Same as Ever by Morgan Housel

2024-05-24 3 min read Sincheenz

Like in his other book, “The Psychology of Money,” Morgan Housel has once again managed to both educate and entertain. This book contains 23 “short” stories that will leave you in deep thought for a “long” time. Morgan Housel has presented his thoughts concisely and eloquently. He shows how things have always been the same over decades and reading more history will make you more relaxed about the future. Be it financial crisis or pandemics or wars or climate catastrophes we as humankind have always managed to bounce back and move on. Continue reading

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Scarcity by Sendhil Mullainathan

2022-05-12 1 min read Sincheenz

I purchased this book after listening to the the author’s interview on “PIMA” podcast The primary focus of the book is how scarcity, whether it’s in terms of money, time, social contact, or other resources, influences our behavior. What we sometimes perceive as incompetence, laziness, indifference, or any other negative traits used to describe someone’s behavior could be a consequence of their limited bandwidth due to scarcity. Another way of looking at people and situations. Continue reading

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Fooled by Randomness by Nassim Taleb

2022-05-01 1 min read Sincheenz

This book is another version of his bestseller “The Black Swan”, only more fatalistic. The main idea he wants to convey is that we underestimate the impact of randomness in life and attribute success or failure to skill, when it’s luck that has often played a significant role. He keeps emphasizing that skill reveals itself only over time, while luck dominates short-term results. It is true that every positive-thinking book you read or motivational speech you hear focuses too much on successful outcomes while ignoring unseen failures. Continue reading

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Nudge by Richard H Thaler & Cass R Sunstein

2022-02-12 2 min read Sincheenz

The book starts off with a condescending tone, emphasizing that society consists of Humans or Econs, and it is written to help the former—the Humans. The author takes it a step further by calling Humans as the “Homers” of society, portraying them as lacking basic common sense and the ability to reason. This provocative tone may be intentional, and if you can get past it and continue reading, the book does offer a few valuable takeaways. Continue reading

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Thinking Fast and Slow by Daniel Kahneman

2020-12-01 3 min read Sincheenz

A very good book, packed with so many interesting facts and studies. Thinking, Fast and Slow has been my introduction to behavioral psychology, and it was a fascinating read. However, it’s a complex book, and I took a long time to finish it. The studies and examples cited really get you thinking. Here are a few takeaways: The books explains that we have 2 systems of thinking. System 1 is (fast, intuitive) and System 2 (slow, deliberate). Continue reading