What is cognitive dissonance? Actually the question should be why as an investor / wealth creator should you be aware of this! Cognitive dissonance is our need to justify all our actions – even if we know that it is not worth justifying. It is easier to see examples of what is cognitive dissonance. We […]
Many people confuse risk with volatility. Volatility is not risk. It is like saying that the sea having waves is risky. If you build a ship and sell it saying ‘this ship will sail well when there are no waves’ – sounds like a joke, right? This is so bad that ‘Risk adjusted return’ is […]
It is not easy to give simple advice. It is ever more difficult to follow them. Simply because if you do follow them and make money, your MAIN assumption in life ‘what is complicated is good’ is shattered. Ok here are some old nuggets which I have said in the past, saying it now, and […]
Well, well you have to believe what the government tells you, right? No. Wrong. You need to see what is happening around you to guess what the growth rate can/ will be. 1. I spoke to a HR consultant she told me ‘Jobs paying more than Rs. 40 lakhs have just vanished. Recently when the […]