How often do our brains make connections that don’t exist? More often than we think. A happened and then B happened so A caused B. Really? Hmmm... Correlation (no matter how weak/strong) and causation are two incredibly different things. Confusing the two often leads to poor decision making and erroneous conclusions. Sometimes the outcome is [...]
With the move to $0 commissions by the major brokerage firms a new light has been shined on the practice of selling order flow. Just what is it and why is it as good/bad as you’ve heard? Let’s peal back the layers of the onion and find out.
Now that the noise has died down (a bit) we've opted to say a few words.
The year was 1994: The Shawshank Redemption, Pulp Fiction, The Lion King and Forrest Gump were some of the top grossing films. ER and Friends debuted making Thursday night “must see TV” on NBC. Yahoo and Amazon were launched. Richard Nixon died. Kurt Cobain committed suicide. O.J. Simpson was arrested and charged with murder. Major [...]
Do you consider yourself calm and rational? Cool under pressure? Master of your domain? Think again. According to Harvard professor Gerald Zaltman we make 95% of our decisions emotionally and subconsciously. It’s after we’ve made decisions that we try to rationalize them with logic. Luxury goods are a prime example. The manufacturers of luxury goods [...]
Imitation is the sincerest form of flattery. Nice quote. Here it is in full: Imitation is the sincerest form of flattery that mediocrity can pay to greatness. Oscar Wilde I’m not about to suggest that I’m great or that Apollo clients are mediocre. I will admit, however, that it’s flattering when clients use my quotes. [...]
Ah, academia. The proverbial ivory tower. Many are flush with assets – donations, research grants, sports revenues, etc. Are they good stewards of their capital? Do they effectively leverage their knowledge to achieve superior returns? Over the past ten years not one of the 149 institutions surveyed including the wicked smaht Harvard and MIT [...]
Truth is beautiful, without doubt; but so are lies. - Ralph Waldo Emerson Hmmm. OK. So there's beauty in truth. But how to tell the truth from the lies? You're going to find that many of the truths we cling to depend greatly on our own point of view. - Obi-Wan Kenobi So what's your [...]
Join host Mike Norton of the Harvard Business School and economist Allison Schrager as they explore the many forces that influence our relationships with money. Episode #1 - Is it Logical to be Irrational About Money?: Why do our brains seem hard-wired to skew our decisions and lead us astray? Host Mike Norton explores how [...]