If you want to create wealth, it will help to understand what it is. Wealth is not the same thing as money. Wealth is as old as human history. Far older, in fact; ants have wealth. Money is a comparatively recent invention. Wealth is the fundamental thing. Wealth is stuff we want: food, clothes, houses,…
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Whilst puddling around today I heard on the radio that Glenn Stevens the head of the RBA had issued a dire warning for just about everything. I have to admit I wasn’t paying attention because this is the same group that has predicted 17 of our past 3 recessions but I decided to look up…
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This piece coincides nicely with a book I have just finished reading called The Importability Principle by David J Hand which disappointingly is actually quite dull. Although it does do a good job of explaining the inevitability of single people winning lotteries multiple times. Get enough people doing the same thing for long enough and…
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Last year I had the pleasure of training with Dan Inosanto. For those who dont know the name he was a friend and colleague of Bruce Lee’s. We spent an afternoon listening to his wisdom and getting everything i could from someone who was 77 and still in wonderful condition. During one of the breaks…
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So popular is the field that behavioural economics is now often misapplied as a catch-all term to refer to almost anything that’s cool in popular social science, from the storycraft of Malcolm Gladwell, author ofThe Tipping Point (2000), to the empirical investigations of Steven Levitt, co-author of Freakonomics (2005). Yet, as with any success story, the backlash has…
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By “bliss” he meant that each person has skills and talents that collectively move us toward authentic self-expression. Bliss is our natural direction; it inspires the highest caliber of creativity and performance. Some people know the first time they put pen to page that they were born to write. Others feel most at home with law or…
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Researchers from the University of California, Berkeley, National University of Singapore and University of Illinois at Urbana-Champaign (UIUC) have shown that betting decisions in a simple competitive game are influenced by the specific variants of dopamine-regulating genes in a person’s brain. Dopamine is a neurotransmitter – a chemical released by brain cells to signal other brain…
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God I hope so…….. “We got interested in this idea because there is abundant evidence that higher socioeconomic status — higher income or wealth, higher education — does not boost subjective well-being (or happiness) much at all. Yet at the same time, many theories suggest that higher status should boost happiness.” Bugger…doesnt look like it…
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