I recently began watching HBO's The Wire for the first time. I've been told by many friends that it's a great show. I'm only about half way through season one, so while I can't speak to its quality yet, I do have some thoughts about a quote from the show I came...
"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...
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...
At this point, I'm going to assume you've seen the Youtube video titled, "David After Dentist". The thing was an Internet sensation a few years ago. Towards the end of this hilarious video, David (under the effects of some heavy drugs after a dental procedure) wonders...
Last weekend I enjoyed what many refer to as the "end of summer" here at the Jersey Shore. Despite the fact that Labor Day weekend doesn't even come close to ending this beautiful time of year here in New Jersey, I managed to take away a valuable lesson that applies...
We fear change. It's a fact. Think about the last time Twitter or Facebook updated its app. How many people initially complained about it? I'm guilty of eating the same thing for breakfast every day, scrambled egg whites with assorted vegetables. Don't even think...
If you've ever eaten at a buffet, you probably know what the naive diversification heuristic is without even realizing it. Let me explain. When I visit a buffet, I end up taking a little bit of everything so I don't miss out on the restaurant's best dish. It always...
"It's okay to be wrong, it's not okay to stay wrong". Maybe you've heard some variation of this saying before? It's one of my favorites, as it applies nicely to all facets of life, especially investing. A common reason many of us decide to "stay wrong", rather than...
As humans, we're all affected by different behavioral biases. We often let emotions dictate our actions, which can lead to unfavorable outcomes. These inherent biases make rational investing a difficult task. The endowment effect is one such bias that works against us...
Ben Carlson of A Wealth of Common Sense has this to say regarding the recent Greek drama: "If you’ve been following the Greek saga from the start you begin to realize that even the experts on the situation are pretty much just making it up as they go. How often do the...
