You and I, we are both just average

Bias: Illusory Superiority

“Whoa, wait a minute,” I can hear you protesting, “Dude, what are you saying?  No way!  That might apply to you, but definitely not to me.  I am special!” Face it, my friend, you’re nothing special, because the mediocrity principle simply states so. The universe…

Continue reading

Not-Invented-Here-Bias

saving and investing should be boring, find excitement somewhere else

Last week I wrote about expensive Mutual Funds / Unit Trusts and their cheaper (and better) alternatives called Exchange Traded Funds (ETFs). You still don’t buy it. Ok, that might be my fault because I am simply not convincing enough…

Continue reading

Are you in control?

The desire to feel like we’re in control seems to be a very basic human need. Are you in control?  Do you like to control your environment? Well?  Were you successful in that endeavour?  C’mon, be honest. Because—Control—is an illusion! Let me give you an example…

Continue reading