Search Results for: "behavior"

Books For Your New Year’s Resolution

“Simplifying is generally the strategy of people who view the world in terms of systems.” – Scott Adams Every year people make New Year’s resolutions to lose weight, save more, spend less or better their career prospects. According to Forbes, about 8% of these people actually achieve these resolutions. Tracking the drop off in traffic…

Is Your Investment Strategy Mediocre?

“Successful investing can almost be easy: Avoid harmful “accidents” and do what will achieve your own most important long-term objectives. The very human irony is that learning this lesson can take so many years that by the time we “get it,” it may be too late to use the lesson because the powers of compounding…

The Best Books I Read in 2013

“In my whole life, I have known no wise people over a broad subject matter area who didn’t read all the time – none, zero.” – Charlie Munger These are the best books I’ve read in 2013. INVESTING Backstage Wall Street by Josh Brown Brown spent a number of years working as a commissioned broker…

More Stock Bubble Talk

“It’s one of my first principles that we never know where we’re going – given the unreliability of macro forecasting – but we ought to know where we are.” – Howard Marks Reader mailbag: I read your article about stock levels (New Round Numbers! What Does it All Mean?) and I’m curious how you could…

Would You be Gullible Enough to Invest with Bernie Madoff?

“There are some frauds so well conducted that it would be stupidity not to be deceived by them.” – Charles Cotton I was reading the book Think Twice by Michael Mauboussin recently (great book for anyone interested in behavioral psychology and how your brain processes information in a counterintuitive way) and he shared a story…

Why Does the Middle Class Hate Stocks?

“If you’re investing for a lifetime – and you should be, saving for retirement and educating your kids along the way – if you’re 20 years old now, you should be thinking 60 or 65 years as your time horizon.” – John Bogle

Are Pensions to Blame for the Retirement Crisis?

One of the prevailing theories on the sad state of affairs of the retirement statistics in this country is that our employers have failed us. The line of thinking goes like this: Employers used to provide the majority of workers with pension income for retirement as thanks for being a loyal employee.  Since pensions have…

Losing Weight, Saving & Decision Fatigue

“Reduce decision making. Think about the routine things that can be made automatic—from what you eat for lunch to where you live.” – Dr. Michael Joyner Personal finance people love to compare losing weight and getting your financial house in order. It’s the go-to personal finance analogy and I’ve heard it hundreds of times. It…