Category: Investing

Investing, Money Parables

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

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“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…

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Debt, Investing, Misc., Money Parables, Saving

Back to the Future: Money and Time Travel

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“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…

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Investing

Don’t Pay for the Overconfidence of Your Investment Advisors

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“Overconfidence is a very serious problem.  If you don’t think it affects you, that’s probably because you are overconfident.”  – Carl Richards In late 2007 legendary investor Warren Buffett made a $1,000,000 bet with Protégé Partners, LLC with the winnings going to charity. The terms of the wager are as follows: “Over a ten-year period…

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Investing, Money Parables

Try this Survival Tactic the Next Time the Market Throws a Tantrum

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“The primary cause of [investing] failure is that [people] pay too much attention to what the market is doing currently.” – Benjamin Graham In a scene guaranteed to evoke empathy in every parent or grandparent with a heart and a memory, a grandfather was in a grocery store checkout line with his toddler grandson when the boy resorted to the time-tested tactic of…

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