Know Thyself, Then Plan

Know Thyself, Then Plan

When I first began working as a financial advisor, I was convinced the correct answers were in the numbers. Put together a plan, determine a savings rate, hang on through the ups and downs of the market and voila – success! I was as naive as those economists who...
Advice from a Recovering Know-it-All

Advice from a Recovering Know-it-All

Years ago, my girlfriend – and now wife – pointed out that from time-to-time, I could come across as a bit of a know-it-all. I asked for a few examples which she had helpfully cataloged, and from that point forward I worked on *not* coming across that way....
February 2011 Newsletter

February 2011 Newsletter

As is our custom, the February newsletter contains a column on what you need to prepare for tax season. If we can be of help gathering necessary information or sending anything directly to your accountant, just let us know. The lead column continues with the series on...

December 2010 Newsletter

Yet another year is just about in the books. For those of us in the wealth management industry, it’s tough to find serious fault with 2010. Potential threats that could have derailed the recovery failed to materialize, and with just a few days left in the year,...

November 2010 Newsletter

For this month’s newsletter, we return to the topic of cognitive biases, which are mental shortcuts we take that can lead us astray. In the first article below, we examine anchoring and recency bias, two biases that are frequently found among investors. Our...

September 2010 Newsletter

Work always tends to slow a bit during the summer, which provides both time to catch up and to relax. Jennifer and I just got back from a few days of vacation, and the smaller crowds there made it clear that the end of summer is just around the corner and once Labor...

August 2010 Newsletter

As you might imagine, even though we’re long-term investors here at Minerva, it’s difficult to avoid following the market on a day-to-day basis. One thing that’s been striking of late, as well as for significant periods over the last few years has...