1) under no circumstances may two men share an umbrella; unless at rugby, and your beer is getting wet, then, for the drinking period only, it is permissible
2) it is ok for a man to cry under the following circumstances a) when a heroic dog dies to save its master b) after wrecking your boss’s car c) one hour, 12 minutes, 37 seconds into “The Crying Game”
3) any man who brings a camera to a stag night may be legally killed and eaten by his mates
4) unless he murdered someone in your family, you must bail a friend out of jail within 12 hours
5) if you’ve known a bloke for more than 24 hours, his sister is off limits forever, unless you marry her
6) Moaning about the brand of free beer in the fridge is forbidden. However you can complain at will if the temperature is unsuitable (more…)
Spending: If you buy things you don’t need, you’ll soon sell things you need.
Savings: Don’t save what is left after spending; spend what is left after saving.
Hard work: All hard work brings profit; but mere talk leads only to poverty.
Laziness: A sleeping lobster is carried away by the water current.
Earnings: Never depend on a single source of income.
Borrowings: The borrower becomes the lender’s slave.
Accounting: It’s no use carrying an umbrella, if your shoes are leaking.
Auditing: Beware of little expenses; a small leak can sink a large ship.
Risk-taking: Never test the depth of the river with both feet.
Investment: Don’t put all your eggs in one basket.
1. Overconfidence and optimism
Most of us are way too confident about our ability to foresee the future, and overwhelmingly too optimistic in our forecasts.
This finding holds across all disciplines, for both professionals and non-professionals, with the exceptions of weather forecasters and horse handicappers.
Lesson: Learn not to trust your gut.
We consistently exaggerate our prior beliefs about events.
Market forecasters spend a lot of time telling us why the market behaved the way it did. They’re great at telling us we need an umbrella after it starts raining as well, but it doesn’t improve our returns. We’re all useless at remembering what we used to believe.
Lesson: Keep a diary, revisit your thinking constantly.
3. Loss aversion
We hurt more when we sell at a loss than we feel happy when we (more…)
1. Once, all villagers decided to pray for rain, on the day of prayer all the People gathered but only one boy came with an umbrella…THAT’S FAITH
2. When you throw a baby in the air, she laughs because she knows you will catch her…THAT’S TRUST
3. Every night we go to bed, without any assurance of being alive the next Morning but still we set the alarms in our watch to wake up…THAT’S HOPE
4. We plan big things for tomorrow in spite of zero knowledge of the future or having any certainty of uncertainties…THAT’S CONFIDENCE
5. We see the world suffering. We know there is every possibility of same or similar things happening to us. But still we get married??..THAT’S OVER CONFIDENCE!!