The factory default settings of the human brain were essential in the past to secure our survival.
In modern times, however, that inner con man plays tricks on us that can end quite costly.
“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…
Was reading the Sunday Times today when several “Unit Trust Providers” and “Actively Managed Funds” peddling their services through ads caught my eye. Whenever I do read those eye-candies, I can’t help but recall the miserable track record of active…
Thank you, dear readers, for reading my blog-posts and for letting me know what you like and dislike about them (for example, too long, too wordy). I hear you; thus, this post is succinct in answering: Why we save so little? Why evolution is to blame for our stock losses? Why…
We tend to associate more importance to recent events than we do to less recent ones. The more vivid our memory of something which occurred in the past is, the more “available” that event will be in our mind and the more…
Most of us think that if we win the first prize in a lottery we’ll be happy forever. A few days ago four fellow inhabitants of Singapore won the TOTO Hongbao draw bagging about S$3 Million each. Soon they…
The time has come again. It’s that time of the year when families gather for reunion dinners, when extended families from far-flung corners of Singapore meet in one central place for the annual “oh-how-have-you-been – when-are-you-getting-married – have-you-gained-some-weight – conversations”.…
In my last post I mused over Forecasts and those guys who come up with them. In my little research I came across so many noteworthy facts and statements on that subject that I decided to collate them in a…
Two recent events triggered me to do a bit of research. My son – having started Secondary Level 4 a few days back – asked me which job would be the best and whether he should target the Junior College…