Rick Kahler writes an interesting post on the psychological aspect of saving for retirement. Although many of us ‘understand’ that we will be unable to work and will need to survive on an income based on what we ‘did’ rather than what we ‘do’, 68% of Americans still have lacked …
Steve Vernon makes a connection between Stieg Larson’s “The Girl with the Dragon Tattoo” and internet fraudsters raiding retirement savings accounts. As Steve points out, it can happen and nothing can be as important as the retirement savings account that is supposed to last you for 30-odd years of retirement. …
Sometimes it seems easier to grasp principles related to behavior and finance when they are illustrated in the context of human behavior. Take the principle of the reference point for instance. It can be difficult to see how our reference point in terms of value or of what a possible gain or loss …
It’s an easy response to read about behavior finance principles e.g. loss aversion, overconfidence etc. and think – “not me, this won’t happen to me.” This post by “Mutter” shows that it can and does happen to us – even to writers of behavioral finance. What is so interesting about …
Mutter from Unexpectedutility.com explores how technology has changed the flow of information in financial worlds. We’ve moved forward from four daily stock quote reports received via telex machine to almost instantaneous tweets. But… Mutter wonders…. has all this extra information made us smarter? Click the link below to find out: …
It appears that this post on UnexpectedUtility may be making reference to a study by Daniel Kahneman and Angus Deaton on income and well-being and happiness. If you are unfamiliar with the study, Carolyn Butler from the Washington Post summarizes is nicely in her article, “Want to be happy? More …
This interesting post by Unwonted Candor delves behind the scenes of some of the big splashy investments that have made the headlines – in 2008 with Warren Buffet’s investment in Goldman Sachs and more recently China’s investment in Northern France. Unwonted Candor points out that large investors such as Buffet …
This is a highlight post by Unwonted Candor on UnexpectedUtility.com If you haven’t read it before, it is well worth re-reading here. Unwonted Candor wonders what would happen if someone invented an ‘investment’ pill – a pill that could counteract investment biases such as loss aversion. The imagined results? They …
Rick Kahler may have hit the nail on the head when it comes to guessing at what could be running through Santa’s head and our own head’s when it comes to holiday gift giving. This humorous post gently raises awareness as to some of the more stress-inducing and monetarily destructive …
By J. In my limited experience of understanding personal biases and inherent behaviors among clients, I have come to the conclusion that planners will never be able to eliminate this deep seeded enemy within our clients. In light of this realization, planners and advisors alike should accept that these internal …
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