Mostly, our herd conformity is a good thing and it’s one of the reasons that societies are able to function (legal system, driving, etc). Nevertheless, watch out for what you step into when you follow the herd. Herd behavior occurs when investors follow the…
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…
Back in 1995, researchers from Harvard asked students/staff which they preferred: Earning $50,000 a year when everyone else around them makes $25,000. Earning $100,000 a year when everyone else around them makes $200,000. Prices of goods and services would be…