Why do people take high risks even though they might lose their money?

Lately I've been grappling with a financial conundrum:" Why do people take high risks even though they might lose their money?" Just last week I learnt about something called the "Money Game" among the Chinese speaking community in Malaysia. It's a ponzi scheme, everyone acknowledges it as such, everyone who went in the scheme goes … Continue reading Why do people take high risks even though they might lose their money?

The 13th Warrior and… financial planning?!

I have these ideas in my head when I'm doing financial planning, and they somehow connects to movies that I've seen. For this week, the inspiration comes from The 13th Warrior starring Antonio Banderas. The first quote from the movie is:" I listened!" Scene here: https://www.youtube.com/watch?v=lnnREr8BV24 Those who watched the movie will remember that the … Continue reading The 13th Warrior and… financial planning?!

Sun Tzu and the Art of Personal Finance Part II

I've mentioned before that War is the Art of bringing more weapons to a battle than your opponent. To me, Sun Tzu's The Art of War discussions on military strategies, tactics, battlefield arrangements and spying is all about maximising one's weapons in a conflict while restricting your opponent's capability to bring his weapons to the battle. … Continue reading Sun Tzu and the Art of Personal Finance Part II