Using Loss Aversion to Your Benefit
Loss aversion is an emotional bias. Basic behavioral coaching strategies are ineffective with emotional biases. [...]
Aug
The CDC, COVID and Behavioral Biases
The director of the CDC recently said that this fall may be the worst one [...]
Aug
Challenges of Applying Behavioral Finance
There are various challenges to applying behavioral finance effectively in an advisor’s practice. In this [...]
Aug
How Behavioral Finance Helped Advisors in 2020
As I speak at major conferences on the application of behavioral finance I often hear [...]
Jul
Make 2020 A Great Year
We are halfway through the year, and already people say “good riddance” to 2020. This [...]
Jul
How Investors Choose Their Financial Advisor
I am a member of Brighthouse Financial’s Insights Panel. This panel contains thought leaders across [...]
Jun
Behavioral Finance Doesn’t Work
A declaration that behavioral finance doesn’t work is probably not something you expect to hear [...]
Jun
10 Destructive Behaviors of Emotional Investors
A magazine editor recently read my book, The Emotional Investor, and I gave him permission [...]
May
Behavioral Finance Article Published by Kitces
Late last year I was asked by Michael Kitces to write a guest blog on [...]
May
Is “Do Nothing” Just Lazy Advice?
We are coming off of some pretty significant moves in the stock market. The market [...]
May
My Costco Experience – Recovery May Take a While
Yesterday I went to Costco with my wife to pick up a few items. That [...]
Apr
The Fear Pandemic & A Timely Message
There is one thing more contagious than Coronavirus – that is fear. The last few [...]
Mar
A Consistent Message For YoYo Markets
The last few days have been something else! Coronavirus news came out several weeks before [...]
Mar
InvestmentNews – Behavioral Finance Interview
At Schwab’s IMPACT conference, I was interviewed by InvestmentNews about the challenges facing advisors in [...]
Feb
Decision Quality
We often evaluate the quality of our decisions based on its outcomes. If it was [...]
Feb
Beware of Averages
We use averages often in the business of investing and financial planning. We quote averages [...]
Nov
“Smart Money” Shows It’s Stupidity Again
Ever since I began paying attention to the so called “smart money”, I have been [...]
Oct
Why This Time May Be Worse For Investors (Psychologically)
We are down about 5% from ALL TIME highs. And investors are beginning to get [...]
Aug
I’m Crying for You Argentina
Yesterday, the Argentine stock market, known as the S&P Merval Index, lost over 48% in [...]
Aug
Me, Myself & Market Movements
Last week the Federal Reserve did as everyone was expecting – they cut rates 25bps. [...]
Aug
Our Lives Would Be Better Without Twitter
The virtue of technology is its capability to improve our lives. It can make things [...]
Jul
The Virtue of Note Taking
The other week I spoke at a major broker/dealer conference. I flew in the day [...]
Jun
Just How Strong is the Global Economy?
Much of what I do, both professionally and personally, is guided by, “By their fruits [...]
May
The Power of Pattern Detection
In my course of study on behavioral finance and decision-making, I often learn and think [...]
May
The Illusion of Certainty
Our brain hates uncertainty. Absolutely detests it. Has there been a time when you didn’t [...]
Apr