This is the tendency to fail to incorporate prior known probabilities which are pertinent to the decision at hand. Caution: Don’t read on if you are 40 years of age and above! Here’s an interesting question for the rest of you: Why aren’t more young people…
Have you ever wondered why you can become revved up and an exuberant risk taker, when flying high, or hesitant and risk-adverse, when cowering from your losses in the stock market? We have the impression that it is our deliberative mind that makes the most important decisions in…
I am very glad that more and more of you are stopping by the Tacomob-website and I feel specially encouraged by all your positive E-mails. One of the more frequent questions asked has formed the header to this post and there are dozens of answers to…
Have you noticed that we are social creatures who devote a lot of our time to thinking about social ranking? And that a by-product of this obsession is a tendency to blindly trust the claims and ideas of people who rank…
I realise now that NOW is the only time that exists, although that truth about time took me a while to comprehend. Our life, you see, is about a series of moments in time, but we often live these moments hoping to improve a future moment—to have a better…
I beg your pardon? Did you just answer with a Yes? That is great, because that proves that you are human and/or a human being. Did you know that the human being is the only animal that thinks about the future? We—human beings—think about the future…
Chapter 1: You are What You Think “You are today where the thoughts of yesterday have brought you and you will be tomorrow where the thoughts of today take you.” — Blaise Pascal We can’t change other people and our…
Did you know that it is the default settings of our brain that often drive us—despite past experiences—to do things that make no logical sense, though they make perfect emotional sense? That, however, does not make us completely irrational; it…
Let me ask you: “Do you feel the urge to check your latest Facebook friends’ updates, news-feeds or Instagram photos—on the go? And do you succumb to this urge; thereby coincidentally increasing the probability of eliminating yourself—prematurely—from the gene pool?” The…
It’s not so easy to be active in the stock market. Because when people I meet learn that I make my money predominantly from the abundant stock market, they—more often than not—flood me with questions on my prediction of the future trends and…