.
  • Prepare to be wrong to avoid overconfidence.

2. Why Brevity is Important

I've shared this post before but it's worth re-reading every now and then.


3. Best Buy’s Secrets for Thriving in the Amazon Age

Whenever a business bucks a trend, it's worth digging deeper. You might work in SaaS, media or e-commerce, but there are lessons here worth understanding.

But Best Buy’s rebound has been surprisingly durable. Revenue figures have beaten Wall Street’s expectations in six of the last seven quarters. The company’s stock price has risen more than 50 percent in the past year. Workers are happy. And judging from several other visits I paid to Best Buy stores, the chain appears to have avoided the bleak fate of other big-box retailers.

4. How much vacation does Buffer take?

This is a pretty interesting analysis of Buffer employees' vacation time by country and department. Canadians tooks almost twice as much vacation as Americans!


Have a great weekend!


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