Hindsight Bias
Beyond fear and greed, other powerful behavioral biases can be found in almost all investors, both private and professional, and are often exhibited by enduring habits and behaviors that are very difficultRead More…
Beyond fear and greed, other powerful behavioral biases can be found in almost all investors, both private and professional, and are often exhibited by enduring habits and behaviors that are very difficultRead More…
“…a fund’s management has skill only if the fund’s expected gross returns are sufficient to cover the costs (primarily trading costs) not included in its expense ratio…a comparable efficiently managed passive fundRead More…
Retirement is a 70 year decision-making process. Before retirement it’s all about saving every possible penny for those golden years. IRAs, ROTH, 401(k)s. Stocks, bonds, gold, cookie jars and sofa change! It’s theRead More…
“The way to wealth is as plain as the way to market. It depends chiefly on two words, industry and frugality: that is, waste neither time nor money, but make the bestRead More…
“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.” -Ayn Rand
“Its all about fixing the investor; the only goal is providing behavioral learning that can make you a more grounded, more productive investor…to reduce situations where you are likely to make emotionalRead More…
“We want only the facts that justify our acts—the facts that fit in conveniently with our wishful thinking and justify our preconceived prejudices!” – Dale Carnegie
I have never wished to cater to the crowd; for what I know they do not approve, and what they approve I do not know. –Epicurus READ THE CLASSIC: Extraordinary Delusions andRead More…
The internet is loaded with pundits who can’t possibly predict short-term market movements. They sound intelligent, but don’t have a clue. However, there are proven and steady voices in the wilderness. TheRead More…
“I know what you’re thinking: ‘Is it down six hundred points or only five?’ Well, to tell you the truth, in all this excitement, I’ve kinda lost track myself. But being we’reRead More…