Threw a die that shows a 1. And this picture's file name happens to start with the number 1 so I uploaded this picture.
I was just kidding. I deliberately uploaded this picture and the above statement is just to educate those who are still using the word "random" happily in facebook photos.
Q: Why soldiers are never good economists?
A: The latter make assumptions to simplify the complex world into workable models while the former kana *toot* when making one.
Something pondered upon me while I was plucking hair one fine night. If given a Manchester or Liverpool jersey for free, will I wear it? I thought it through with sense and rationality (I'm not a irrational fan!) before concluding I would look awful in them. Just imagine me......wearing a Manchester United jersey. Yuks!!
Cut me and I bleed black and white and I would pay to have a Newcastle jersey rather than receiving Liverpool, Manchester, Chelsea, Arsenal jerseys etc for free! Yes I am irrational after all but then, which die hard fan isn't?
Illustration of irrationality
Case 1: Newcastle lost the match due to controversial referee decision.
Newcastle Fan: Damn, we could have won the match if not for poor refereeing, UNFAIR!
Case 2: Newcastle won the match due to controversial referee decision.
Newcastle Fan: Well, this is football, you gain some you lose some, its fair. (i.e. We won the match and we don't care how we win it as long as we win)
Cut me and I bleed black and white and I would pay to have a Newcastle jersey rather than receiving Liverpool, Manchester, Chelsea, Arsenal jerseys etc for free! Yes I am irrational after all but then, which die hard fan isn't?
Illustration of irrationality
Case 1: Newcastle lost the match due to controversial referee decision.
Newcastle Fan: Damn, we could have won the match if not for poor refereeing, UNFAIR!
Case 2: Newcastle won the match due to controversial referee decision.
Newcastle Fan: Well, this is football, you gain some you lose some, its fair. (i.e. We won the match and we don't care how we win it as long as we win)
Those who were from the same camp with me should see some familiar faces.
Although they can do it, 80% of women don't actively engage in investment planning for their financial well-being
WHO'S better at investing: men or women?
'This is not only a fun question but it is of great practical value,' says INSEAD assistant professor of finance Lily Fang, who hosted a 'Women and Money' forum at INSEAD recently.
Some studies suggest that women are better investors than men; but dig a little deeper and the picture isn't so clear.
What is clear is that too few women take an active role in investing their savings. Since women on average live longer and have lower lifetime income than men, it's important that they learn more about investing, Asst Prof Fang says.
In a large number of academic studies of investment gains, men and women actually come out about the same on a net basis. Women do better in the end because they trade less frequently, so they don't run up expensive trading costs.
Assistant Professor Lily Fang believes it's very important for the family - both the man and the woman - to come up with a financial plan together and to invest together. Research evidence shows that, as a partnership, men and women make better decisions when they decide on investments together.
'(Men) take higher risks, and higher risk is rewarded with higher returns. But after you take out the transaction costs . . . men are slightly worse than women,' she says.
In fact, Asst Prof Fang says both men and women tend to underperform the major market indexes when they trade as individuals. 'The more you trade, the more you lose out against a passive index. So, compared to men, women might lose out a little less,' she says. Surprisingly, men trade almost 50 per cent more than women.
The statistics are the same if you compare women and men who are professional traders, but the sample size of women professional traders is so small that Asst Prof Fang is reluctant to draw conclusions.
She's much more confident about the obvious conclusion: 'The evidence should give women the confidence that they are perfectly capable of taking care of their financial well-being, and we need to get that message out there so that people can start doing the planning. Then it's a matter of educating yourself,' says Asst Prof Fang.
Unfortunately, the bad news is that the bigger picture indicates that 80 per cent of women actually don't actively engage in a financial plan.
Long-term financial planning is a particularly important issue for women, Asst Prof Fang says, because people are living longer and women have a longer life expectancy than men (often by 10 years or more). Also, in old age, women tend to be afflicted with long-term illnesses such as osteoporosis and arthritis.
'If you don't have a financial plan in place that you started thinking ahead of time, once you get (older), a lot of people are quite shocked' by their financial status, she says.
Women should know that it's never too early to start planning. Asst Prof Fang says women should start saving and investing when they land their first job.
Women shouldn't fight their instincts. Asst Prof Fang lists some important attributes that women employ when investing their money:
# They trade less frequently to keep costs down.
# They tend to hold more diversified portfolios than men.
# They're more ready than men to acknowledge that they need to find resources.
# They tend to have a longer-term perspective when investing.
# They tend to seek personal financial advice, instead of relying on advertisements and advice found on the Internet.
These attributes should serve investors well. But as a lot of women are busy with careers and family, some don't want to think about their long-term financial future and tend to leave financial planning to their husbands, Asst Prof Fang says.
She believes it's very important for the family - both the man and the woman - to come up with a financial plan together and to invest together. Research evidence shows that, as a partnership, men and women together make better decisions. Now it's up to women to take greater control.
Source.
WHO'S better at investing: men or women?
'This is not only a fun question but it is of great practical value,' says INSEAD assistant professor of finance Lily Fang, who hosted a 'Women and Money' forum at INSEAD recently.
Some studies suggest that women are better investors than men; but dig a little deeper and the picture isn't so clear.
What is clear is that too few women take an active role in investing their savings. Since women on average live longer and have lower lifetime income than men, it's important that they learn more about investing, Asst Prof Fang says.
In a large number of academic studies of investment gains, men and women actually come out about the same on a net basis. Women do better in the end because they trade less frequently, so they don't run up expensive trading costs.
Assistant Professor Lily Fang believes it's very important for the family - both the man and the woman - to come up with a financial plan together and to invest together. Research evidence shows that, as a partnership, men and women make better decisions when they decide on investments together.
'(Men) take higher risks, and higher risk is rewarded with higher returns. But after you take out the transaction costs . . . men are slightly worse than women,' she says.
In fact, Asst Prof Fang says both men and women tend to underperform the major market indexes when they trade as individuals. 'The more you trade, the more you lose out against a passive index. So, compared to men, women might lose out a little less,' she says. Surprisingly, men trade almost 50 per cent more than women.
The statistics are the same if you compare women and men who are professional traders, but the sample size of women professional traders is so small that Asst Prof Fang is reluctant to draw conclusions.
She's much more confident about the obvious conclusion: 'The evidence should give women the confidence that they are perfectly capable of taking care of their financial well-being, and we need to get that message out there so that people can start doing the planning. Then it's a matter of educating yourself,' says Asst Prof Fang.
Unfortunately, the bad news is that the bigger picture indicates that 80 per cent of women actually don't actively engage in a financial plan.
Long-term financial planning is a particularly important issue for women, Asst Prof Fang says, because people are living longer and women have a longer life expectancy than men (often by 10 years or more). Also, in old age, women tend to be afflicted with long-term illnesses such as osteoporosis and arthritis.
'If you don't have a financial plan in place that you started thinking ahead of time, once you get (older), a lot of people are quite shocked' by their financial status, she says.
Women should know that it's never too early to start planning. Asst Prof Fang says women should start saving and investing when they land their first job.
Women shouldn't fight their instincts. Asst Prof Fang lists some important attributes that women employ when investing their money:
# They trade less frequently to keep costs down.
# They tend to hold more diversified portfolios than men.
# They're more ready than men to acknowledge that they need to find resources.
# They tend to have a longer-term perspective when investing.
# They tend to seek personal financial advice, instead of relying on advertisements and advice found on the Internet.
These attributes should serve investors well. But as a lot of women are busy with careers and family, some don't want to think about their long-term financial future and tend to leave financial planning to their husbands, Asst Prof Fang says.
She believes it's very important for the family - both the man and the woman - to come up with a financial plan together and to invest together. Research evidence shows that, as a partnership, men and women together make better decisions. Now it's up to women to take greater control.
Source.
Nice, I called to terminate my Starhub MaxOnline few days ago. The CSO said they will call me back few days later to confirm. I thought they were trying to formulate an offer I could not resist (Which obviously is hard. When I have decided something with regards to IT, most likely I have done a reasonable amount of due diligence and you think those majority ignorant sales person able to persuade me?)
And so few days went pass - not a single day without youtube buffering of course - I received a call today. Without second guess, it was from their terminating department trying to persuade me to stay. What was their tool? This is the best thing. They gave me an offer that is EXACTLY the same as the one advertised on their PUBLIC domain i.e. an offer that is available is every peter, john and larry on the street. So much so for being a hub club member for years.
No prize for guessing correct the action I took.
And so few days went pass - not a single day without youtube buffering of course - I received a call today. Without second guess, it was from their terminating department trying to persuade me to stay. What was their tool? This is the best thing. They gave me an offer that is EXACTLY the same as the one advertised on their PUBLIC domain i.e. an offer that is available is every peter, john and larry on the street. So much so for being a hub club member for years.
No prize for guessing correct the action I took.
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