Saturday, October 30, 2010

Relative and absolute

Contributed by DareToAct
Why I learnt servicing institutional clients when i was an investment manager:

When market is up, the clients look at relative performance.
When market is down, the clients look at absolute performance.

These is basic human psychology and I think those in the Government servicing the citizens need to understand this well.

Don't tell the middle income to be happy with their Executive apartments or EC ---- they are eyeing the relatively pricier condos and landed properties.

Don't tell the lower income and older workers to compare themselves to poorer people in other countries or to compare with the poorer conditions in the past --- they are absolutely poor and afraid now.


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