Some of the greatest things, the greatest discoveries, have come about by serendipity. Let’s explore its magic here.
I recently wrote about the mental model of Inversion in Safal Niveshak’s Latticework series. ‘Inversion’ suggests that sometimes you stumble upon very useful insights by inverting the problem.
Now, what use is a mental model if you can’t implement it? So let’s use it, for the sake of personal amusement, to investigate one of the most popular problems in the world.
Yes I am talking about the conundrum of – “How to get rich.” The inherent assumption here is that everyone wants to be rich and they are just looking for the “how” part. Keeping that in mind, one of the ways to invert this question is to ask – “Is getting rich worth it?”
Before you decide to skip this article thinking that it’s another one of those “money can’t buy happiness” rant, just stick with me for few more lines and I promise that you won’t regret.
I consider this as an opportunity to wear my curiosity cap and look at the real and practical problems faced by super rich. Now given the fact that the author, yours truly, isn’t so rich (money wise), is it justified for him to comment on problems of rich? So in my defence all I have to say is that I never let my lack of first-hand experience with a topic stop me from speculating on it.
Unlike previous Life 2.0 articles, this post doesn’t aim to provide any ‘how to’ advice. My intention is to share with you a different perspective, the view from the other side of the fence where grass seems greener.
- Spotlight: Big ideas from Value Investing and why applying them in your investment decision making will be a great deal
- InvestorInsights: Interviews with experienced value investors, learners, and deep thinkers
- StockTalk: Thorough analysis of business models of companies (without any recommendations)
- Behaviouronomics: Deep analysis of human behaviour and how it impacts investment decision making
- BookWorm: Reviews of the best books on Value Investing and related subjects
- Free Course – Financial Statement Analysis for Smart People (otherwise priced at Rs 5,900)
- Archives: Instant access to our huge archive from the past three years