No, not really. Finance is a simple industry made to look and sound complicated to justify fees. Just one example, active managers love to confuse us by using Greek words. Like – alpha – to describe what other industries call…
It’s a basic rule of economics that money is less valuable to you the more you have of it. It’s the end of the year and it’s the season of giving. It’s a fact that giving is the most selfish…
You’re rich. No, really you are. Whether you’ve paid for a computer or smartphone to browse the TACOMOB website on, or even handed a few coins over at an internet cafe, you’re far richer than many of your fellow human…
Having realized that I have not written anything on the topic of our (us guys) favourite toy—the car—(or has the smartphone already overtaken that position?) I feel quite a drive to change that. Having said that, do you recall that it was only about 10…
There are many merits of being lazy. Come on, don’t be lazy, be a bit kiasu* and read on. Laziness is the road to progress, but only when it is combined with intelligent thought and high ambition. For example, lazy…
… in other people’s minds. The timescale bias is quite a profound thing with serious implications. Ever noticed that anyone going slower than you is an idiot, but anyone going faster than you is a maniac?—George Carlin That is timescale…
Number 1: The age you start saving The younger you are the larger your crucial asset. That asset is called time. And I bet you have more of it left than me. I certainly do have more Christmas days behind…
“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…
1) How to succeed? The education system you just went through has planted some seeds into you. Now it is up to you—and only you—to make them grow. Go the extra mile, and see how good you can be at…
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…