Planning Fallacy

Planning Fallacy is the argument equivalent of a cracked bangle — it shines, it jingles, and it will cut you.

The error is seductive because it imitates a virtue. It sounds like loyalty, or confidence, or common sense. But follow it home and you find it lives in a house with no foundation.

The kirana shop opens at eight sharp, festival or fever. Ask the owner his secret and he will point at the shutter, not at his willpower. Systems outlast moods.

Time is the one currency the Reserve Bank does not print more of. The idea has done its job if, the next time it happens to you, you smile before you react.