How I learned to mind my own business
Some of my loyal readers – ok, make that two – asked me at what age I started to mind my own business and to actively take care of my own business. Here is how it all started: Well, that’s…
Category: What Works Great life lessons from people who have “been there, done that” long before you.
New year, new start, same old, but still the most accurate stock market forecast for 2016
At the beginning of each year, there’re many pundits, experts, self-proclaimed gurus, and other suspicious characters who’d like to sell you stuff predicting the directions of the Stock Markets. As I personally have ample years of experience in the Stock Markets…
The Just-World-Bias
Do you believe in a just world? Most of us do. Simply because we assume that bad things will befall bad people, and good things, to good people. The bad news is that it doesn’t always play out that way and also that the world…
Are you a ‘kicker’ too?
Have you ever had—while driving—that extraordinary experience where anyone driving slower than you is an idiot, while anyone driving faster is a maniac? That, my dear reader, is an example of the Correspondence Bias in full-blown action. Generally, this bias refers to the tendency…
A little bit more information for you? No, thanks, I got plenty already.
In psychology, there is the term “Information Bias” which is the tendency to seek information when it doesn’t affect our actions. Nevertheless, more information isn’t always better. The instinctual shortcut that we take when we have “too much information” is to…
The Seer-Sucker Illusion
“Imagine you pick 1 million random people from around the world every day,” said Toby McDade, chief investment officer of Momentum Fee Capital Management. “Some days, 51% would be in a good mood, 49% in a bad mood. The next…
5 Lessons from history to ditch the Ignoring-History-Bias
I blogged about our deficits in predicting the future the other day and mentioned not only our tendency to compare the present to the past, but also how we tend to get history wrong—by neglecting the impact that accidents and chance had on them. Isn’t our place in history today…
Who can I blame for this?
Here is a bit of philosophy to assist in rapidly finding someone (else) to blame : “Huey, Dewey and Louie. You stand accused of a grievous crime. What do you have to say for yourselves?” “Yes, I did it,” said Huey. “But it…
1 Mwh of sunshine
“A day without sunshine is like, you know, night.” — Steve Martin I personally prefer sunshine (though perhaps with less heat here in Singapore), because, since early August this year, we are the proud owners of a Solar or Photovoltaic (PV) System at our…
The Curse of Knowledge
Yes, that’s right, you have read the header correctly. Because if you know something, you can’t appreciate what it’s like not to know it. And this is when better-informed people encounter problems thinking about problems from the perspective of their less-informed…
Great life lessons from people who have “been there, done that” long before you.
New year, new start, same old, but still the most accurate stock market forecast for 2016
At the beginning of each year, there’re many pundits, experts, self-proclaimed gurus, and other suspicious characters who’d like to sell you stuff predicting the directions of the Stock Markets. As I personally have ample years of experience in the Stock Markets…
The Just-World-Bias
Do you believe in a just world? Most of us do. Simply because we assume that bad things will befall bad people, and good things, to good people. The bad news is that it doesn’t always play out that way and also that the world…
Are you a ‘kicker’ too?
Have you ever had—while driving—that extraordinary experience where anyone driving slower than you is an idiot, while anyone driving faster is a maniac? That, my dear reader, is an example of the Correspondence Bias in full-blown action. Generally, this bias refers to the tendency…
A little bit more information for you? No, thanks, I got plenty already.
In psychology, there is the term “Information Bias” which is the tendency to seek information when it doesn’t affect our actions. Nevertheless, more information isn’t always better. The instinctual shortcut that we take when we have “too much information” is to…
The Seer-Sucker Illusion
“Imagine you pick 1 million random people from around the world every day,” said Toby McDade, chief investment officer of Momentum Fee Capital Management. “Some days, 51% would be in a good mood, 49% in a bad mood. The next…
5 Lessons from history to ditch the Ignoring-History-Bias
I blogged about our deficits in predicting the future the other day and mentioned not only our tendency to compare the present to the past, but also how we tend to get history wrong—by neglecting the impact that accidents and chance had on them. Isn’t our place in history today…
Who can I blame for this?
Here is a bit of philosophy to assist in rapidly finding someone (else) to blame : “Huey, Dewey and Louie. You stand accused of a grievous crime. What do you have to say for yourselves?” “Yes, I did it,” said Huey. “But it…
1 Mwh of sunshine
“A day without sunshine is like, you know, night.” — Steve Martin I personally prefer sunshine (though perhaps with less heat here in Singapore), because, since early August this year, we are the proud owners of a Solar or Photovoltaic (PV) System at our…
The Curse of Knowledge
Yes, that’s right, you have read the header correctly. Because if you know something, you can’t appreciate what it’s like not to know it. And this is when better-informed people encounter problems thinking about problems from the perspective of their less-informed…