Thinking Fast and Slow by Daniel Kahneman (Book Recommendation)

"Thinking Fast and Slow" by Daniel Kahneman introduced two fictitious characters in this book, the intuitive system 1, which does the fast thinking, and the effortful and slower system 2, which does the slow thinking, monitors system 1, and maintains control as best it can within its limited resources. Kahneman presented the use and limitations of each system thru research and experiments. System 1 reminds us of the Gladwell's "Blink" and their limitations touches by Taleb's "The Black Swan". It took me long time to finish this book to absorb the essence of each chapter especially in economics, risk management, and investments.

Comments

The Intelligent Investor by Benjamin Graham (Book Recommendation)

The Intelligent Investor by Benjamin Graham as my first read book for 2013 is a fusion of my interests in non fiction books and stocks. For the past 8 years of monitoring PSE, valuations were never been as high as the past year and early this year which should trigger better research and understanding "Mr. Market".Graham teaches strategies for both aggressive and defensive investors, balancing portfolio thru common stocks and bonds, cost averaging, reading and comparing financial statements which proves the comment of Warren Buffet "This is by far the best book on investing ever written."

Pixar’s Inside Out and the Stock Market

After watching the latest animation movie from Pixar, several thoughts came to my mind and these are few of those. The characters resemble the emotions we put when investing specially in stocks. The following article contains spoilers for those who haven’t watch the movie. "Inside Out Review!" by AntMan3001 is licensed under CC BY-SA 2.0 Joy Joy is the first thought that will come, as we are new in the stock market, we are excited to buy our first pick. Aiming to have our initial gain, our first share of dividends, our goals instantly pop out from our minds associated with those investments when target appreciation was realized. We are always eager to check the news regarding our picks, their projects, income, and rumors and disclosures. Sadness We waited days, months, years, checking portfolio with hitting some buy and sell transactions. We realized that it is not easy. We gain some, we lose some. We hit some curved balls for a ...

HMO, Health Insurance, and Hybrid Medical Plan

The COVID-19 pandemic crisis may have few positive impact in our lives and one of those is awareness to health. Health is wealth as sickness can drain wealth or worst lead to untimely demise.Sickness can have a factor of protection and prevention which involves the topics of immunity, lifestyle, stress, environment, vitamins, diet, genes, and exercise. Due to vast origin and complex human nature we cannot escape facing illnesses at least few times in our lives. When we got sick, we usually go through different stages. Diagnosis, wherein we go to a physician for checkup. In this stage there are also specialized equipment and tools necessary to determine the cause of our sickness. After proper diagnosis, the doctors would then recommend medicines or treatment procedures to cure our sickness until recovery. Each of the stages during diagnosis, treatment, and recovery requires substantial amount of money depending on the nature of illnesses. Oftentimes, it is difficult to face illness...

Digital Floors and Ceilings

Search This Blog