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…
This bias might be at the root of all the other biases that very active traders “enjoy”. Yet, being right has very little to do with making money! The evidence is overwhelming that the more we trade, the worse we would do. That’s because most…
You can? That’s great! Because I would like to share what I recently read about “time pressure” and why it seems to be on the rise in these modern times. Initially, I thought that I knew the answer; the pace of life…
This is the tendency to fail to incorporate prior known probabilities which are pertinent to the decision at hand. Caution: Don’t read on if you are 40 years of age and above! Here’s an interesting question for the rest of you: Why aren’t more young people…
I realise now that NOW is the only time that exists, although that truth about time took me a while to comprehend. Our life, you see, is about a series of moments in time, but we often live these moments hoping to improve a future moment—to have a better…
Now, that is a no-brainer! Others might even call this a “know-brainer”. Still, I know from personal experience that this principle is not easy to apply; nevertheless, it is worth your utmost attention as it is the key to growing your savings. People are always talking about character,…
Your answer might be a clear “Yes,” in case you have loads of money and zero concerns about it—EVER—being depleted. Congratulations! But in all other cases, I would recommend that you get yourself informed about how money (in general) and the stock market (in particular) work.…
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…
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…
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…