SG Wealth Builder

To make money. To build wealth. To preserve wealth.

Self improvement

Loss aversion

Stock Market

For many wealth builders, winning $1000 in the stock market is very different from losing $1000 in share investments. In fact, many research studies have demonstrated that the impact arising from losses is twice as powerful as gains. This strange phenomenon is known as loss aversion. Coined by Amos Tversky and Daniel Kahneman, loss aversion […]

Gambling

silver

Recently, I watched a video clip in YouTube featuring one of Singapore best known local celebrities, Lee Nanxing, who related his journey of conversion to Christianity after struggling with gambling problem. He recounted that when he reached his career pinnacle in the nineties, he unwittingly offended the Mediacorp top management and was being “frozen” by […]

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