Our wealth as individuals is intricately tied to our environment. The sooner we realize this, the better for us. In our last instalment, we established that humans do “default to the truth” with an anecdotal account of the Bernie Madoff scandal. If you are reading this, it is either you are a HENRY (High Earners […]
In “Talking To Strangers”, Malcolm Gladwell wrote about our tendency to “default to the truth.” Humans have a proclivity to believe the best in outcomes even when facts say otherwise. The facts are glaring but we fail to admit them. Our tendency to default to truth might be as a result of limited financial education […]
“I can calculate the motions of the heavenly bodies, but not the madness of the people.” – Isaac Newton. If you are an investor without a strategy you are probably a gambler living in denial. Even the greats suffer losses, in the game of investment, a loss is inevitable. Strategy is king, perfect information, if […]