Reflection on Starcraft

After some discussion with my friend M and some more thinking,  I’ve decided that what I’ve learned in playing starcraft beats many eduction I’ve received.     Here are my reflections on the wisdom obtained by playing starcraft:     1. Getting Rich.   One of the most useful concepts in the book Rich Dad, Poor Dad is the way to financial freedom can be achieved by building a portfolio of passive income streams.   Being a starcraft player, I’ve known this […]

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Human Psychological Bias

Today I just finished reading Robert Cialdini’s famous book: Influence: Science and Practice.         The book explained human behavior has various “rule of thumb” which are the results of evolution.         Reciprocation – We want to give something back when we received a favor. This principle is behind many marketing and sales campaigns in which a small gift or favor is given to a potential customer to induce their business or loyalty.         Commitment and Consistency – […]

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Money Management, Kelly Criterion and the Stock Market

It all starts with a simple game: A coin has 80% chance of flipping a HEAD and 20% chance of flipping a tail. At each turn of the game you place a bet. If the coin flips a HEAD, you get back twice the amount you bet. If the coin flips a TAIL, you lose your bet. You have $10 available for betting, and you can play as many turns as you can afford. The question is: Would you play […]

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