Challenges of Applying Behavioral Finance
There are various challenges to applying behavioral finance effectively in an advisor’s practice. In this post, I will tackle two…
How Behavioral Finance Helped Advisors in 2020
As I speak at major conferences on the application of behavioral finance I often hear advisors say, “I wish I…
Make 2020 A Great Year
We are halfway through the year, and already people say “good riddance” to 2020. This has been a difficult year!…
How Investors Choose Their Financial Advisor
I am a member of Brighthouse Financial’s Insights Panel. This panel contains thought leaders across various disciplines that come together…
Behavioral Finance Doesn’t Work
A declaration that behavioral finance doesn’t work is probably not something you expect to hear from someone who speaks on…
10 Destructive Behaviors of Emotional Investors
A magazine editor recently read my book, The Emotional Investor, and I gave him permission to use what he learned…
Behavioral Finance Article Published by Kitces
Late last year I was asked by Michael Kitces to write a guest blog on the topic of behavioral finance….
Is “Do Nothing” Just Lazy Advice?
We are coming off of some pretty significant moves in the stock market. The market dropped over 35% from its…
My Costco Experience – Recovery May Take a While
Yesterday I went to Costco with my wife to pick up a few items. That experience leads me to believe…
The Fear Pandemic & A Timely Message
There is one thing more contagious than Coronavirus – that is fear. The last few weeks, I have telling advisors…
A Consistent Message For YoYo Markets
The last few days have been something else! Coronavirus news came out several weeks before the market decided to do…
InvestmentNews – Behavioral Finance Interview
At Schwab’s IMPACT conference, I was interviewed by InvestmentNews about the challenges facing advisors in applying behavioral finance to their…
Decision Quality
We often evaluate the quality of our decisions based on its outcomes. If it was a favorable outcome, then it…
Beware of Averages
We use averages often in the business of investing and financial planning. We quote averages when we discuss a historical…
“Smart Money” Shows It’s Stupidity Again
Ever since I began paying attention to the so called “smart money”, I have been amazed at how many stupid…
Why This Time May Be Worse For Investors (Psychologically)
We are down about 5% from ALL TIME highs. And investors are beginning to get very concerned. Why? It’s because…
I’m Crying for You Argentina
Yesterday, the Argentine stock market, known as the S&P Merval Index, lost over 48% in dollar terms. We are not…
Me, Myself & Market Movements
Last week the Federal Reserve did as everyone was expecting – they cut rates 25bps. Shortly after the rate cut,…
Our Lives Would Be Better Without Twitter
The virtue of technology is its capability to improve our lives. It can make things more efficient, allow us to…
The Virtue of Note Taking
The other week I spoke at a major broker/dealer conference. I flew in the day before my speaking session and…
Just How Strong is the Global Economy?
Much of what I do, both professionally and personally, is guided by, “By their fruits ye shall know them” (Matt…
The Power of Pattern Detection
In my course of study on behavioral finance and decision-making, I often learn and think about the functions of the…
The Illusion of Certainty
Our brain hates uncertainty. Absolutely detests it. Has there been a time when you didn’t know the answer or outcome…
Beware of Misleading Headlines & Illustrations
Many advisors are aware of media bias and the power of a misleading headline. We don’t tend to read things…
Do We Really Care Who Was #1 Stock Picker?
The Wall Street Journal recently published “And the No. 1 Stock-Fund Manager Is…”. I clicked to read. As I read…
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