My personal opinion

Have you ever stared at your investment portfolio, feeling a mixture of bewilderment and mild panic, wondering how those carefully chosen stocks could have experienced such a dramatic decline? You're not alone. Many of us approach investing with a logical, detached mindset, believing that a spreadsheet and a few beneficial tips are all it takes. But what if I told you that the biggest saboteur of your financial success isn't market volatility but your brain?   That's the core message of "The Psychology of Investing," a book that, while not a single, definitive tome, represents a crucial body of work exploring the human element in financial decision-making. It’s a fascinating dive into why we do what we do with our money, often in ways that are spectacularly counterproductive. For anyone looking to improve their investment game, understanding these ingrained psychological biases is not just important; it's downright essential. Think of it this way: we're wi...

For most of my life, I believed that understanding money was a matter of IQ. Become smarter, learn the formulas, master the spreadsheets, and success will follow. I couldn't have been more wrong. If financial success were just about math, we’d all be millionaires. We have access to centuries of market data, sophisticated algorithms, and endless free advice. Nevertheless, people who are statistically brilliant (engineers, doctors, actuaries) often make astonishingly poor financial decisions. Why? This problem is due to the fact that managing money is not an exact science. It's behavior. Morgan Housel’s brilliant book, The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness, is not a "how-to" guide filled with stock tips. It's a deep, insightful dive into the messy, irrational dynamics that truly dictate our financial outcomes. If you’re looking for the ultimate guide to thinking differently about your savings, investments, and spending habits—this...

 If you've ever scrolled through Instagram, you've likely come across a glossy photo of someone "crushing it" accompanied by a caption that echoes, "Success depends on taking responsibility for your mistakes and focusing on your goal."  Yet, for most of us, those two tiny clauses seem like a daunting task. “Taking responsibility for your mistakes”—The Power of the Oops Moment. Why does this matter? When you assign blame to others, such as your boss, the market, or the coffee machine, you are essentially relinquishing control over your life. The moment you own a slip‑up, you instantly become two things: Control—You decide what the next move is. Learning—mistakes become data points instead of dead ends. Everyday example: The missed deadline Imagine you’re a freelancer and you turn in a project two days late Ownership route: “I misjudged the scope and didn’t buffer enough time.” What changes? In the first scenario, you wasted energy defending yourself. In the s...

Let's be real for a second. Whether you're glancing at your retirement fund, scrolling through job postings, or just trying to navigate the price of groceries, there's one thing that feels constant: change. People often perceive this constant change as instability. The stock market experiences fluctuations, the job market adapts to technological advancements, and even the housing market exhibits unpredictable fluctuations. It's enough to make anyone feel twitchy about their future. That's why I love this quote from Mikhail Barshchevsky: "Markets are unstable. Invest in yourself." Simple, right? However, the implications are profound.  This piece of wisdom isn't just a clever saying. Firstly, Barshchevsky confronts us with the harsh reality: "Markets are unstable." And he's not wrong. Financial Markets: Stocks go up, stocks go down. Cryptocurrencies soar and plummet. Interest rates fluctuate, affecting everything from your savings to your ...

It's a universal fantasy, often painted with scenes of absolute comfort and freedom. But what if the desire goes beyond merely accumulating wealth? What if it's about having more? That's the provocative question posed by the 19th-century philosopher John Stuart Mill: "People would rather not be rich; people want to be richer than others." At first glance, this Mill quote may sound cynical, even dismissive of true ambition. But it is strikingly true, especially in our modern world. Imagine someone who has enough to live comfortably, free of debt, and able to afford a lovely home, nutritious food, occasional holidays, and reliable healthcare. By many objective standards, this person is rich—at least relatively speaking compared to the majority of the global population. However, many individuals in this position still yearn for more. Why? Mill suggests it's because our definition of "rich" isn't a fixed, internal metric. It's an ever-shifting be...

I recently was browsing through my book titled “ The Wealth in the Great Kingdom” (an exceptionally engaging read, by the way!). and decided to analyze the quote. We all know it to some extent.” Think about it. Not because you didn’t want it, but because the “what if” monster has reared its ugly head? What if I try to start a side business and no one buys anything? What if the office mocks my request for a promotion? What if I enroll in that art class and my drawing resembles a toddler’s scribble? What if I start this blog (meta, I know!) and no one reads it? This fear of failure is more than just a bothersome voice; it truly stifles our potential. It stops us from even trying to do things that are explicitly good for us or deeply rooted in our hearts. And here’s the thing: It’s not just about grand, life-changing dreams. It’s also about the smaller, everyday things that could make a big difference in our lives. Asking for help, setting boundaries, taking a different route to work, try...

Have you ever wondered what separates those who constantly put themselves out there from those who are always one step ahead and those who seem to understand life on a deeper level? We often throw around terms like "stupid," "smart," and "wise" quite loosely, but there's a fascinating distinction that goes far beyond just IQ. "A stupid person doesn't accept mistakes." Now, I'm not talking about someone who struggles with complex math, because that's just a skill gap or a different kind of intelligence. I'm talking about someone who keeps making the same beginner's mistakes, over and over again. You know the type: touches a hot stove, burns their hand, and five minutes later reaches for it again, genuinely surprised that it's still hot. Or he falls for the same phishing email, even after you’ve explained it to him three times. It’s not a lack of information; it’s a complete failure to learn from experience or simply a c...