My brother showed me this question and answer from Tony Horton’s Instagram account the other day. Tim, Casey, and I love doing Horton’s P90x workouts, but whether you like them or not there’s an underlying message here: stop believing there’s a quick and easy way to achieve your goals, face reality, and start putting in the… [Read More] Sabotaging Investment Myths
We believe that an investor's behavior can seriously impact their market returns. This category page is dedicated to informing our readers of certain behaviors that are known to damage investor's returns over time. We also discuss strategies to avoiding these damaging behaviors.
“If we compared average rainfall in the month preceding and the month following the performance of the Hopi rain dance, we would find more rain in the period after. The dance is not performed unless there is a drought(…). Nevertheless, this ’slump-ending’ effect may help to account for the tenacity of belief in the effectiveness… [Read More] Fire the Manager!
One of the biggest reasons people invest is because they want to have enough money to live on later in life. They understand that even modest inflation deteriorates the value of their current dollars over the course of time. In order to at least keep up with inflation, money gets put into an investment portfolio. Sometimes… [Read More] Be Uncomfortable While You Can Afford It
2:03 – Is there too much risk in the market to be invested? You Have to Invest Click here for the transcription of this video
A common tool featured on some fantasy sports websites I use allows you to toggle between players stats on a weekly, monthly, or season to date basis. However, the best (and most useful) comparison, in my opinion, also allows you to look at a player’s stats when he was actually in your lineup. After all,… [Read More] Nudging the Behavior Gap Away
I’d like to follow up two great, baseball-related posts from the team here at Mullooly Asset with another. If you haven’t read Tom or Casey’s posts find them here and here. Specifically, Tom talks about learning a lot about investor behavior by paying attention to team owners in fantasy baseball leagues. I’d like to touch… [Read More] Value and Momentum in Fantasyland