The economists of the world make on amazingly stupid assumption: “Man is a rational animal” and this leads them to a belief ‘therefore he will do things which are best for him’. This means he will: a) choose the most profitable options – financially rational b) he will take a long term view of things […]
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 kids in their 20s are serious about their career. Sadly many, many more are not. The reasons for this are not far to seek. Many of them have been told that it is all right to keep wondering what to do in your 20s. Not true at all. I know of one boy who […]
A few days ago I posted some money management rules which had changed…so here are a few more: Most of the rules are what you have heard…or will hear. 1. A. Stay away from equity. 1.B. New Rule: Staying away from equity will ensure that your portfolio is well short of meeting your retirement requirements! […]
No health deteriorates overnight. Sure we have heard of cancer, liver and kidney failure – but there are always some signals. Ignore them, and you are dead. Literally. Similarly are there some signals that you can pick up from a business that pre warn you about failure? Well here a few that I remember from […]
Was wondering what are the few sentences that a person should be taught to be in the financial media business. Here are a few: As we had said earlier, the market is now decoupled. Even though the markets went down yesterday in US Indian markets have gone up. Indian markets have gone down, in keeping […]
I wrote a post on volatile markets a couple of days back and said: Is the market at a low? can it go to 15,000 – frankly I do not have an answer. today I received a note from Prashant Jain and he has used exactly the same nos. and the same words.. It is […]