A few years ago, we had an intern, and one of the tasks we set him was to reflect on life lessons that related to investing and financial planning. He developed a mental map for the process that resonated with him, and it looks like it has..
There are many different aspects of shared and individual accountability in any successful advisory relationship. Certainly, a client holds their advisor accountable for their recommendations. An advisor should be held accountable for the..
In the complex world we live in, we all face leaps of faith. We grapple with opacity. How is a taxicab different from an Uber ride? What is a bank really charging us for our checking account or credit card? Is the product I got from Amazon..
It may not seem like it but this man may unwittingly hold the secret to understanding how you measure your investment portfolio…but looks can be deceiving.
We recently wrote about a benign self-delusion as it relates to investment decision making. We were talking about the illusion of control. You want to see illusions play out? Look at the average person’s, (even the average professional..
In 1990, an R&B trio got nominated for a Grammy award for their song “Let’s Talk About Sex,” which was (at the time) a more than usually overt song about a topic that is still pretty taboo in America. It was considered by music pundits at..
Like the groundhog, entire herds of investors stick up their head just after the end of January, and try to decide what the year will be like. They are just about as accurate, generally. Groundhog day is thought to have its roots in old..
There are a number of issues that need to be carefully considered to craft investment policies. These include the scope of the project—ambitions and limitations—and the overall constraints you need to keep in mind.
It seems like investors are always looking for somebody to emulate. I find investors dissecting the buying decisions (and annual investor letter) of Warren Buffet, reading books by Peter Lynch, and spending hours trying to figure out how..
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