Issue 1 Explore JFM 2017
What ’ s HoT ?
I . Explore
Head or Tail
If you have been to a buffet , you have experienced modern day privileges and predicament in that one meal .
For , you have seen the extensive choice on offer and gone through the entire decision making process in a time lapse – identifying opportunity , gathering information , generating alternatives , comparing and evaluating and making a choice .
In all likelihood , you experienced some of these emotions ; being overwhelmed by the alternatives , confusion , temptation of taking more than you need , guilt of making a wrong choice , regret in
retrospect for choosing one over the others .
We live in an age where such buffets are served to us for every item , from breakfast cereals and jams , travel packages and investment plans to birthing techniques and funeral
products .
picture for representation purpose only
‘ You can have any colour you want , so long as it ’ s black .’ Said Henry Ford in 1909 . More than a century later , things have changed . And how ?
Whether it is shopping for groceries in a supermarket or choosing courses online , buying gifts or insurance , there is a huge spread to choose from , in every category imaginable .
We have a choice . So what ?
Choice , that is not severely limited or artificially restricted , improves quality of life . It is essential for autonomy and wellbeing . But beyond a point , ‘ more choice ’ may not always mean more autonomy or better life .
A credit card may be a convenient tool to make payments . But More credit cards do not mean more money . Nor do they translate into more convenience .
Diversification is a great investment strategy . But investing in a lot of different instruments available - too much diversification - is not smart investment .
5