Make Your Investment Decision Easier - Read This Story

[yhendra]

Hi All,

A friend of mine in US shared the story below.
I can immediately relate this story to what Dennis has shared with us: how we decide in investing by using TWO SIMPLE QUESTIONS only:
WHAT IS THE UPSIDE?
WHAT IS THE DOWNSIDE?.

It is only our mindset that make things looks complex, risky, not achievable in investing....
You can live a life as "simple" as you want it!
Or you can choose to live a life as complex as you think it is!

You see... the question in the story below is very simple, and the answers/solutions can be very simple, but yet it can be also so complex!
You just need an OPEN MIND to ACCEPT that finding solutions in life can be so SIMPLE!

I am grateful that Dennis has shared the factors in investment can be made simpler!
Only when you have attended his seminars then you realize that the values you get far more than the fee you have paid for!

Read on... Enjoy....
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The following concerns a question in a physics degree exam at the University of Copenhagen:

"Describe how to determine the height of a skyscraper with a barometer."

One student replied:

"You tie a long piece of string to the neck of the barometer, then lower the barometer from the roof of the skyscraper to the ground. The length of the string plus the length of the barometer will equal the height of the building."

This highly original answer so incensed the examiner that the student was failed. The student appealed on the grounds that his answer was indisputably correct, and the university appointed an independent arbiter to decide the case. The arbiter judged that the answer was indeed correct, but did not display any noticeable knowledge of physics. To resolve the problem it was decided to call the student in and allow him six minutes in which to provide a verbal answer which showed at least a minimal familiarity with the basic principles of physics.

For five minutes the student sat in silence, forehead creased in thought. The arbiter reminded him that time was running out, to which the student replied that he had several extremely relevant answers, but couldn't make up his mind which to use.

On being advised to hurry up the student replied as follows:

"Firstly, you could take the barometer up to the roof of the skyscraper, drop it over the edge, and measure the time it takes to reach the ground. The height of the building can then be worked out from the formula H = 0.5g x t squared. But bad luck on the barometer."

"Or if the sun is shining you could measure the height of the barometer, then set it on end and measure the length of its shadow. Then you measure the length of the skyscraper's shadow, and thereafter it is a simple matter of proportional arithmetic to work out the height of the skyscraper."

"But if you wanted to be highly scientific about it, you could tie a short piece of string to the barometer and swing it like a pendulum, first at ground level and then on the roof of the skyscraper. The height is worked out by the difference in the gravitational restoring force T = 2 pi sqroot (l / g)."

"Or if the skyscraper has an outside emergency staircase, it would be easier to walk up it and mark off the height of the skyscraper in barometer lengths, then add them up."

"If you merely wanted to be boring and orthodox about it, of course, you could use the barometer to measure the air pressure on the roof of the skyscraper and on the ground, and convert the difference in millibars into feet to give the height of the building."

"But since we are constantly being exhorted to exercise independence of mind and apply scientific methods, undoubtedly the best way would be to knock on the janitor's door and say to him 'If you would like a nice new barometer, I will give you this one if you tell me the height of this skyscraper'."

It is told, that the student was Niels Bohr, who later received the Nobel prize for Physics.

[Dennis Ng]

Hi Hendra,
keep up your sharing in the forum.

I especially like this part:

"But since we are constantly being exhorted to exercise independence of mind and apply scientific methods, undoubtedly the best way would be to knock on the janitor's door and say to him 'If you would like a nice new barometer, I will give you this one if you tell me the height of this skyscraper'."

It is told, that the student was Niels Bohr, who later received the Nobel prize for Physics.