Danny Kahneman’s Best Idea
We need to face reality. You’re in trouble if losses cause you to overreact or make big mistakes at the worst possible moments.
The Best Interest »
Behavior
Problem solving and logical fallacies. Behavioral economics; should pick up someone else’s garbage?
These posts all deal with the way we interact with the world. Some have a financial-twist, while others are simply my philosophical musings.
I hope these Behavior posts provide you with an actionable idea you can use to improve your life.
50 Shades of Passive Investing
The problem I want to highlight today is the investor who thinks, “I’m all passive, therefore I’m all set.”
Financial Flexibility
My friend’s daughter (~21 years old) just bought her first car. It was a big financial move, and she had lots of options. For better… Read More »Financial Flexibility
Return on Sleeplessness
We’ve all heard the concept of “return on investment”. But what about “return on sleeplessness?”
You Can’t Control The Waves…
“You can’t control the waves, but you can learn to surf.” Investors needs to learn to “surf” whatever the market throws at them.
Fundamentals Of Retirement: Is the Summit “Good Enough?”
The Adirondack Mountains are a gorgeous outdoor wonderland, attracting tourists from all over the world. The park covers 20% of New York state (3x larger… Read More »Fundamentals Of Retirement: Is the Summit “Good Enough?”
Money is a Moon, Not a Galaxy
Everything you’ve ever known – every person, every STOP sign, every atom of oxygen in the air – is constantly being pulled toward the center… Read More »Money is a Moon, Not a Galaxy
The Jazz of Personal Finance
You probably don’t know Ornette Coleman. Coleman was a jazz musician (born 1930, died 2015) famous in the jazz world for his willingness to break… Read More »The Jazz of Personal Finance
“I Wouldn’t Know Where to Start” – 16 Questions to Ask A Financial Advisor
True story. I taught finance to school teachers last week. And one of their questions was so good, I had to write this article in response.
The Answers are Here, But…
I heard a fantastic quote this week, ascribed to sci-fi writer William Gibson: “The future is already here. It’s just not evenly distributed yet.” William… Read More »The Answers are Here, But…