Our love for stories and the ability to share stories widely has been mooted as the key determinant of our success as humankind, but also our potential downfall as investors. We cannot resist a good story, which talks to our
To meet reality you might have to lower your expectations
The secret of happiness or rather the reason for unhappiness is the gap between our objective reality and our imagined expectations. If you imagine yourself flying 1st class, you are not likely to be very happy while sitting in coach.
Don’t follow the short-term herd
The problem with having written this column for 15 years is that you eventually start sounding like a broken record, for millennial readers that is those vinyl black things in a cardboard box in the garage. The thing about successful
Why finding the right financial adviser is essential
What does your financial adviser do for you? According to Daniel Kahneman Nobel prize winner and author of “Thinking, Fast and Slow”, financial advisers are responsible for: “The anticipation, diagnosis, and the management of client discomfort and regret.” Kahneman &
Is “this time is different”?
Sir Franklin Templeton, one of the greatest investors of this century, is quoted as saying the four most expensive words when it comes to investing is “this time is different”. The current level of negative sentiment in SA is resulting
What does money mean to you?
Establishing if you have enough for retirement is a fairly simple exercise of determining how much income you need to fund your lifestyle and then calculating how much capital is required to provide for this income using an assumed rate
Bubble Trouble
The latest edition of Noseweek carries a story titled, “BUBBLE TROUBLE. A South African economic meltdown is imminent, warns the analyst who forecast the last global financial crisis”. The problem with sensationalist journalism / predictions like this is that the
Emotional Intelligence
29/06/2016 The heading is taken from a book by Daniel Goleman with the same title. Daniel refers to emotional intelligence (EQ) as self-awareness. “It is about understanding the bad decisions we make and being able to monitor and manage our