Announcements/Business:
- District Conference: April 24 & 25 at the Westin Hotel - Westminster, 10600 Westminster Blvd. The District needs volunteers to help, contact Finn. Save the date information on the District 5450 website or just click HERE.
- Evergreen is doing their annual Mardi Gras February 21. Tickets are available on their website. This is a major fund-raiser for their Club.
- Area 8 (five mountain Rotary Clubs) Social will be Wednesday, April 8 at El Rancho. Dinner is $25; Cash bar with happy hour prices. It is a great time to get to meet and socialize with folks from our sister clubs. Contact Leslie to make a reservation, pay by check made to Conifer Rotary.
- District Governor nominations are open and members can provide input. Contact Dean or Finn.
- The Rotary Leadership Institute is February 1st. It is three sessions and the Club pays the fee. This training is very helpful in understanding all aspects of Rotary. Go to the District 5450 website to register or just click HERE.
- February 8th is the Rotary Polio dinner and fund-raiser and the speaker is John Hewko, CEO of Rotary International. Reservations sign up is on the District website or just click HERE.
Guests: Salesa Hancock
Program: Scott Brown, from Golden Rotary Club
Behavioral Investing: The Surprising Necessity of Biases
Our awareness of our biases can help us: to deal with positive and negative aspects of our life. Being aware is not difficult, but it can be life-changing. Bias are short-cuts, a function of the right-brain, to get to answers more quickly.
Scott talked about right/left brain functions and used “Rain Man” as an example of two brothers who used the two different sides of the brain. He brought up the CNN/Fox News as an example of bias that he explained that their biases are not what we “think”.
Over-confidence bias, planning bias, availability bias, illusion of control are all documented biases. There are over 200 biases that have been studied.
Most people are OVER confident of their financial status—and are wrong. A negative financial shock increases mortality by 50%! STRESSFUL!
Bias can be good: it can save your life.
Bias can be disastrous: Immediacy bias can cause major mistakes. The Tenerife air disaster in March 1977 that killed 583 people is a good example.
Here are Scott's slides from his presentation:
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