Tag: Behavioral Finance
Investing, Money Parables
Successful Investing Takes the Courage to Go Against the Crowd
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Most Investors follow the crowd down the path to comfortable mediocrity. – David F. Swensen Somewhere (I am not saying where) there is a picture of me at a high school dance, circa 1980. My hair is longish and parted in the middle. I am wearing a powder blue polyester suit with airplane wing collars…
Investing
Predictable Irrationality: How Your Brain Sabotages Your Investments
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If you can keep your head when all about you are losing theirs… Yours is the earth and everything that’s in it… – Rudyard Kipling from his poem If In his classic book The Four Pillars of Investing, William Bernstein wrote, “The major premise of economics is that investors are rational and will always…
Investing, Money Parables
When the Market Goes Crazy, Don’t Just Do Something, Stand There
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Stock markets have had a rough couple of weeks to start the New Year. They recovered a bit Friday but they are still down considerably since January 1. Although the year is young the Dow has already suffered several triple-digit losses, sometimes on consecutive days. When this happens people become restless and wonder what they…