Would you play this game?
A coin is unfair in the sense that it will land on heads 53 percent of the time. If the coin lands on head, then I will give you $10. Otherwise, you will have to give me $10.
I occasionally hear some girls complaining: “Why are all the good guys taken?” Most authorities on the subject of social interaction would attributes the main culprit to the impossibly high standards. It makes sense. Sort of. It is like setting the bar too high for your potential partner. When you only want a man who is at least six feet four tall, that cuts a lot of options. What if it is just how the game of romance operates irrespective of standard level?
Imagine you are a flower shop owner in New York. What is the most important day of the year for your business? That’s right, Valentine’s Day, where the price of roses can be twice as much as the price on February 15th. Here is an interesting thought: Rose is an organic living thing. Somehow it must be grown, cut at the right amount of blossom, arrives in the US a few day before February 14th. Any later, and you are running dangerously close to have crate full of roses on February 15th. Not a great position to be in. So, I found the journey of rose from the farms (usually oversea) to the shops across the world, fascinating. That is exactly what the team from NPR Planet Money did. You can listen to it here.
Jack Schwager’s Market Wizards is a must read for any trader who wishes for success in trading. The premise is this: learn from the best in business which includes Ed Seykota, who realised over 250,000 percent return over 16 years. While any two traders in the book may differ drastically on implementation their visions, they all exhibit similar characteristics. Since its first publication in 1990, these lessons still relevant today. With minor alteration, I would suggest further that these lessons are applicable to life as well.