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On Risk

Worry is not a sickness but a sign of health if you are not worried, you are not risking enough.
Always play for meaningful stakes if an amount is so small that its loss won’t make any significant difference, then it isn’t likely to bring any significant gains either.
Resist the allure of diversification.

On Greed

Always take your profit too soon.
Decide in advance what gain you want from a venture, and when you get it, get out.

On Hope

When the ship starts sinking, don’t pray. Jump.
Accept small losses cheerfully as a fact of life. Expect to experience several while awaiting a large gain. [Read more]

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Saving Money is the key to financial freedom. Unfortunately, talk about savings and most people’s eyes start to glaze over. Inside many people simply feel that life is for living now, not for sometime never in the future and anyway they already contribute to a retirement fund.

This is a big mistake and many people make it; believing that savings are only about retirement. Retirement planning is important but it is not the only or the most important reason for saving. [Read more]

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