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…
I have been fooled. I am convinced. It was about one year back when I was sourcing for a new family TV set. Off I go to one of those notorious big (presumably) discount retailers. After I mentioned that I…
Celebrities Speak Out on Fame & Materialism The chap at the end of that video, Tom Shadyac, is a very remarkable personality. He made millions of dollars producing and directing Hollywood movies (Ace Ventura: Pet Detective, Liar Liar, Bruce Almighty). Then back…
Would knowing that you are among the TOP 1% earners in the world make you happy? How much does one need to earn to be among the TOP 1% of the world? US$ 34,000 or about S$ 45,000 per year.…
I happened to drop by Orchard Road a few days back. It was a good opportunity for chilling out at a cafe and screening the surroundings for some beautiful …, well, for some beautiful social study opportunities. And there were…
The other day I met some new people. After exchanging the usual conversational stuff we got to the big question: “What do you do?’ I described in vivid pictures how I have been taking care of my own business, my…
Busy schedules and weekly routines have a tendency to put my brain on autopilot and I lose sight of the important things in life. Some of life’s essential truths need repeating. So, I’d better write them down: MY SELF-WORTH…
Some of my loyal readers – ok, make that two – asked me at what age I started to mind my own business and to actively take care of my own business. Here is how it all started: Well, that’s…
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…
I initially wanted to put off writing about this fallacy, but I cannot avoid it. Psychologists use this term to describe the decision to ignore dangerous or negative information by “burying” one’s head in the sand—like an ostrich—and hoping it would disappear. The…