Why Negative Macro Stories Are More Believable

Negative stories about the wider economy are more believable. Positive stories immediately bring out the haters and destroyers.

Because of our tendency as human beings to avoid losses as much as we can, we’re always looking for reasons not to do something as opposed to taking advantage of opportunities that are right in front of us.

The media tends to focus on downside risks and many people completely miss massive changes in how wealth is being created in the world.

Confirmation bias matters too – we go looking for evidence of our preconceived ideas about something. We’d rather be right than make money.

A key problem with New Zealand is that making money still has really negative vibes associated with it. Tall poppy syndrome is a buzzword, but when the world is becoming extremely competitive we can’t afford to let negative stories get in the way of making changes to how we do business.

Instead of moaning about Australian jobs being outsourced to New Zealand, we should be asking – how can we run with this? There are a lot of opportunities, but most Kiwis would rather have a moan instead of trying to do something themselves.

You can’t legislate entrepreneurial drive and ambition. But you can at least focus on positives and opportunities instead of falling into thinking that China slowing down will kill the global economy.

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