Thinkwist (Page 16)

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Compounding

Compounding is a concept that primarily comes from finance and economics. Basically compounding refers to the interest on interest that you gain on a deposit or a loan. Albert Einstein once said that Compound Interest is mankind’s greatest invention. Compounding goes beyond the field of economics. It can

Placebo Effect

It is an effect where you experience a positive or negative effects from an inactive “look-alike” substance or treatment. The inactive substance is called the placebo. The mind has a powerful influence on the body and expectations can trigger this effect. More the expectations more they can feel

How TransferWise Works?

TransferWise is an online money transfer service. TransferWise offers transfers at the mid-market rate, i.e. the rate that you would find on Google. Other banks and transfer services usually offer a higher rate and make a profit out of it. TransferWise uses smart matching to match your transaction to

What is a SPAC?

SPAC stands for Special Purpose Acquisition Company, also known as a blank check company. A SPAC is a shell company used to raise money that can be used to take a private company public. This enables company to bypass the traditional IPO process. SPAC’s can be used to

Central Bank Digital Currency

CBDC is the digital form of fiat money. It is issued and regulated by the government and hence receives its legal tender status. Most proof-of-concepts are based on blockchain technology and inspired by cryptocurrency like systems. But unlike cryptocurrency, the CBDC will be centrally controlled. In this case, the concept

Pygmalion Effect

This is a psychological phenomenon where your performance is influenced positively or negatively by others’ expectations of you. One example of this is in the classroom. A teacher tends to pay more attention and encourage students they like and expect to perform well. This in turn creates this positive

How a Pulse Oximeter works

A pulse oximeter is used to measure the oxygen level in your blood using a non-invasive way. Haemoglobin are cells in the blood that carry oxygen. Hence they can occur in 2 states, either they are oxygenated or deoxygenated. Principles involved Amount of light absorbed in directly proportional to the

Don't finish that book

It is a skill to understand when to stop reading a book and switch to another one. Not finishing a book is not a sign of failure, rather it is a sign that you value your time even more. Reading non-fiction books in a serial way, i.e. one book

Dollar Cost Averaging

Dollar cost averaging is an investment strategy where the investor splits up the amount to be invested and invests it over a period of time. The immediate effect of this is that the effective cost of the purchase gets averaged out over a period of time. This can shield the

Unhabit

Social media apps these days have features built into them to keep us mindlessly scrolling through its infinite feed. One easy way to unhabit is to install a “focus” app that limits the time you spend on these apps. But what if we try to introduce a negative