Yaaawwnn. The stock markets in the last few weeks have been rather boring and uneventful. The US-market (measured by the S&P 500) has even entered an unusually long period of volatility contraction. The daily market moves up a bit and…
In my previous post I shared a few thoughts on probabilities and statistics. I wrote about disregarding probabilities in decision making, ignoring small probabilities and not over-weighting small probabilities. A tough act to follow. I am totally guilty of failing…
Gambler’s fallacy is a term we often hear. What is it exactly and how does it affect what you do with your money? It is the belief that future events will be shaped by past events, even when the two…
The GSS – the Great Singapore Sale is upon us again. And I am not talking about the Singapore stock market here. It’s an opportune time to remind ourselves of that one emotion that is the cause of the lack…
… is in the dictionary. Have you ever thought for a moment that there really is a shortcut to success without having to put any effort in it? Change your life-style mindset and change your thoughts. Here are some ideas I gathered over time from those “Success…
Warning – very egotistical post ahead with nothing new, but stuff you knew already. The other day Rolf Suey dropped a fitting comment to my post “Is having more money important to make you happier? Let’s put it into perspective”…
We all have a preferential set of intuitions, feelings, and ideas. Less poetically characterized by the term “bias”. These little quirks in our thinking pose a challenge to our ability to weigh evidence accurately to arrive at truth. Bias is…
There is no denying the fact that our lives are determined by our unconscious beliefs about money. So, what do you really believe when it comes to money? I am convinced that discovering and exploring our general attitude towards money…
Do you believe in a just world? Most of us do. Simply because we assume that bad things will befall bad people, and good things, to good people. The bad news is that it doesn’t always play out that way and also that the world…
Ageing, that is. Humans have two things in common: We have a biased brain, and we grow older. Unfortunately, the fear of ageing these days is rampant, because we fear what we will become. My Claim “Being old is much better than…