First off, The Big Picture has photos from the car collection of Ralph Lauren. The toys rich people have!
Next up, a very good account on how STPs are being misused by Dhirendra Kumar.
You might be aware that a new CPI has been announced, and Ajay Shah has an excellent post on it.
Hemant on plans with bonus – this is one of those mental accounting posts where you treat money from different sources differently.
I have written about the next stage of developing this thinking building on a post from Mark Wolfinger of Options for Rookies who wrote:
â€œIf you have a profit, that profit is yours.Â It does not belong to â€˜the house.â€™Â If the investment turns against you, and your $1,000 profit becomes a $600 profit, you lost $400.
I can hear the disbelief now.Â â€œHow can I have lost $400 when I earned a $600 profit?â€â€¦. Holding is a decision.Â Itâ€™s a decisionÂ not to act.Â Because you can exit the trade at itâ€™s current price, that price represent the value of your trade.Â This is marking to the market.â€
Mark’s post about this is just great, and if this concept is new to you or just needs re-enforcement you can read it here.
Book review of Jaya: An Illustrated Retelling of the Mahabharata by Reema Sahay.
Finally, here’s some light humor from Mashable that will make you feel good about your Tweets.
Enjoy your weekend!