What financial independence really means
Independence, by definition, is the ability to live by your own terms and conditions, take your own decisions and control your life the way you want. While there are many factors that can make this happen, financial independence is definitely paramount. What financial independence really means is that you don’t have to solely rely on […]
News Bias
In today’s technologically advanced world we have an overload of information. We are informed about almost everything but know only a few things. You might wonder why? Let’s take an example. Can you name one piece of news over the past few years that have helped you take a certain drastic step with respect to […]
Narrow Framing Bias
We don’t see things as they are; we see them as we are.” — Anaïs Nin Narrow Framing Bias: Narrow framing means taking a decision without considering all the factors that can affect a particular decision. Example: Mr. Harshil wants to buy a Phone the only factor that he thinks of is the brand though […]
Side effects of having an ownership bias while investing.
In 2010, Mr. Dumb bought a flat for his personal on Link Road, Bandra. He paid Rs 2.5 crores for that flat and expected the price to go up by 50% in 4 years. Now in 2014, there is a buyer who intends to purchase his flat for Rs 3 to Rs 3.25 crores but […]