Really enjoyed this graphic: So many applications to life. Knowing what we know, knowing what we don't and knowing there's so much more to learn. It's so important to know where we stand. We are what we are...not what we think we are.
We thoroughly enjoyed this piece by Morgan Housel. Highlighted are some of our favorite passages. Patience is indeed a virtue!
Oh to be a talking head. Get paid to say a bunch of stuff and not have to be accountable. What a life! Year after year dope after dope heaps BS upon BS. We should ignore it but we don’t. We are our own worst enemies. (Go here and here to find out why.) With [...]
The amount of informational junk floating about is astronomical – content for the sake of content as we like to call it. The explosion began with 24-hour news channels. The low barriers to entry of Twitter, podcasts and the like have taken it to a new level. It’s created what we’ve often called an inverse [...]
Really enjoyed this Vox article about the fallacy of willpower. So many applications. From a financial planning perspective items #1 and #2 in the “what we can learn from people who are good at self-control” section hit close to home – the former b/c we’ve found clients that make choices as opposed to being forced [...]
Behavioral psychologists know humans are OK being ignorant – we just hate being deprived of information. Big Media uses this to drive clicks and ratings. Which of the following headlines will make you want to read more? Woman loses 10 lbs by making this small change to her daily routine. Woman loses 10 lbs by [...]
Ostensibly written to explain economic events this article is one of the best you’ll ever read. Understanding what we tell ourselves and why is the first step down a path of better life decisions.
Should a financial relationship be about doing what’s right or feeling good? The former, right? Not so fast. A survey by index zealots DFA found the #1 thing valued in receiving financial guidance is a “sense of security / peace of mind.” Not that that’s a bad thing of course but at 35% of respondents [...]
As summer wanes and we power towards Labor Day we’re left with a couple of realities: the days are hot the news cycle is slow Hot days find us seeking A/C and a cool drink. Slow news cycles make us overreact as the insignificant suddenly seems anything but. Lately we’ve been bombarded with the usual. [...]
Telephone. A game many of us played when we were kids. The message starts out as “today is my birthday” and by the time it is communicated to the last in line ends up as “purple monkey dishwasher.” It’s a comical game when we’re children but, as adults, we find the wide chasm between sender [...]