Cognitive Biases Part 2: Anchoring and Recency Bias

Cognitive Biases Part 2: Anchoring and Recency Bias

In my previous post, I began writing about cognitive biases. There are a number of cognitive biases that come into play in investing. The first one we examined in the post here was confirmation bias. This is the tendency to seek out information that confirms our...
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....