Human nature doesn't change. We all have our own natural biases which we use to make difficult, if not impossible decisions. We've spent several decades helping investors and advisors understand ways to overcome these biases to avoid doing damage to their long-term financial success.
The best way to overcome our
“Markets can remain irrational longer than you can remain solvent” – John Maynard Keynes
“Quotations fluctuate constantly, reacting often illogically to all sorts of temporary and even trivial influences.” – Benjamin Graham
“The Stock Market is the story of cycles and of the human behavior that is responsible for overreactions in both
The S&P 500 has risen 20% off the lows from last October, leading the financial media to declare a "new bull market". I cringed when the media declared a bear market simply because the market dropped 20% from its high. When the market first crossed the 20% threshold
The stock market is supposed to be "efficient", at least according to academics (and those firms who have bought into this theory). Supposedly, the market (mostly) reflects all known information. In my experience this is not even close to reality. There have been dozens of times where we see a
For those of you who watched the Super Bowl yesterday, especially if you live on the east coast, I will keep this week's entry brief. I will say the same thing I've been saying for at least 20 years – if Congress wants to do something (or the President wants to
