As the stock market continues to reach new highs, it’s tempting to think about the possibility of buying and selling at just the right moment. Here’s a dirty little secret that most of the investment industry doesn’t want you to know: Time is more important than...
All too often, people make money decisions without the end in mind. In fact, the neural patterns resulting from thinking about our future self greatly resemble the neural patterns from thinking about a stranger. In other words, our brains think of saving like a choice...
Imagine The Wall Street Journal ran a contest for its subscribers in which each subscriber viewed 100 photos of various men and women. To participate in the contest, each subscriber must pick the six most attractive people. The subscriber that choses the photos voted...
Stop looking at your portfolio. The Digital Age has made access to stock market data and real-time portfolio values increasingly easy, but it causes investors to lose sight of the big picture as their mental time horizon shortens to match the frequency of feedback...
Confirmation bias is the tendency to seek out information that supports your beliefs and ignore information that contradicts it. To better understand how this occurs, below is a variation of a popular logic puzzle that uses four cards to test a simple rule: “If the...
