This chapter reminds us to avoid the Arms Race.
This advice is particularly relevant in Singapore.
The biggest arms race in Singapore is the game of buying tuition for your kids. Parents are fighting an arms race that sees their children studying much harder but being unable to meaningfully do better than their peers because the other kids also have a lot of tuition. The only effect of playing this game is to enrich tuition centres.
At the professional level, the legal industry is also big red ocean that sees the top A level students being thrown into an industry that is facing disruption from technology. This means that, across the generations, lawyers are getting smarter, putting in more hours at work, but getting the same amount of salary when divided by the number of working hours they put in. The Supreme Court has put up a bombshell consultation paper …