Category: Investing

Pigeons, Patterns, & Predictions: What Can We Learn About Investing from the Birds?

“Most of what we call ‘human nature’ becomes a deadly quicksand of maladaptive behavior when allowed to roam free in the investment arena.”  –William Bernstein Harvard psychology professor Dan Gilbert jokes in his book, Stumbling on Happiness, that all psychologists vow, sometime in their career, to finish the sentence “The human being is the only…

Back to the Future: Money and Time Travel

“The essence of finance is time travel. Saving is about moving resources from the present into the future. Financing is about moving resources from the future into the present.” – Matt Levine, Financial Journalist   One of my favorite movies is Back to the Future. The movie is about Marty McFly (Michael J. Fox), an average American…