Real Estate Psychology

I am currently in India enjoying my vacation. Couple of weeks back I met my friend who lives in Keelkattalai, Chennai. Near his place there was a new apartment complex that was being constructed. When asked about the price I was told that it costs Rs 6,200 per sqft. At this price if you want…

Books recommended by Prof. Sanjay Bakshi

Jeff Bezos admires David Shaw and he once told that David is one of the few people I know who has a fully developed left brain and a fully developed right brain. If Bezos had met Prof. Sanjay Bakshi he would have told the same thing. I was extremely lucky to meet the professor yesterday.…

Learning From Darwin

Every time I read Seeking Wisdom I learn something new. This time I came across the paragraph given below which refers to the autobiography of Charles Darwin. From this paragraph we can learn a lot about Darwin’s thinking habits. There are five things that I learned which I marked it as [1]…[5]. I think that…

Unconventional Wisdom

Imagine you are soccer player about to make a single penalty kick. The odds are in your favor as roughly 75 percent of penalty kicks ends up into the goal post. The ball travels at 80 miles per hour after it leaves your boot. At that speed the goal keeper need to guess the direction…

Tales from the Genome – 1

Human beings are complex multicellular organisms where as Amoeba is a single celled organism. Do you know who has more genetic material in them? The answer is surprising; Amoeba has 670 billion units of DNA compared to 3 billion units in humans. What do we learn from this? It is not the quantity but the sequence (order)…

Narrative Fallacy

Our brain consists of two hemispheres; left and right. The two halves communicate with each other through a connecting fabric called as corpus callosum. For patients suffering from a form of epilepsy, corpus callosum needs to be severed to reduce the effects of epilepsy. The patients will lead a normal life after the surgery. But after removing this connecting…

Walmart

Walmart was founded by Sam Walton in 1962. When I think of Walton two things comes to my mind (1) He invented practically nothing. But he copied everything anybody else ever did that was smart. He is a terrific cloner (2) He understood human psychology very well. He never let his purchasing agent take a handkerchief from a salesman. He…