"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.
I posted a survey question 4 years ago about influencers of people to invest in the stock market and these are the results based on the responses. Bro. Bo Sanchez Out of the respondents, 20% answered famous personalities like Bro Bo Sanchez. Bro Bo, with his book “My Maid Invests in the Stock Market” and his group Truly Rich Club apparently influenced a lot of people in this previously perceived rich man’s endeavour. The idea of linking religion with the heavenly side of money and investment seems to be a good formula. Another name of financial guru came out with Bro Bo and this is Mr. Francisco Colayco who advocates financial literacy thru Colayco Foundation. Warren Buffett also is in the list of personalities mentioned since he became rich thru stock market investments. ANC On the Money Runners up on the list are influencers within the workplace and colleagues, 11% of respondents were led by their friends in the office who are already earning in th...
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