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                                                                                                                           Asean Affairs September 12, 2013  

Three Questions before you Make a New Investment

One of the age-old pitfalls of investing is, of course, over-confidence. Financial planner Carl Richards puts it well in his book The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money. He suggests that overconfidence is not monopolised by Nobel Prize winners and Federal Reserve chairmen; but research shows that all of us are prone.
A team of researchers at the Goethe University in Frankfurt concurred in their report last year entitled Do Individual Investors Learn from their Mistakes? They discovered that although investors make wiser decisions with experience, provided they have learned from the previous mistakes they had previously made because of overconfidence.
Richards’ book is on the same lines, “We can recognize that we're not as smart as we think we are. In fact, the smartest investors are the ones who acknowledge that they aren't smart enough to forecast events or pick the best stock or avoid every scam.”

With this in mind, the author makes his clients ask themselves three questions before making a big investment decision:

If I make this change and I am right, what impact will it have on my life?
What impact will it have if I'm wrong?
Have I been wrong before?

If you ask yourself these questions – and answer them truthfully – it’s possible that you'll avoid the trap of overconfidence.

This approach ties in with MBMG’s philosophy, which is driven by the asymmetry of risk versus reward.

Please Note:  While every effort has been made to ensure that the information contained herein is correct, views and opinions expressed herein may change with market conditions and should not be used in isolation.

MBMG Group
75/56 Ocean Tower2, 26th Fl., Soi Sukhumvit 19(Wattana),
Klongtoey Nua, Wattana
Bangkok, Bangkok 10110

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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