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Rated: 13+ · Book · Experience · #2171316
As the first blog entry got exhausted. My second book
Evolution of Love Part 2
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April 21, 2024 at 5:50pm
April 21, 2024 at 5:50pm
*The love triangle and murder of passion that rocked Bombay of the sixties!*

It was one of the most sensational murder cases in the history of independent India. A senior serving Commander of the Indian Navy shot his friend dead for having an extramarital affair with his exquisitely beautiful wife *Sylvia!*

The Commander was KM Nanavati, born as *‘Kawas Manekshaw Nanavati’* in the year 1925.

The handsome and dashing Commander had settled with his British wife Sylvia and three children in Bombay. He often used to be away from home on duty to the nation for long periods. Lonely Sylvia, fell in love with *Prem Bhagwandas Ahuja,* a prominent Sindhi socialite playboy and friend of Kawas Nanavati.

Kawas Nanavati returned home on 18 April 1959, only to find that Sylvia was distant and anxious. On investigating, the brutal truth came out. Sylvia was having an affair with Prem Ahuja, his friend. Kawas was shattered and furious. He asked Sylvia whether she would like to marry Prem. She remained silent all through. Some reports claim that she asked Kawas for a divorce so that she could marry Prem but herself doubted whether Prem would marry her or not. This led Kawas to take the matter into his own hands.

On the fateful day, *27 Apr 1959,* Kawas drove Sylvia and his children to the matinee show of the movie 'Tom Thumb' at the Metro theatre in Bombay. Then he went to the Naval Base in Bombay and picked up his .38 bore Webley Scott service revolver and drove to Prem’s apartment.

Kawas asked Prem whether he would take responsibility for his affair with Sylvia and marry her. Prem mocked him saying that if he married every woman he slept with, he would be a polygamist

Kawas was outraged. He shut the door of Prem's flat and shot him thrice on his chest killing him then and there.

After the act, he went to the deputy commissioner of the police, DCP John Lobo and surrendered himself.

Prem Ahuja’s sister, Mamie Ahuja, filed a case against Kawas for murdering his brother. There were several trials, after which the jury verdict came in favour of Kawas declaring him *‘Not Guilty’ by 8:1 votes.*

The sessions judge, Ratilal Bhaichand Mehta, considered the acquittal as perverse and referred the case to the Bombay High Court who found Kawas guilty of homicide amounting to murder and sentenced him to life imprisonment.

The Supreme Court upheld the decision on 11 November 1961. *Most importantly, the jury system for trials was subsequently abolished in India.*

Commander Nanavati was pardoned after 3 years by the then Governor of Maharashtra, Vijay Lakshmi Pandit on account of ethnic-political considerations. Kawas immediately migrated to Canada with his family.

The case had then caused a vertical split between the two most influential communities of Bombay... The *Parsis and Sindhis*. During the proceedings of the court there used to be demonstrations by thousands on Bombay roads. The case was so much in the public minds that replica revolvers of Nanavati were sold on Bombay streets as memorabilia.

A tabloid, *‘Blitz’* headed by Russi Karanjia covered the whole case. It played a major role in giving a sympathetic turn to the story, portraying Kawas as a ‘wronged husband’ and Prem as a ‘Playboy.’ At that time the price of Blitz shot up to Rs 2, from its normal rate of 25 paise.

*It was also the first case of Ram Jethmalani who obviously represented the Sindhi side.*

Kawas Nanavati died on 24 July 2003 in Toronto, Ontario, Canada. Sylvia is now 90 and presently living a secluded life in Canada with her grandchildren.

The sensational Nanavati case inspired many movies. The first being *'Yeh raaste hain pyar ke'* starring Sunil Dutt and Leela Naidu and the latest being the 2016 film *Rustom.*

Akshay Kumar plays the eponymous character of Commander Rustom Pavri and Illeana D'Cruz plays the role of Sylvia in this thinly disguised replay of the case.

The story introduces a conspiracy angle, which is pure fiction. Towards the end, Commander Pavri and his wife walk out of the court with their heads held high after Rustom is declared ‘not guilty.’

Rustom’s plot was far removed from the reality of the real Nanavati case, however the film was a box-office hit and was a huge success in India and overseas.

The song from Rustom below, *'Tere sang yaara',* sung by Atif Aslam depicts the life of Commander Nanavati, beginning from his Naval training days at Portsmouth in England, and his true love for his beloved wife despite her being unfaithful.

*That's how fascinating the murky past is!*

April 16, 2024 at 12:54pm
April 16, 2024 at 12:54pm

Since the breakfast time is only till 10.30, the hotel staff told that whoever wants to have whatever, should have it till 10.30. After this the buffet will be closed.

What and how much can any person eat for breakfast? But because the order to ban breakfast had come, I saw that people quickly got up from their chairs and someone was bringing a full plate of fruits, someone was ordering four omelettes. Someone brought idli and dosa, while another man brought two-three glasses of juice. Someone brought a plate full of toast along with honey, butter and mustard sauce.

I sat quietly at my place and kept watching all this.

One or two mothers were stuffing food into the mouths of their children. She was saying eat immediately, now this restaurant will be closed.

Breakfast is usually free for those who stay at hotels. Meaning, morning breakfast is included in the hotel fare. I have seen many people many times that they try to reach breakfast late in the morning and eat a little more so that they can handle the work of lunch. Many people also eat more because they think that it is free, so there is no harm in taking more.

Many people know that they cannot eat that much, but they stock up just so that they do not fall short.

Actually every person knows his own dosage. He knows he can only eat so much. But he gets trapped in greed and collects more than required.

I kept watching everything silently from my chair.

It was half past ten. The restaurant was closed. People were sitting. He had collected a lot of things on the table.

But now they were not able to eat. How can anyone drink two-three glasses of juice? Top with four omelettes. Lots of toast. Many children were fighting with their mother that they should not eat anymore. Mothers were also tired of eating and feeding.

And finally, one by one everyone left the breakfast on the table and slowly went out. Meaning, all that juice, fruits, eggs, bread all went waste.

🌟 *This is life.* 🌟

We are all busy gathering more than our appetite. We all know that we will not be able to use it. We know that even our children will not be able to enjoy this. But we gather more than enough on our respective tables.

When we gather, we are not so ignorant that we do not know that we will not be able to eat them all. We know that we will leave these and walk out of the restaurant shyly, leaving everything on the table.

Save only as much as you really need.

*This world is a restaurant.*

*No one can sit in this restaurant forever.*

*No one can eat in this restaurant continuously.*

*There is a limit for everyone's food.* *The duration of everyone's stay in the restaurant is also fixed.*

Take only that much which you enjoy. Collect only as much as can meet your needs. ,

*Everything else is left here. Be it breakfast or anything else*...

Many of us see many people leaving the restaurants of the world, leaving a lot of things on the table. But still we don't understand how much we need.

*We know that we will also leave everything, but in the pursuit of accumulating, we also stop tasting what is there*.


April 14, 2024 at 3:40am
April 14, 2024 at 3:40am
The night before Vishu- the Keralite New Year , the patriarch & matriarch after all have gone to bed, decorate the Pooja room- to set the the ‘kani in Malayalam, . Sri Krishna occupies pride of place among all deities for Vishu as the story a below is about celebrating the rewards of our faith in him. Bowls of gold/ silver coins, loose change, currency bundles and sets of the dresses to be gifted to each member rice grain, lentils, fruit & vegetables. All the good things for life. A mirror is also placed.
Kanikonna Flower, or Vishu Kani Konna, is the yellow flower that is used for Kani during the and it symbolically shows the power of devotion. Before daybreak they wake up the members of the family to usher them to the puja room with their eyes closed. They are assisted to sit told to open their eyes to witness in that enclosure/ Vishu kani- their face in the mirror- in the light of the traditional lamp -with all the good things of life for an auspicious start to the New Year.
A small boy used to frequent the Krishna temple in his village. He only had one wish that Krishna appear as the Balagopala. Moved by his devotion, Krishna fulfilled his wish to ask him what he wanted.” Nothing.” But, Krishna gifted him his golden waist band . The ecstatic boy wasted no time to show off to his friends as Krishna’s gift. When the priest opened the temple later he found the waistband missing. The boy’s mother beat him up on the village accusing her son of theft. Furious she flung the waistband that got stuck on a tree branch. The tree that had never flowered till date bloomed with golden flowers. Golden Shower Tree or Indian laburnum Cassia. It is the state flower of Kerala State in India. It is the national flower of Thailand.
It never ceases to amaze me whether in Ahmedabad, Madras, Delhi or anywhere for that matter I have noticed these trees bare all around the year but come March show signs of the konnu pookal blooming
Wishing you all greetings for Puthandu, Bihu, Baisakhi and Vishu.
April 13, 2024 at 5:31am
April 13, 2024 at 5:31am

1. When you meet young people - INSPIRE THEM.

2. When you meet children - EDUCATE THEM.

3. When you meet old people - HELP THEM.

4. When you meet wise people - STUDY THEM.

5. When you meet leaders - HONOUR THEM.

6. When you meet foolish people - AVOID THEM.

7. When you meet humble people - TREASURE THEM.

8. When you meet arrogant people - IGNORE THEM.

9. When you meet gracious people - EMULATE THEM.

10. When you meet aspirational people - ELEVATE THEM.

11. When you meet strong people - SUPPORT THEM.

12. When you meet godly people - BLESS THEM.

13. When you meet elderly people - RESPECT THEM.

14. When you meet weak people - STRENGTHEN THEM.

15. When you meet hardworking people - ENCOURAGE THEM.

16. When you meet kind people - ESTEEM THEM.

17. When you meet Honest people -

18. When you meet virtuous people - REWARD THEM.

19. When you meety evil people - EVADE THEM.

20. And in all situation “ Watch, Pray and wish everyone well.

1. Dr. Ben Carson said, "I struggled academically throughout elementary school yet became the best neurosurgeon in the world in 1987."


Struggling is a sign that you are on a verge of success. Don't quit yet.

2. Bill Gates said, "I didn't even complete my university education but became the world's richest man."


School does not make you rich. School is only supposed to polish what will make you rich, not make you rich.

3. Christiano Ronaldo said, "I told my father that we would be very rich but he couldn't believe me. I made it a reality."


Your words rule your life. If you mean what you have said, each word will come to pass. You get what you say.

4. Hear Lionel Messi!

"I used to serve tea at a shop to support my football training and still became one of the world's best footballers."


Believe in your dream. Don't let your pain tell you how your future will look like.

5. Steve Jobs penned, "I used to sleep on the floor in my friends' rooms, returning coke bottles for food, money, and getting weekly free meals at a local temple, I later on founded Apple Company."


That you are small today doesn't mean you will be small tomorrow. Keep trusting God.

6. Former British PM, Tony Blair said & I quote, "My teachers used to call me a failure, but I became a Prime Minister."


Don't let someone else's opinions of you become your reality.

7. Bishop David Oyedepo said, "I started Living Faith Church from a lawn tennis court with three members only & preached prosperity. Many of my friends criticised me, but today we have the largest church auditorium in the world & two world-class universities."

*LESSON:* Believe in yourself even if no one does & never think of quitting.

8. *Nelson Mandela said,* "I was in prison for 27 years & still became president."

*LESSON:* You can be anything you want to be no matter where you have been or what you have been through.

*9.REECE* "I drove a taxi to finance my university education but today I'm a billionaire."

*LESSON:* Don't let your past decide the kind of future you need to have.

10. *Harland Sanders, Founder of KFC said,* "I was on the verge of suicide when an Idea of opening a restaurant hit me after I retired as a cook in the Navy."

*LESSON:* Nothing is ever too late. "Too late" is a language of failures. Your future can begin at any age. Don't ever let AGE limit you.

11. *Aliko Dangote said,* "I worked for my uncle since I was a small boy, people looked down on me. I later on took a loan from my uncle to open a tiny shop. I worked hard to make ends meet. Now I am the richest Man in Africa.

*LESSON:* Failures or limitations of the past have no control over the greatness in you. To him that believes, all things are possible.

12. *Barack Hussein Obama said,* I am a son of a black immigrant from Kenya, I graduated from Harvard and later on became a Senator in Chicago. I was also the President of the most powerful nation on Earth.

*LESSON:* Never design your life like a garden where anyone can walk in and out. Design it like the sky where everyone aspires to reach!

13. *Arnold Swarzzenegger said,* I traveled to America in search of financial independence when I was 15yrs old. I became the world's strongest man 7 times and Mr Universe. I then got my Economics degree, then I became one of Hollywood's best actors before I was voted twice as governor of California."

*LESSON:* Don't wait for everybody to believe in your ability and dreams.

Beloved endeavour to be good to people you meet everyday,,fear God and live peacefully with all men knowing full well that if we don't meet to part, we will part to meet one day.

April 11, 2024 at 1:20pm
April 11, 2024 at 1:20pm
They used to use urine to tan animal skins, so families used to all pee in a pot & then once a day it was taken & sold to the tannery. If you had to do this to survive you were “piss poor.”
But worse than that were the really poor folk who couldn’t even afford to buy a pot; they “didn’t have a pot to piss in” & were the lowest of the low.

The next time you are washing your hands & complain because the water temperature isn’t just how you like it, think about how things used to be. Here are some facts about the 1500s.

Most people got married in June because they took their yearly bath in May, and they still smelled pretty good by June. Since they were starting to smell, however, brides carried a bouquet of flowers to hide the body odor. Hence the custom today of carrying a bouquet when getting married.

Baths consisted of a big tub filled with hot water. The man of the house had the privilege of the nice clean water, then all the other sons and men, then the women, and finally the children. Last of all the babies. By then the water was so dirty you could actually lose someone in it … hence the saying, “Don’t throw the baby out with the Bath water!”

Houses had thatched roofs-thick straw-piled high, with no wood underneath. It was the only place for animals to get warm, so all the cats and other small animals (mice, bugs) lived in the roof. When it rained it became slippery and sometimes the animals would slip and fall off the roof, resulting in the idiom, “It’s raining cats and dogs.”

There was nothing to stop things from falling into the house. This posed a real problem in the bedroom where bugs and other droppings could mess up your nice clean bed, therefore, a bed with big posts and a sheet hung over the top afforded some protection. That’s how canopy beds came into existence.

The floor was dirt. Only the wealthy had something other than dirt, leading folks to coin the phrase “dirt poor.”

The wealthy had slate floors that would get slippery in the winter when wet, so they spread thresh (straw) on floor to help keep their footing. As the winter wore on, they added more thresh until, when you opened the door, it would all start slipping outside. A piece of wood was placed in the entrance-way, subsequently creating a “thresh hold.”

In those old days, they cooked in the kitchen with a big kettle that always hung over the fire.. Every day they lit the fire and added things to the pot. They ate mostly vegetables and did not get much meat. They would eat the stew for dinner, leaving leftovers in the pot to get cold overnight and then start over the next day. Sometimes stew had food in it that had been there for quite a while, and thus the rhyme, “Peas porridge hot, peas porridge cold, peas porridge in the pot nine days old.”

Sometimes they could obtain pork, which made them feel quite special. When visitors came over, they would hang up their bacon to show off. It was a sign of wealth that a man could, “bring home the bacon.” They would cut off a little to share with guests and would all sit around and “chew the fat.”

Those with money had plates made of pewter. Food with high acid content caused some of the lead to leach onto the food, causing lead poisoning death. This happened most often with tomatoes, so for the next 400 years or so, tomatoes were considered poisonous.

Bread was divided according to status. Workers got the burnt bottom of the loaf, the family got the middle, and guests got the top, or the “upper crust.”

Lead cups were used to drink ale or whisky. The combination would sometimes knock the imbibers out for a couple of days. Someone walking along the road would take them for dead and prepare them for burial.. They were laid out on the kitchen table for a couple of days and the family would gather around and eat and drink and wait and see if they would wake up, creating the custom of holding a wake.

England is old and small and the local folks started running out of places to bury people. So they would dig up coffins and would take the bones to a bone-house, and reuse the grave. When reopening these coffins, 1 out of 25 coffins were found to have scratch marks on the inside and they realized they had been burying people alive, so they would tie a string on the wrist of the corpse, lead it through the coffin and up through the ground and tie it to a bell. Someone would have to sit out in the graveyard all night (the graveyard shift.) to listen for the bell; thus, someone could be, saved by the bell or was considered a dead ringer.

And that’s the truth.
(Copied from the net. Also told by a relative who along with other English teachers and writers were sent to London for a training trip by British Council)
April 10, 2024 at 2:41pm
April 10, 2024 at 2:41pm
Usain Bolt the Jamaican former sprinter is considered the greatest sprinter of all time.
He won 9 gold medals in 3 olympics and had run less than 2 minutes on the track. He made $119 million in the 3 olympics. That is more than $1million for each second he ran. For those 2 minutes he ran, he had trained for years.

Success is indeed a process and it eludes most people because many are too preoccupied with the events while disregarding the process. Many don't care about what they are becoming in the process as long as they get the money hence end up doing the wrong things. Enjoy the process and focus on the step right in front of you and not the whole staircase.

Many have asked me how I came to this level. Well being disciplined and consistent are some of the things that have helped me. You have to do what you need to do even when you don't feel like doing it. Imagine if Usain Bolt only trained on days when he felt like training, we probably wouldn't have known him.

Jim John said "Success is a few simple disciplines practiced daily". Darren Hardy in his book "The Compound Effect" talks about how the small seemingly insignificant habits compound to either build us or break us. Those small things you do may look insignificant today, you may not seem like you are progressing but trust me they are compounding and one day they will pay off. Like I always say "Progress is progress even when it is only visible to you alone so don't be ashamed to take that small step
An African proverb says "If you want to move mountains tomorrow, you must start by removing stones today." Yes Rome was not built in a day, but everyday, a brick was laid. Keep laying those bricks.

Its saddening how people try to avoid the process and rush for quick success not knowing that the process is actually more important than the actual results. Pit Bull said "We are here for a marathon not a sprint. It's short steps, long vision". When you focus on the process or the steps, you will be amazed at how far you would have moved when you look back. As long as you are patient and persistent, it will be hard for success to elude you. Lack of patience is the worst enemy of ambition.

One good thing about starting and focusing on the process is that it opens up many other opportunities. Like Lao Tzu said "When the student is ready, the teacher appears." Many of us have missed Opportunities that would have changed our lives because we think the process is long and hence have ended up being scammed by the get rich schemes. Understand that everything great needs to be built and that free cheese is only found in a mouse trap.

Stop waiting for someone to walk for through the process of success for you while you just get the reward. There is no wisdom or personal growth gained in a journey that someone does for you. The journey is yours so start that process.Napoleon Hill said "Success is good at any age but the earlier you have it, the longer you will enjoy it".

April 9, 2024 at 11:05am
April 9, 2024 at 11:05am

A man who had gone out of town returned and was shocked to find that his house was on fire.

It was one of the most beautiful houses in town, and the man loved his house with all his heart. Many people had offered to buy it and had even been willing to pay twice the price for the house, but he had never agreed to sell it for any price. Now it was burning before his eyes and was worthless.

Hundreds of people had gathered, but nothing could be done. The fire had spread so far that even if put out, nothing would be saved. The man was overcome with sadness.

Just then his son came running and whispered something in his ear, "Don't be worried father. I sold our house yesterday and at a very good price ― three times. The offer was so good I could not wait for you. Please forgive me."

The man said, "Thank God, it is not ours now!" Then he suddenly relaxed and became a silent witness, just like the hundreds of others present.

Just a moment ago he was not a witness, he was attached. It was the same house... the same fire.... everything was the same... but now he was no longer concerned.

Just then his second son came there, and he said to his father, "What are you doing? You seem relaxed ― our house is on fire!" The man said, "Don't you know, your brother has sold it." His son responded, "But we have taken only a small advance amount, not settled fully yet. I doubt now that the man is going to purchase it now."

Tears which had disappeared, reappeared in the man's eyes, his smile vanished, his heart began beating faster. The witness had disappeared. He was attached once again.

Then his third son came, and he said, "Father, we are fortunate for that man is a man of his word. I have just come from him. He said, 'It doesn't matter whether the house is burnt or not, it is mine. And I am going to pay the price that I have settled for. Neither you, nor I knew that the house would catch fire. So I will honor my commitment.'"

Again the joy came back and family returned to being quiet witnesses of the experience! The attachment to the house wasn't there any more.

Outwardly nothing had changed. The house had been burning all along. Just the thought "I am the owner! I am not the owner of the house!" kept changing and had made the whole difference.

This story of the burning house illustrates that stress and suffering are never caused by the events of our life alone, they are caused by our thoughts and perceptions about the events of our life. What the thinker thinks, the prover proves.

Many times each day ask the powerful question "Who would I be without all my stories?" This enables us to find peace and balance in the midst of our life. It allows us to remain witnesses and to respond with clarity and without strong emotional charge in the diverse situations of our life.

May you silently witness all changes. May life witness itself, without barriers.(Shared)
April 5, 2024 at 4:12pm
April 5, 2024 at 4:12pm

Once a man got lost in a desert. The water in his flask had run out two days ago, and he was on his last legs. He knew that if he didn't get some water soon, he would surely die. The man saw a small hut ahead of him. He thought it would be a mirage or maybe a hallucination, but having no other option, he moved toward it. As he got closer, he realized it was quite real. So he dragged his tired body to the door with the last of his strength.

The hut was not occupied and seemed like it had been abandoned for quite some time. The man entered into it, hoping against hope that he might find water inside.

His heart skipped a beat when he saw what was in the hut - a water hand pump...... It had a pipe going down through the floor, perhaps tapping a source of water deep under-ground.

He began working the hand pump, but no water came out. He kept at it and still nothing happened. Finally he gave up from exhaustion and frustration. He threw up his hands in despair. It looked as if he was going to die after all.

Then the man noticed a bottle in one corner of the hut. It was filled with water and corked up to prevent evaporation.

He uncorked the bottle and was about to gulp down the sweet life-giving water, when he noticed a piece of paper attached to it. Handwriting on the paper read : "Use this water to start the pump. Don't forget to fill the bottle when you're done."

He had a dilemma. He could follow the instruction and pour the water into the pump, or he could ignore it and just drink the water.

What to do? If he let the water go into the pump, what assurance did he have that it would work? What if the pump malfunctioned? What if the pipe had a leak? What if the underground reservoir had long dried up?

But then... maybe the instruction was correct. Should he risk it? If it turned out to be false, he would be throwing away the last water he would ever see.

Hands trembling, he poured the water into the pump. Then he closed his eyes, said a prayer, and started working the pump.

He heard a gurgling sound, and then water came gushing out, more than he could possibly use. He luxuriated in the cool and refreshing stream. He was going to live!

After drinking his fill and feeling much better, he looked around the hut. He found a pencil and a map of the region. The map showed that he was still far away from civilization, but at least now he knew where he was and which direction to go.

He filled his flask for the journey ahead. He also filled the bottle and put the cork back in. Before leaving the hut, he added his own writing below the instruction: "Believe me, it works!"

This story is all about life. It teaches us that We must GIVE before We can RECEIVE Abundantly.

More importantly, it also teaches that FAITH plays an important role in GIVING.

The man did not know if his action would be rewarded, but he proceeded regardless.

Without knowing what to expect, he made a Leap of Faith.

Water in this story represents the Good things in Life

Give life some Water to Work with, and it will RETURN far more than you put in........!!!
April 4, 2024 at 3:23pm
April 4, 2024 at 3:23pm

How did the widow of the creator of the Singer sewing machines give her face to the Statue of Liberty?

Isabella Boyer's life is like a thrilling novel. She was born in Paris, in the family of an African pastry chef father and an English mother.

At 20, she married sewing machine maker Isaac Singer, 50, and after his death became the richest woman in the country. After becoming a widow, Isabella began traveling the world, seeking new knowledge and exciting challenges, far too young to be buried under mourning clothes.

She remarried Dutch violinist Victor Robstett, a world celebrity and an earl, so Isabella now became a countess. Soon, she was the star of high society in America and Europe, and was invited to world events. At one of them, she met the famous French sculptor Frederick Bartoldi. At the time, Bartoldi was strongly impressed by his trip to the United States, by the size of the country, by its natural resources, by the population there, and had already accepted a proposal to create a statue symbolizing the independence of the United States.

The sculpture was supposed to be a gift from France in honor of the 100th anniversary of the country's independence. Thus, the idea of a giant statue depicting a woman holding a torch in one hand was born.

Bartoldi was so impressed by Isabella's face that he decided to use it as a model for his sculpture. Therefore, on Bedlow Island in the Gulf of New York, the Statue of Liberty was erected with the figure of an ancient goddess, but with the face of Isabella Boyer.

Isabella married, for the third time, at the age of 50, Paul Sohege, a famous collector of art.

She died in Paris in 1904 at age 62. She is buried in Passy Cemetery.

But the statue with her face continues to rise over Bedlow Island, symbolizing America's first pride, freedom.

Courtesy: Jumana Dee
March 30, 2024 at 4:18am
March 30, 2024 at 4:18am
Daniel Kahneman passed away recently. He was a Nobel prize winner for economics.

He changed the world of behavioral finance

Here are 10 human behavioral patterns he highlighted in his book Thinking Fast and Slow.

1️⃣ Our brain uses two systems: System 1 and System 2

System 1 is fast, intuitive and automatic. It is prone to biases and errors such as overconfidence.

System 2 is slow, analytical, and deliberate. It is necessary for complex tasks requiring focused attention.

2️⃣ Irrationality

Humans are not rational. We all make a lot of irrational mistakes.

90% of Americans think they can drive better than average and 70% think they are smarter than average.

3️⃣ Prospect theory

The prospect theory suggests that people feel losses twice as hard as gains.

Many people don't want to play a Heads or Tails game where they can win $100 but risk losing $50.

You should take this bet every single day.

4️⃣ The Halo Effect

The halo effect is a cognitive bias where your overall impression of a person influences your perception of their individual traits or qualities.

If you like someone, you'll overestimate their capabilities and vice versa.

5️⃣ Availability heuristic

The availability heuristic is a cognitive bias where you judge the likelihood of an event based on how easily it comes to mind.

A good example is 9/11 which made people afraid of flying.

6️⃣ Sunk cost fallacy

The sunk cost fallacy appears when you keep investing in something even if it's not worth it, simply because you've already invested resources in it.

Think about choosing to finish a boring movie because you already paid for the ticket.

7️⃣ Confirmation bias

People tend to seek out information that confirms their existing beliefs and ignore information that contradicts it.

As an investor, always talk with people who have opposing views. It will be very insightful.

8️⃣ Hindsight bias

The tendency, after an event has occurred, to believe that one would have predicted or expected the outcome.

A good example is that after attending a baseball game, you might insist that you knew that the winning team was going to win beforehand.

9️⃣ Framing effect

When the way information is presented influences your decisions and perceptions, we call it a framing effect.

For example: studies have shown that 75% lean meat is usually preferred over 25% fat meat, even though it's the same thing.

🔟 Anchoring effect

The anchoring effect is a bias where you rely too heavily on the first piece of information you receive when making a decision.

If you first see a car that costs $100k and then see a second one that costs $70k, you tend to see the second car as cheap.

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