For people who are 40 and above today, the quality of your life is to a large extent the cumulative effect of important decisions in your life. Of course, luck plays a part as well. So, are there ways to ensure that we by and large make sound and rational decisions that also minimise the impact of potential bad luck on us?

For me, I think the way is through an evidence-based approach to decision-making, coupled with a large dose of common sense so that you can manage your funds in a sound manner, without inflicting too much emotional toll on yourself.