Category: Mindset

A Victim of Sunk-Cost Fallacy

“Patience is a product of confidence and trust.” — Peter Kaufman The only ally for long-term investment is time. For an investment to grow over time, investors require patience. And to be patient, investors need to have confidence and trust the investment will grow over the long term. Malaysia Equity Market In my opinion, confidence […]

Spending – From a Time Perspective

Recently I was reading Naked Economics, authored by Charles Wheelan. On page 202, the author shared the below quote that got me thinking how spending can be measured from a time perspective. “Making money takes time, so when we shop, we’re really spending time. The real cost of living isn’t measured in dollars and cents […]