Blowhards, Broken Clocks, and Confirmation Bias
These astrologers are the boys who cried wolf. And we’re correct to not believe them, even when they happen to get one right. They’ve foisted it upon themselves.
Jesse Cramer created The Best Interest to explain personal finance and investing in simple terms. His writing has been featured by CNBC, MSN, The Motley Fool, and other national publications. He resides in Rochester, NY with his wife and their dog, where he works in wealth management. Follow Jesse on Twitter: @BestInterest_JC
These astrologers are the boys who cried wolf. And we’re correct to not believe them, even when they happen to get one right. They’ve foisted it upon themselves.
“Jesse – I don’t understand why you hold bonds. I don’t know why anyone holds bonds. Can you explain the “problem” with a 100% stock portfolio?”
Common sense is a black hole until it’s been explained to you.
I’ve been playing a little golf in my own life, and I had a small epiphany after my latest adventure chasing balls through the woods: golf and financial literacy are basically the same.
An easy way to level up your finances is to bucket your money. It’s a mental accounting trick that helps both your objective financial plan and your subjective financial mindset.
Another quarter in the books! Every three months, I’ll be taking a look at my personal finances, recent news from The Best Interest, and more dog pictures.