On the occasion of the upcoming “big day” that is almost entirely invented by florists and the bric-a-brac manufacturers of this world, I would like to share my humble thoughts about diamonds. Yes, that chemical compound, that metastable allotrope of carbon, that sparkling gem…
Are you a bit shortsighted? Well, I was. Do you suffer from Myopic Loss Aversion—when it comes to money? Myopic-what-aversion? Myopic Loss Aversion is the tendency to focus on avoiding short-term losses—even—at the expense of long-term gains. As a consequence in the investment field—and…
Let me share some thoughts about what we call Home Sweet Home, or what behavioural economists call Home Bias. Or what investors need to remember—to achieve a diversified portfolio. Have you heard of what investors in Sweden do ? Although all of…
I believe people sometimes need an accountant with a whip next to them. Wuh-PSSSH! Whapshhh! Although for some of you, that may sound like a great idea (“yeah, give it to me!”), my take is that the majority of you would be…
At the beginning of each year, there are many pundits, experts, self-proclaimed gurus, and other 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 (and know for sure what’s…
The other day, a friend of mine was slightly amused after I bombarded him with reasons why he should always check management fees before selecting a Mutual Fund or (even better) an ETF. His words: “C’mon, what difference does a management fee…
Executive Summary: Haidt poses several “Great Ideas” on happiness espoused by thinkers of the past—Plato, Buddha, Jesus, and others—and examines them in the light of contemporary psychological research, extracting from them any lessons that still apply to our modern lives. …
52 years old, three teenage kids, one wife, home since 1997: Singapore After completing my A-levels in Germany, I started on the traditional path in acquiring some skills to earn money. I did an Industrial Apprenticeship with Siemens. Then worked, and…
1) They say no to smaller expenses which can add up to big savings. For example, replace an expensive dinner in a fancy restaurant with a potluck dinner with friends, or meet up with friends for a walk in the park instead…
Schwager takes aim at the most perniciously pervasive academic precepts, money management canards, market myths, and investor errors. Like so many ducks in a shooting gallery, Schwager picks them off, one at a time, revealing the truth about many of…