Sunday, January 13, 2008
Great! Chem test is over. If there's a clinic for it, just sign-me-up.
Out of school, I spent the weekend buried in this book called 'Cashflow Quadrant'. You guys should read it sometime. I kinda liked it's way of writing, making it fictional-like despite being a self-help book. Here's something useful i got out of it: Can you differentiate between opinions and facts? Just try listing the statements below as opinions or fact.
A house is an asset.
Doctors make alot of money.
Bonds are safer than stocks.
He has big muscles. He must be healthy.
They have a big house. They must be rich.
Get the comparison? You see, all these are not facts. they are opinions. The thing is that almost EVERYONE mistakes such opinions as facts. Worse still: these opinions are being offered by advisors as facts, where the financial illiterate would make decisions based on such information. Ok look at this from a physics point of view. If measurement 1 has a huge uncertaincity, then the scientist would make calculations based on this uncertainty, resulting in an even BIGGER uncertainty. Whcih leads to inaccurate answers a.k.a MISTAKES. Thus, most people are making MISTAKES with their hard earned money!
santacantfly :(; 10:17 PM (: