Counting small things and making small things count
Making good financial decisions is not all about big decisions, it is also about the small decisions that have a significant impact. I had a term life policy which I had bought about 9 years ago. The prices of term life insurance have fallen drastically since that time and now I could buy the same […]
Predictably irrational….
Our bias: We believe that more people die in cyclones or earthquakes as opposed to malaria. We remember extraordinary events, hence we feel that they have a greater impact. Economic impact of our bias: Markets crashes, losses, and frauds get a lot more air time – hence there is a prevalent misconception about business. We […]
Getting time on your side…
Let’s say you believe that team A is an excellent team. If you are betting that your team will win in a game then you have to be right on that day, which is not certain as even the best teams can have an off day. But, if you are betting on good win record […]
The only certainties in life are death and taxes
Tax avoidance is the legal usage of the tax regime to one’s own advantage, to reduce the amount of tax that is payable by means that are within the law. (Tax avoidance is legal, tax evasion is not) Managing taxes well will help us keep more of our money. We should realize that the people […]