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…
Celebrities Speak Out on Fame & Materialism The chap at the end of that video, Tom Shadyac, is a very remarkable personality. He made millions of dollars producing and directing Hollywood movies (Ace Ventura: Pet Detective, Liar Liar, Bruce Almighty). Then back…
Busy schedules and weekly routines have a tendency to put my brain on autopilot and I lose sight of the important things in life. Some of life’s essential truths need repeating. So, I’d better write them down: MY SELF-WORTH…
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…
We have the tendency to overestimate the degree to which others agree with us; therein making this—tendency—just another of those predictable patterns of thought and behavior that lead us to draw incorrect conclusions. Psychologists call this the False Consensus Bias. Let me ask you: “Is agreeing…
Most of us have a good reputation with ourselves. You associate all of your financial successes with skill, but all your financial failures with bad luck or the “unfair” market. Rather than admitting and learning from your mistakes, you ignore them, bury…