June Insights and Updates

I mentioned in our April email that The Knowledge Project podcast with Shane Parrish is my go-to for the middle of the night. On one of those nights recently, I listened again to his interview with Nobel prize-winning psychologist Daniel Kahneman, who passed away in March this year aged 90.

I’ve copied an excerpt of the interview here:

The circumstances that make people happy and the circumstances that make them satisfied with their lives are not the same.

Happiness is mostly social. It’s being with people you love and who love you back.

Life satisfaction is much more conventional. It’s more about success: money, education, prestige, that sort of thing.

I used to think life satisfaction was irrelevant. We even had a research program trying to show that this was the case. But after a few years of doing that, I realised that people don’t seem to care about how happy they’ll be. They want to be satisfied with their lives. They seem to want to have a good story about their lives.

There are so many more interesting insights that Kahneman shares in this episode and in his books Thinking, Fast and Slow and his follow-up (with co-authors) Noise: A Flaw in Human Judgment. Both worth a read if and when you get the chance.

Kahnemann was a true giant in the field of psychology and behavioural science. May he rest in peace.

Rob Pyne


Aged care – the high cost of poor (or no) advice

Navigating the aged care decision-making process is difficult, especially if decisions are being made in a crisis when emotions are running high. Frustration, confusion, and anxiety are the most common feelings experienced when arriving at the point of making those important decisions with little preparation.

Read more about how to avoid that frustration and anxiety here.


Taming inflation is not so easy

More than two years into the steepest interest-rate tightening cycle in decades, central banks worldwide are grappling with how fast to unwind the policy and start to bring interest rates down. Australia and the US remain in a holding pattern, with the RBA now contemplating one more rate increase. Stock markets are in a period of uncertainty as they accept that taming inflation is not going to be easy.

Read more here.


How to thrive in a world of uncertainty

While this article is US-centric and written with recent college graduates in mind, the messages it contains are universal. Bottom line: Uncertainty isn’t something to fear. It’s an opportunity to grow, adapt, and forge your own unique path.

Read more about how to change your relationship with uncertainty here.


Meet the team: Kyh Dickson

After finishing school, Kyh Dickson briefly considered a career in medicine (following the path of his mum and brother) but had a greater interest in business and finance so embarked on a degree in Finance and Management. It wasn’t until after uni that Kyh considered financial planning as a career, but we’re glad he did. He’s one of our newest Client Service Associates and we’re so glad to have Kyh bring his infectious energy and enthusiasm to the team.

Find out more about Kyh here

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