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
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 aloud, “Why is this happening to me? Is this going… [Read More] Is This Going to Be Forever?
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 to the markets. I was… [Read More] Yelling Shark at the Beach
https://media.blubrry.com/invest/p/content.blubrry.com/invest/Don_t_Let_the_Status_Quo_Bias_Stop_You_From_Saving_More_July_2015_Podcast.mp3Subscribe: Android | RSSWe 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 about recommending cereal to me. We are creatures… [Read More] Don’t Let the Status Quo Bias Stop You From Saving More
https://media.blubrry.com/invest/p/content.blubrry.com/invest/Naive_Diversification_in_401k_s.mp3Subscribe: Android | RSSIf 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 seems like a… [Read More] The Naive Diversification Heuristic in 401k’s
https://media.blubrry.com/invest/p/content.blubrry.com/invest/The_Sunk_Cost_Fallacy_July_2015_Podcast.mp3Subscribe: Android | RSS“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 change, is the sunk… [Read More] The Sunk Cost Fallacy: Keeping You Wrong