Ram Writes

Loss Aversion Photo by  Peter Feghali  on  Unsplash I hate to lose. I hate it even more to lose my money. I started to invest in stocks soon after I started to earn. I was naïve enough to ignore sane advice. I didn’t do my research and picked stocks when they were ripe at a pretty insane price and eventually, it became sour. I am a bit of a hygiene freak. I don’t even consume apples that have been cut like 10 minutes ago.  I throw them away or give it to others.  I should have done this to my sour stocks as well. But I didn’t. Instead, I held them too long, hoping to sell it at least at the price I had bought them.  I sold good stocks, made a profit and felt happy. I held dear my bad apples. My portfolio was full of bad apples and in red. I sold them off sadly at throwaway prices. But there are still a few bad ones which I cannot even sell. I learnt my lesson, “Throw away bad apples (stocks) when I see one and cut down on my loss”.  Oh, by the way, holding on to the losers hoping to se

Photo by  Alistair MacRobert  on  Unsplash Miller, a Harvard Professor, in the 1950s conducted experiments to know maximum items or things a normal person can remember. It turns out an average person can remember 7 items. Miller called it “ Magical Number Seven ”. Come to think of it, humans have utilized number 7 to the fullest. There are 7 wonders in the world. There are 7 colours in the rainbow, or at least only 7 colours are visible to us, humans. Then there is Steven Covey’s bestselling book “7 Habits of Highly Effective People”. A google search on basically any self-help topic redirects us to a blog or website that more often than not has “Here are 7 ways or steps to achieve whatever you want” listed somewhere in the page. And then we have M.S Dhoni whose jersey number is, well, you guessed, 7. Totally unrelated fact, but ok. And surely there are more than 7 ways to help me remember grocery items but none came to my rescue when I needed them the most. You see, I had listed item