If you want to know about the properties of elements then you should read the periodic table. If you want to know about the solvency of a company then you should look at its balance sheet. What if we want to learn about our own irrationality? Without any doubt I would read Munger’s psychology of human misjudgment. I came…
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…
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…
Human beings are the ultimate product of evolution. It has produced great minds like Issac Newton, Albert Einstein, and Thomas Edison. Gravity was discovered by Newton. This discovery explained why earth revolves around the sun and moon revolves around the earth. It was the same Newton who lost his money in south sea bubble. He wrote – I can…
My sun sign is Scorpio. One of the astrology website gave me the following prediction. I wanted to find out if this prediction has any truth in it. I did a simple thought experiment. The world has 7.2 billion people and there are 12 sun signs. Let us assume that the sun signs are evenly distributed…
Two patients A and B underwent a painful colonoscopy procedure. Every 60 seconds the patients indicated the level of pain they experienced at that moment. The scale of pain is from 0 (no pain) to 10 (intolerable pain). The pain intensity is plotted in the y axis and the duration of the procedure is plotted in…
Recently I read an excellent article from Prof. Sanjay Bakshi that appeared in Outlook Business. In this article he writes about the reasons for paying up for quality business like Nestle India. From 1981 to till date this stock returned 32% per annum. At this rate of compounding Rs 1,000 invested in this stock would have…
