Behavioral finance is not the study of how “other” people behave. It is the study of how we all behave. It is not just a window onto the world; it is also a mirror onto ourselves.
Read MoreBehavioral Finance: What Good Is It, Anyway?
1974 and 1999: History Turned Upside Down
History is a poor predictor of what will happen around us in the future. But it is a superb guide to figuring out how we need to test our own weaknesses.
Read MoreFat Tails, Thin Ice
Beware of highly confident forecasters in an increasingly unpredictable world.
Read MoreInvesting and Murphy’s Law
How come, when you invest, whatever can go wrong will?
Read MoreLess Is More: What Small Investors Can Learn From a Pension Giant
Does anyone — even a giant pension plan — need 212 portfolio managers?
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