Recently heard people in my peer groups discussing criteria for selection of schools, education boards and so on. I realized one can draw many parallels with investment philosophy and thought we'd do a "School Selection and Financial Decisions" series. One thing I realised is the old criteria of selection - distance of the school from your home, the cultural, and extra-curricular activities, the quality of the teaching staff have a diminishing relevance. After all, if all the child's friends in your residential complex are going to IB and other fancy schools, you'd be mad to enroll anywhere else, even when you know you cannot financially afford it. Financial incapacity is just one of many other psychosocial reasons one has to consider. " All my colleagues have enrolled their children in the Cambridge board." "They follow the international board of education. They have very high standards, and we need to give the best to our child". There i...
Your go-to guide for personal finance, behavioral finance, and smart investing. Welcome to a clutter-free space in the world of personal finance and investments. In an age of information overload, this blog simplifies the basics of money management, investing, and mutual funds — making them easy to understand for beginners and seasoned investors alike. Here, we focus not just on numbers, but on the psychology behind them. Behavioral finance plays a key role in helping you recognize common biases