HELSINKI: Finland remained the world’s happiest country for a seventh straight year in an annual UN sponsored World Happiness Report published on Wednesday.
And Nordic countries kept their places among the 10 most cheerful, with Denmark, Iceland and Sweden trailing Finland.
Afghanistan, plagued by a humanitarian catastrophe since the Taliban regained control in 2020, stayed at the bottom of the 143 countries surveyed.
For the first time since the report was published more than a decade ago, the United States and Germany were not among the 20 happiest nations, coming in 23rd and 24th respectively.
In turn, Costa Rica and Kuwait entered the top 20 at 12 and 13.
The report noted the happiest countries no longer included any of the world’s largest countries.
“In the top 10 countries only the Netherlands and Australia have populations over 15 million. In the whole of the top 20, only Canada and the UK have populations over 30 million.”
The sharpest decline in happiness since 2006-10 was noted in Afghanistan, Lebanon and Jordan, while the Eastern European countries Serbia, Bulgaria and Latvia reported the biggest increases.
The happiness ranking is based on individuals’ self-assessed evaluations of life satisfaction, as well as GDP per capita, social support, healthy life expectancy, freedom, generosity and corruption.
Jennifer De Paola, a happiness researcher at the University of Helsinki in Finland, told AFP that Finns’ close connection to nature and healthy work-life balance were key contributors to their life satisfaction.
In addition, Finns may have a “more attainable understanding of what a successful life is,” compared to for example the United States where success is often equated with financial gain, she said.
Finns’ strong welfare society, trust in state authorities, low levels of corruption and free health care and education were also key.
“Finnish society is permeated by a sense of trust, freedom, and high level of autonomy,” De Paola said.
This year’s report also found that younger generations were happier than their older peers in most of the world’s regions — but not all.
In North America, Australia and New Zealand, happiness among groups under 30 has dropped dramatically since 2006-10, with older generations now happier than the young.
By contrast, in Central and Eastern Europe, happiness increased substantially at all ages during the same period, while in Western Europe people of all ages reported similar levels of happiness.
Happiness inequality increased in every region except Europe, which authors described as a “worrying trend.”
The rise was especially distinct among the old and in Sub-Saharan Africa, reflecting inequalities in “income, education, health care, social acceptance, trust, and the presence of supportive social environments at the family, community and national levels,” the authors said.
Finland world’s happiest country again, Kuwait ranks 13: study
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Finland world’s happiest country again, Kuwait ranks 13: study
- Sharpest decline in happiness since 2006-10 was noted in Afghanistan, Lebanon and Jordan
Some Warren Buffett wisdom on his last day leading Berkshire Hathaway
OMAHA, Nebraska: The advice that legendary investor Warren Buffett offered on investing and life over the years helped earn him legions of followers who eagerly read his annual letters and filled an arena in Omaha every year to listen to him at Berkshire Hathaway’s annual meetings.
Buffett’s last day as CEO is Wednesday after six decades of building up the Berkshire conglomerate. He’ll remain chairman, but Greg Abel will take over leadership.
Here’s a collection of some of Buffett’s most famous quotes from over the years:
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“Be fearful when others are greedy, and greedy when others are fearful.”
That’s how Buffett summed up his investing approach of buying out-of-favor stocks and companies when they were selling for less than he estimated they were worth.
He also urged investors to stick with industries they understand that fall within their “circle of competence” and offered this classic maxim: “Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.”
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“After they first obey all rules, I then want employees to ask themselves whether they are willing to have any contemplated act appear the next day on the front page of their local paper to be read by their spouses, children and friends with the reporting done by an informed and critical reporter.
“If they follow this test, they need not fear my other message to them: Lose money for the firm and I will be understanding; lose a shred of reputation for the firm and I will be ruthless.”
That’s the ethical standard Buffett explained to a Congressional committee in 1991 that he would apply as he cleaned up the Wall Street investment firm Salomon Brothers. He has reiterated the newspaper test many times since over the years.
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“You only find out who is swimming naked when the tide goes out.”
Many companies might do well when times are good and the economy is growing, but Buffett told investors that a crisis always reveals whether businesses are making sound decisions.
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“Who you associate with is just enormously important. Don’t expect that you’ll make every decision right on that. But you are going to have your life progress in the general direction of the people you work with, that you admire, that become your friends.”
Buffett always told young people that they should try to hang out with people who they feel are better than them because that will help improve their lives. He said that’s especially true when choosing a spouse, which might be the most important decision in life.
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“Our unwavering conclusion: never bet against America.”
Buffett has always remained steadfast in his belief in the American capitalist system. He wrote in 2021 that “there has been no incubator for unleashing human potential like America. Despite some severe interruptions, our country’s economic progress has been breathtaking.”
