30 Jan '17, 1pm

Tibits I learnt from "Portfolios of the Poor": I have been slowing down the number of posts recently as I have been…

I have been slowing down the number of posts recently as I have been reading more often (takes some time) . Thought might be good to share some interesting things I learnt from reading books (I’ll read some fiction in rotation so not all would be focused on learning) . So here we go. The premise of the book is about clearing up misunderstandings about who, what and how the poor live. Social media has not really helped much in understanding the poor, as we impose our lifestyle ideals/expectations on them . Examples are: We think that they are living hand to mouth with nothing to save (their cashflows shows an entirely different story) Terrible terrible living conditions (not saying they shouldn’t get better, but they aren’t really complaining about those, more like different expectations, don’t really require individual rooms for themselves etc) Cost of living (we are assum...

Full article: http://thefinance.sg/2017/01/30/tibits-i-learnt-from-port...

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