The folks behind Spotlight and The Big Short are teaming up to bring us the next Oscar-worthy film about investing: “Hiding Misconduct.” (OK, it’s a snarky joke but it makes the point. Isn’t that the goal of communication?) On a serious note the latest information on misconduct in the financial services industry offers a scathing [...]
We’ve all heard stories so bizarre they must be true. Planning to send your daughter to Penn State? Make sure she doesn’t rent an apartment with more than one friend because in State College, PA any residential housing unit occupied by three or more unrelated females is considered a brothel. Live in NJ and plan [...]
Does size matter? Well, the size of one’s wallet maybe. With Valentine’s Day just around the corner a new survey reveals just what role finances play in the relationships of Americans. For example about 40% of the 2,000 people polled said a person's financial situation is more important than looks. Almost 50% said they wouldn't [...]
Want to make smart financial choices? Then it’s imperative to be mentally strong. A quick reminder on the things mentally strong people do (and don’t) in working towards their goals.
There's too much info and we lack the patience to analyze it. Is it any wonder we often make foolish, impulsive, emotionally-driven decisions?
“If you wait by the river long enough, the bodies of your enemies will float by.” -Sun Tzu The humorously sad side of being in the wealth management business is having listened through the years to the people who want to ignore solid advice and strategies in favor of blindly following the fakakta theories of [...]
“Knowledge does not equal understanding.” “Truth is truth no matter what I think about it.” “You’re looking at the world with a bias whether you think you are or not.” How much of our ‘knowledge’ prevents us from learning new things that might help make better financial decisions? And remember...it’s as easy as riding a [...]
We’re strongly considering adding a new category for blog posts dedicated to the wonderfully naïve Milhouse Van Houten. The goal?...expose the frauds who try to buy us with the BS they sell. You know these folks. People like him and her. Read about it here and here. Here’s an exchange between Milhouse and Bart from [...]
Carl Richard is a believer in The KISS Principle. He spends his time providing financial education by explaining complex strategies and terms using simple, easy to understand diagrams. You can find examples in his weekly “Sketch Guy” column in The New York Times and his book “The Behavior Gap: Simple Ways to Stop Doing Dumb [...]