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The Tortoise or the Hare – Valuing a portfolio over time

The Tortoise or the Hare – Valuing a portfolio over time

Today we wanted to build on our last message about how our fear of regret often leads us to take more risk than is necessary and chase performance.  It makes it hard for us to just diversify and sit tight through the roller coaster of good times and bad.  Remember our...
FOMO – The influence it has on our investment decisions.

FOMO – The influence it has on our investment decisions.

Some decisions are easy to evaluate with a little bit of hindsight.  For example, trying to take a shortcut home to save a few minutes only to get caught behind a wreck that costs you a half hour.  That is easy to see, and immediately regret. Many decisions like these...
We’re all experts! Overestimating our expertise.

We’re all experts! Overestimating our expertise.

Over the last few months we have been talking a lot about our behavioral quirks and how they can impact our decision making, especially when it comes to our financial life.  An interesting one from the field of psychology is the Dunning-Kruger Effect. The...
The Sunk Cost Bias – To Far to Turn Back

The Sunk Cost Bias – To Far to Turn Back

Happy 4th of July!!  We hope you enjoy food, family, friends, and fireworks today.  Before we head out for some fun, we thought we’d share one final addition to our series on behavioral finance.  This week is devoted to the Sunk Cost Bias / Fallacy. The Sunk...
Availability Heuristic – Be Careful What You Read

Availability Heuristic – Be Careful What You Read

It is always good to be better informed but sometimes the last thing we read, or what is publicized the most, can have a disproportionate impact on our view of the way things are. This leads us to another fun concept of behavioral finance called the Availability...
Framing Heuristic – Always Bet on Tails

Framing Heuristic – Always Bet on Tails

Good morning!  Another week in June comes to a close as this month continues adding to its list of economic twists and turns.  While the US and global economy show broad positive growth, we have now entered into trade disputes with a significant portion of the...