Keep INVESTING Simple and Safe (KISS)
****Investment Philosophy, Strategy and various Valuation Methods****
The same forces that bring risk into investing in the stock market also make possible the large gains many investors enjoy. It’s true that the fluctuations in the market make for losses as well as gains but if you have a proven strategy and stick with it over the long term you will be a winner!****Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.
How individuals motivate themselves and how happiness works is a huge question for researchers. Often, their focus is on people's internal mindset.
A recent NBER working paper from John Helliwell of the University Of British Columbia argues that focusing on the individual is wrong, and that the real source of happiness, ingrained by years of social evolution, is our interaction with other people.
Income matters less than the chance to connect with others, thereby improving our own lives and especially the lives of others. There is even evolutionary evidence that bulging human brains, and especially their prefrontal cortexes, have been crucial in allowing humans to be the most social beings, living better lives through co-operation.
Within workplaces, the importance of the social context dwarfs the impact of salary and bonuses. To work where trust in management is one point higher, on a 10-point scale, has the same relation to life satisfaction as a one-third higher income.
Essentially, money matters, but we're evolutionarily conditioned to be happiest when we feel like we're part of a community, are in a positive social context, and take actions that we feel benefit other people. That significantly surpasses how much we care about money, despite the amount society focuses on it.
It's a powerful effect, to the point where people that perform positive actions get more out of them than the people they're helping.