High levels of the stress hormone cortisol may contribute to the risk aversion and ‘irrational pessimism’ found among bankers and fund managers during financial crises, according to a new study. Cortisol is a hormone secreted by the adrenal glands in response to moments of high physical stress, such as ‘fight or flight’. Importantly, cortisol also…
Get ready to have your mind blown. I was seriously shocked at some of these mistakes in thinking that I subconsciously make all the time. Obviously, none of them are huge, life-threatening mistakes, but they are really surprising and avoiding them could help us make more rational, sensible decisions. Especially since we strive for self-improvement…
IN the opening act of Tom Stoppard’s play “Rosencrantz and Guildenstern Are Dead,” the two characters are passing the time by betting on the outcome of a coin toss. Guildenstern retrieves a gold piece from his bag and flips it in the air. “Heads,” Rosencrantz announces as he adds the coin to his growing collection.…
We all know that money can’t buy happiness. If you’re unhappy before you make a lot of money then extra cash isn’t going to suddenly change your outlook on life. I have written in the past about people who win Lotto, and the fact that many of them end up losing their fortune. They’re not…
Are you sitting comfortably? Bad idea. Stand up and walk around the house. Leave your desk and jog down the office stairs. Even better – jog up the stairs. If it’s lunchtime, go and join a yoga class or head for the shops on foot. What’s to lose? You are going to feel better and…
If you’ve ever watched someone meditating it looks like they’re just sitting there with their eyes closed. But what’s going on in their head is extremely interesting: metta meditation (or ‘loving-kindness’ meditation if that’s your thing) has been proven to actually make long-term practitioners certifiably better people. You might have to do it for 1,000…
A Brief Introduction to the Basics of Game Theory from Trading Game Pty Ltd
Spare a thought for the word ‘no’. It gets a bit of a bad rap. It’s seen as a negative word to use, a slap-down, a refusal. And many people are uncomfortable with using it. They tend to stick to ‘maybes’ or they delay making decisions. Sometimes they will simply ignore an issue, hoping it…
I am off to London via a stopover in Singapore this week so normal transmission will be somewhat interrupted whilst I swan around London showing LB the sights. Before leaving I thought I would leave you with something I consider quintessentially English.
Before jumping on a plane to London later this evening this article popped into my feed – Elon Musk Versus The Haters Mark Spiegel likes to think of himself as a car guy. That’s why he began shorting the stock of Tesla Inc., the electric-car maker that is part of CEO Elon Musk’s mission to save…
…….Behavior, in business and investing, is the art of putting skills to use. It’s probably the hardest part of this game. It’s not analytical. It’s often counterintuitive. But it’s the secret ingredient most of us are after. Skills should be praised. But skill without the right behavior often has a ceiling and an expiration date.…
STOCKHOLM—This is a high-tax, high-spend country, where employees receive generous social benefits and ample amounts of vacation time. Economic orthodoxy would suggest the dynamics of a welfare state like Sweden would be detrimental to entrepreneurship: Studies have found that the more a country’s government spends per capita, the smaller the number of start-ups it tends to have…
I have a theory that the easiest job in Australia is to be the head of one of big four banks. On day one of my employment as CEO I would do two things. First and foremost make certain they had the correct banking details so that my grossly inflated salary went into the right…
Apparently how you spend your money in retirement has a lot to do with your life satisfaction – this is off course assuming you have any money in retirement to spend. Long story made short spending it on time consuming leisure activities where health allows generates the most satisfaction. Overall satisfaction is also increased by…
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