How do you value time versus money? Let’s first understand a crucial difference between them: As a personal commodity, money is extremely elastic, in that you can theoretically accumulate an infinite amount of it. Time, by contrast, is intrinsically inelastic:…
To grow your nest-egg you can earn more or invest more. Wherever you look there are reports on robots taking our jobs. Are you a bit scared of AI and robots yet? When my generation entered the workforce in the…
I had a sobering meeting with a former colleague from work. We had not met for years. But I vividly remember him making a commitment at the end of our previous coffee chat in 2016 or was it 2017 that…
This will have some long-term implications. As a rational optimist, I do believe that the vast majority of the 7.6 billion people in this world wake up each morning to build a better life for themselves. The younger they are…
Sorry, what did you say? “You are a bit late with your forecast, Tacomob. It’s already February!” Well, dear reader, what’s a year anyway? It’s merely the orbital period of the Earth moving in its orbit around the Sun. But…
Singapore is small by many standards. Certainly very small in terms of population. We only have 5.6 million residents. Roughly a quarter of municipal Shanghai or less than 0.1% (0.073% in fact) of the global population. A mighty punching-above-their weight…
A bit volatile out there recently, isn’t it? How do you feel? Calm or nervous? I choose to tell myself to stay calm and use the opportunity to refresh my memory on what I should do in order to be successful in…
After the recent days of heightened market volatility I was curious to check out how the S&P 500 component stocks have faired over the last 12 months: Hmm, looks to me as if the bull market is mainly hinged on those…
Hello, my dear reader, today I feel very powerful. So I have decided to promote you to the position of CEO. Congratulations. You are a real CEO now. Not later! Now! What do I mean by that? In this information age,…
Do you feel engaged at your work? This is somehow an off-pattern post here on TACOMOB. But it totally fits into the context of Taking Care of Your Own Business – your own business of earning money by working for…