A few weeks back, Dr. Richard Thaler won the Nobel Prize in economics for his work on behavioral finance. Anybody associated with SEM the last few years is quite familiar with his work as it along with others in the field has been the major driver behind the re-design of
When evaluating the market, far too often our emotions get in the way of making a clear assessment of what is really happening. The more the market goes up, the more our behavioral biases can cloud our judgement. One of the best ways to overcome our behavioral biases is to
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
― Benjamin Graham, The Intelligent Investor
This weekend while browsing the “Nerd Links” I came across the monthly update on valuations from Advisor Perspectives. I found myself thinking, “what’s the
Market participants have focused so long on what the Fed will or won’t do they seem to have forgotten how to actually analyze investments. Bank of America Merrill Lynch (BAML) CEO Brian Moynihan summed up the current state of the market —
“Where
