What is Goodwill in the Balance Sheet?

What is Goodwill in the Balance Sheet?

Goodwill is an intangible asset that represents the non-physical items of a company has that cannot be easily valued. It is the excess value of a business after subtracting the assets from the liabilities. This value can be generated from customer loyalty, the quality...
What are Mental Models? And Why Should You Care?

What are Mental Models? And Why Should You Care?

“Like a pane of glass framing and subtly, distorting our vision, mental models determine what we see”- Peter Senge. Have you ever stopped to question your perception of the world around you? Have you asked yourself: ‘Is the way you view something really...
How Much Should You Save  - 50/20/30 Rule!

How Much Should You Save  - 50/20/30 Rule!

How much should you save — This is one of the biggest questions that comes to everyone’s mind when we talk about budgeting. The importance of smart budgeting cannot be overstated as excessive spending and irregular saving habits can lead to disasters in the...
Why You Should Invest in Balanced Mutual Fund?

Why You Should Invest in Balanced Mutual Fund?

The Balanced Mutual Fund is a type of Equity Mutual Fund which combines the feature of both equity and debt in a single instrument. It means that the money pooled from the unitholders are invested both in debt and equity instruments. However, the equity element in the...
Why buying a house can be good investment?

Why buying a house can be good investment?

As millennials we are often given a lot of investment advice- save early, take advantage of mutual funds and employer savings accounts and get rid of high-interest credit cards. But research has shown that one of the best ways to build up that retirement nest-egg is...
What is the Prisoner’s Dilemma?

What is the Prisoner’s Dilemma?

The Prisoner’s Dilemma is a popular two-person game of strategic thinking that is analyzed as part of game theory. It demonstrates how rational individuals are unlikely to co-operate even when it is in their best interests to do so. The game uses the example of two...
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