Great life lessons from people who have “been there, done that” long before you.
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…
The GSS – the Great Singapore Sale is upon us again. And I am not talking about the Singapore stock market here. It’s an opportune time to remind ourselves of that one emotion that is the cause of the lack…
At the end of part 1 of this blog post we parted with the open question: How were most of these investment legends able to be wrong more often than they were right and still make incredible profits? To analyze…
Oops, did you click this post by accident? Or did you conscientiously click it because you do consider yourself a “serious investor” – I mean – serious investor (no irony intended)? I do apologize if my header created any sense…
I believe in growing our wealth defense is often more effective than offense. And a good defensive approach would be not to get too deeply indebted (money or otherwise). Some people say—follow the Golden Rule—”Don’t get into debt at all.”…
… is in the dictionary. Have you ever thought for a moment that there really is a shortcut to success without having to put any effort in it? Change your life-style mindset and change your thoughts. Here are some ideas I gathered over time from those “Success…
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…
Warning – very egotistical post ahead with nothing new, but stuff you knew already. The other day Rolf Suey dropped a fitting comment to my post “Is having more money important to make you happier? Let’s put it into perspective”…
A few days back I wrote about “Am I saving enough?” Thank you for all your comments. I am just afraid that those people with their benchmark savings ratios are not really representative of the regular guys. Could it be…
We all have a preferential set of intuitions, feelings, and ideas. Less poetically characterized by the term “bias”. These little quirks in our thinking pose a challenge to our ability to weigh evidence accurately to arrive at truth. Bias is…