In 1997, Warren Buffett, the famous investor and multi-billionaire, proposed a thought experiment. “Imagine that it is 24 hours before you are going to be born,” he said, “and a genie comes to you.” “The genie says you can determine the rules of the society you are about to enter and you can design anything…
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“To me, stillness is what makes life worth living,” Holiday says during our conversation. “If you have all the money in the world, all the power in the world, but you are frantic, at the mercy of your own thoughts, what’s the point?” More here – GQ
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Life is unpredictable. And that’s okay. Embrace it. When nothing is certain, everything is possible! Your plans for tomorrow, next month or next year may not unfold as you expect. But it’s important to make plans and move on. Landon Donovan once said, “Life isn’t perfect, of course, but we all know it’s how you…
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The outcome bias erodes your sense of risk and makes you blind to error, explaining everything from fatal plane crashes to the Columbia crash and the Deepwater Horizon oil spill. More here – BBC
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Peter Rahal, the 33-year-old energy bar impresario who sold RxBar to Kellogg for $600 million and became something of a consumer products legend in the process, stands in the gigantic, spotless kitchen of his new Miami Beach mansion. Behind him, floor-to-ceiling windows revealed his pool, his outdoor bar, and Sunset Harbour. Throughout the house are…
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I got flicked an article from a few weeks ago from the AFR that was titled Brace for 5pc super fund returns and the cynic in me instantly assumed that the majority of funds were going to lift their returns to 5%. For some, this would mean doubling their long term rate of return which…
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