| Let's get happy |
| 06/22/25 | | Behaviour |
"Want to make sure you're among the 'very happy' group? There is, alas, no way to guarantee that. Still, the happiness research conducted by economists and psychologists can help us better understand why we're happy or unhappy - and it offers some insights into how we might improve our outlook."
|
| The alpha model of Theseus |
| 06/16/25 | | Behaviour |
"To be human is to constantly choose between old and new. Should you listen to your favorite playlist or try some new music? Keep your current phone or update to the latest model? It's a tough call. On the one hand, individuals often exhibit conservativism and react too slowly to new information, a fact which plays an important role in some theories of behavioral finance. On the other, Warren Buffett has achieved great success using steadfast adherence to a few simple principles, and I doubt he listens to a lot of new music."
|
| Uncertainty |
| 06/16/25 | | Behaviour |
"The key message I want to convey is this: When you spot an opportunity, don't let uncertainty paralyze decision-making. That's the inability to take action when a big fat pitch comes at you. You must be prepared to strike when an opportunity arises. If you wait for perfect conditions, opportunities will have skate right past you. It will be too late."
|
| Very bad advice |
| 06/16/25 | | Behaviour |
"A boy once asked Charlie Munger, 'What advice do you have for someone like me to succeed in life?' Munger replied: 'Don't do cocaine. Don't race trains to the track. And avoid all AIDS situations.'"
|
| The lowest risk-free rate |
| 06/02/25 | | Behaviour |
"What is the lowest risk-free, after-tax, after-inflation rate of return you would accept in order to forgo all other investment opportunities for the rest of your life?"
|
| A price on mental freedom |
| 05/20/25 | | Behaviour |
"Today, I don't make active investments because you can't put a price on mental freedom. What I've realized about myself (and many others I've spoken to) is that when you buy an active investment like an individual stock, that investment consumes a lot of your attention."
|
| Housel on the decline |
| 04/13/25 | | Behaviour |
"Napoleon's definition of a military genius was quote, the man who can do the average thing when everyone else around him is losing his mind. I'm gonna repeat that because it is such a ridiculously good quote. A military genius is the man who can do the average thing when everyone else around him is losing his mind. It is the exact same in investing to be a good investor over time. You don't need to make a lot of genius decisions. You just need to be merely average when everyone else is making bad decisions, as many people are."
|
| Don't push it |
| 04/13/25 | | Behaviour |
"We can control how much risk we take, the investment costs we incur, and our own buying and selling. But we can't control the behavior of other investors, as reflected in ever-fluctuating stock and bond prices."
|
| The Squid Game market |
| 03/15/25 | | Behaviour |
"I view Korean retail investors today as similar to Robinhood investors in 2021. While quantitatively insignificant relative to the whole stock market, in narrow areas they are a danger to themselves and possibly to others. And even if they don't impact prices, they might provide useful contrarian signals."
|
| Four thoughts |
| 03/01/25 | | Behaviour |
"The unfortunate reality is, we'll never stop worrying. But perhaps we can at least deal with our big fears, so our stress level isn't quite so high, and sweat less over the small stuff. No, it doesn't much matter whether we rebalance every year or every two years, or whether we have 75% in stocks rather than 70%, or whether our credit card pays 2% cash back on restaurant spending instead of 1.5%."
|
| Why higher egg prices are painful |
| 02/23/25 | | Behaviour |
"Since 1947, the price of eggs has grown at an annual rate of 2.4%, more than one percent lower than the overall annual inflation rate of 3.5%. But over the last five years egg prices have gone up an en extraordinary 15.5% versus the overall inflation rate of 4.1%. Egg prices have more or less doubled in the past year."
|
| Never enough |
| 02/15/25 | | Behaviour |
"Accepting that we have enough and done enough might seem like worthy goals, a serene acceptance that's possible for those at peace with themselves and the world around them. Indeed, for many, “retirement” and “enough” seem to be pretty much synonymous, a declaration that the pursuit of “more” is over. But that isn't where my head is. Even now, I'm not sure I'll ever declare “I'm done,” which is weird, because I sure don't have the time to do much about it."
|
| Don't freak out |
| 02/10/25 | | Behaviour |
"If social media sentiment translated into market moves we would have seen a 1987-like crash on Monday. You had crypto prices crashing, equity futures falling, currencies moving and tons of speculation on what it all means. I don't know what it all means. No one does because we have no idea how long these tariffs will last or how punitive they will be. Investing would be a lot easier if there were no uncertainty."
|
| Taking it personally |
| 02/10/25 | | Behaviour |
"Today's discussions of risk are more nuanced, reflecting an awareness that the danger from misfortune is matched by the damage that can be done by our own behavior. Consider the typical stock-market cycle. Thanks to research by behavioral-finance experts, we now have a pretty good idea of how investors' thinking changes along with the market."
|
| The inflation gamble |
| 02/01/25 | | Behaviour |
"we find that high inflation lowers risk aversion, strengthens skewness preference, and increases demand for investments that resemble lotteries. Due to increased gambling demand, lottery-type stocks become more overpriced and earn lower returns in the future. This negative relation is stronger for lottery-type stocks that have greater sensitivity to inflation and are harder to arbitrage."
|
| Taking center stage |
| 01/27/25 | | Behaviour |
"It's the one asset we're all born with, and it pretty much defines our financial life. I'm talking here about our human capital, our ability to pull in a paycheck. That paycheck - or the lack thereof - drives our ability to save, service debt and take investment risk. It also dictates our insurance needs and how much emergency money we should hold. Put it all together, and our human capital should arguably determine how we manage our money over our lifetime."
|
| Seven pillars of market bubbles |
| 01/13/25 | | Behaviour |
"Charles Mackay wrote the lurid bestseller Extraordinary Popular Delusions and the Madness of Crowds, which discussed many historical bubbles. Despite publishing his book in 1841 decrying bubbles, in 1845 Mackay himself was caught up in the British railway bubble and advocated buying shares."
|
| Why we struggle |
| 01/05/25 | | Behaviour |
"Why do some financial situations scare us, while others leave us unperturbed? Why do we spend time and money in ways we later regret? Why do we find our bad habits so difficult to change? Why do we admire some folks, while being jealous of others?"
|
| Self defense |
| 01/05/25 | | Behaviour |
"Using the 4% rule as a benchmark for a reasonable portfolio spending rate, Blanchett found that retirees spend, on average, just 2.1%. The upshot: They could afford to double their spending without materially jeopardizing their plans."
|
| Ignorance of the crowd |
| 12/28/24 | | Behaviour |
"But, there have also been moments where the crowd failed me. And every time this happened, the reason was the same - the crowd did not have sufficient expertise. They simply didn't know enough about the topic at hand."
|
| Do As I Say, Not As I Did |
| 12/22/24 | | Behaviour |
"So you can't assume that someone's current habits are responsible for their current place in life. It was their prior habits, which are likely unknown to you, that got them where they are today."
|
| A few questions |
| 12/22/24 | | Behaviour |
A few questions relevant to everyone that apply to lots of things
|
| Pick Your Peril |
| 12/07/24 | | Behaviour |
"We all have a different collection of financial worries, and that drives the investments we buy and the insurance we purchase."
|
| Remember, remember |
| 11/10/24 | | Behaviour |
"Because no matter what we do, we can't help remembering past experiences with specific stocks or funds. I know every time I am analysing a stock that I previously owned I involuntarily think of whether that stock has made me money in the past or not. And guess what, this skews my investment decision."
|
| No perfect answers |
| 11/10/24 | | Behaviour |
"I find Munger's comment instructive. It illustrates a reality about personal finance: that the notion of a perfectly optimal answer to any financial question is just that - a notion. Similarly, relying solely on a calculator to make financial decisions rarely results in the best answer."
|
| Nostalgia |
| 10/21/24 | | Behaviour |
"I was recently asked at a conference how investors should feel about the stock market given that it's basically gone straight up over the last 15 years. My first thought was: you're right. If you started investing 15 years ago and checked your account for the first time, you would gasp. You've made a fortune. Then I thought, wait a minute. Straight up for the last 15 years? To echo my wife: What are you talking about?"
|
| Sticking with stocks |
| 10/13/24 | | Behaviour |
"Do the math, and you'll likely find stocks are a small part of your overall wealth, and hence any market slump would put only a modest dent in how much you're worth."
|
| Do it your way |
| 10/07/24 | | Behaviour |
"It's possible to be humble and learn from other people while also recognizing that the best strategy for you is the one closest aligned with your unique personality and skills."
|
| Never quite enough |
| 09/21/24 | | Behaviour |
"This striving is truly never ending. Like everybody else, I'm running on the hedonic treadmill, figuring happiness is just one accomplishment away, only to discover I never quite reach the finish line."
|
| Are we now too impatient to be intelligent? |
| 08/28/24 | | Behaviour |
"Rory explains how we weight information that appears quickly over knowledge that really matters." [video]
|
| A cautionary tale of forecasting |
| 08/25/24 | | Behaviour |
"Fisher lost everything and never recovered. The belief that he could predict the future, combined with massive margin debt, was his downfall."
|
| Stop paying attention |
| 08/25/24 | | Behaviour |
"For the majority of investors - those who invest over the long-term for profits, dividends and coupons - there is no need to have six screens providing a plethora of real time financial market information, knowing what equity markets did yesterday is an irrelevance and it is okay to ignore the latest hot topic."
|
| Forecasts |
| 08/24/24 | | Behaviour |
"Every forecast takes a number from today and multiplies it by a story about tomorrow."
|
| A few little ideas |
| 08/10/24 | | Behaviour |
"It's almost impossible to charge for something once you've given it away for free, so choose your business model carefully. And people are extremely sensitive to even reasonable price changes, which is why inflation is always an emotional issue."
|
| Marshmallow test is not predictive |
| 08/04/24 | | Behaviour |
"Results indicate that Marshmallow Test performance does not reliably predict adult outcomes."
|
| Don't take the last dollar |
| 07/21/24 | | Behaviour |
"Ultimately, the best way to negotiate is to not take the last dollar. It's to always negotiate as if you're playing an infinite game. Of course, no game is truly infinite. But, you should act as if it is in almost all cases. Even when you know that an infinite game is ending (i.e. becoming finite), you should still pretend its infinite. Why? Because how you behave in those situations will follow you. It's your reputation you have to worry about. And your reputation is an infinite game. It lives on even after you're gone."
|
| Overconfidence and emergency planning |
| 07/21/24 | | Behaviour |
"The median subjective emergency fund ratio is 1.4, indicating that most respondents perceive their emergency funds to cover only 1.4 months of expenses. Only 28% of respondents perceive that they need at least three months of emergency funds. Overconfident respondents perceive a significantly lower emergency fund ratio compared to those with appropriately high financial knowledge. The overconfident group reported their emergency needs to be 21.4% lower than those with higher objective and subjective financial knowledge."
|
| The risks we miss |
| 07/14/24 | | Behaviour |
"I've long argued that, to build wealth, we should avoid chasing investment performance and instead focus on three less-exciting endeavors: saving diligently, keeping a tight lid on investment and other costs, and managing risk."
|
| A balance of regrets |
| 07/14/24 | | Behaviour |
"The bad news about diversification is that regret is a constant problem. The good news is that by spreading your bets, you avoid taking that regret to the extreme."
|
| Investors should expect the worst |
| 06/29/24 | | Behaviour |
"Although I am averse to making financial market forecasts, I can say with some level of confidence that over any long-run horizon most investors will have to encounter painful periods of losses in equity markets. Some seem unaware of this (or at least behave as if they are) while others spend most of their time attempting to predict when such phases will occur. Neither of these will lead to good outcomes."
|
| Permission and trust climb in value |
| 06/22/24 | | Behaviour |
"Open systems come with the requirement of self-restraint and humanity. When we replace those with automated stealers of attention with a profit margin, the system can no longer remain open."
|
| Useful and overlooked skills |
| 06/15/24 | | Behaviour |
"There's a useful and overlooked skill: Accepting a certain degree of hassle and nonsense when reality demands it."
|
| Lazy work, good work |
| 06/01/24 | | Behaviour |
"Here's a problem we don't think about enough: Even as more professions look like Rockefeller's - thought jobs that require quiet time to think a problem through - we're stuck in the old world where a good employee is expected to labor, visibly and without interruption."
|
| On the legacy of Danny Kahneman |
| 06/01/24 | | Behaviour |
"Importantly, Danny Kahneman himself, the one who identified many of the behavioral biases affecting us in the first place, states that awareness of the bias doesn't prevent even him from making the same behavioral mistakes that humans are apt to make."
|
| Seinfeld on money |
| 05/18/24 | | Behaviour |
"That money became everything. What happened because it was not like that in the seventies. In the seventies, it's how cool is your job? How cool is what you're doing? If your job's cooler than my job, you beat me."
|
| Bad financial decisions |
| 04/28/24 | | Behaviour |
"After running the numbers, I've come to realize that foregoing lottery tickets isn't enough to move the needle for the average American."
|
| Lucky vs. repeatable |
| 04/14/24 | | Behaviour |
"In business and investing, you want to learn the big lessons about why things behave the way they do without assuming the past is a direct guide to the future, because it's not - most of the details are not repeatable."
|
| Keep your investment plan on track |
| 02/03/24 | | Behaviour |
"When you don't watch the market every day, you can finally see with unquestionable clarity that what you would have expected to happen didn't. The unexpected did."
|
| Happiness research |
| 02/03/24 | | Behaviour |
"From meditation to smiling, researchers take a second look at studies claiming to reveal what makes us happy."
|
| All work and no play |
| 12/23/23 | | Behaviour |
"A decade ago, a team of researchers led by the psychology professor Terry Hartig examined the effect of vacation on people's demand for antidepressants " but they took an unusual approach. As well as asking whether taking a vacation made people feel less in need of antidepressant medication " it does " they also found that the more people were on holiday simultaneously, the happier everyone was."
|
| Respecting delusions |
| 12/23/23 | | Behaviour |
"Learn enough from history to bear reality patiently, and respect one another's delusions."
|
| When you start |
| 11/26/23 | | Behaviour |
"investors who opened accounts during a boom retain significantly higher equity allocations even decades later. The median investor who started out in 1999, as the dotcom bubble swelled, still held 86% of their portfolio in stocks in 2022. For those who began in 2004, when memories of the bubble bursting were still fresh, the equivalent figure was just 72%."
|
| Taking charge |
| 10/22/23 | | Behaviour |
"I understand such handwringing, but I'm not inclined to join in. I've spent my entire life hearing that things have never been worse - and yet somehow they keep getting better."
|
| Superlinear returns |
| 10/21/23 | | Behaviour |
"Teachers and coaches implicitly told us the returns were linear. "You get out," I heard a thousand times, "what you put in." They meant well, but this is rarely true. If your product is only half as good as your competitor's, you don't get half as many customers. You get no customers, and you go out of business."
|
| Avoid stress |
| 10/14/23 | | Behaviour |
"Everyone who has ever invested money knows that financial markets can induce stress. Nobody likes to see their investments make losses but when they do, the pressure builds to recover these losses. But does this stress change investment behaviour? I don't think that any reader will be surprised when I say that the answer is yes."
|
| Between bold and reckless |
| 10/07/23 | | Behaviour |
"If success requires taking risk that could easily turn into failure, and the line between the two is nearly invisible in real time, I want to learn from people who accidentally stepped over the line and lived to tell the tale. Companies that survived deep recessions. Investors who survived bear markets. Products that flopped, were redesigned, and then worked."
|
| House of cards |
| 10/07/23 | | Behaviour |
"what intrigues me is why people end up with horrifying card balances. On the way to five-figure or six-figure card debt, you have to imagine there's a moment or two when cardholders think, 'Maybe this is getting out of control. Maybe it's time to stop spending.' And yet they don't."
|
| Fabricating data |
| 10/01/23 | | Behaviour |
"there are two different people independently faking data on the same paper. And it's a paper about dishonesty."
|
| Stories vs. intelligence |
| 09/10/23 | | Behaviour |
"Stories are indispensable, nourishing and delightful. They are also attacks on the rational immune system."
|
| Be suspicious of stories |
| 09/10/23 | | Behaviour |
"Tyler Cowen talks about stories" [video]
|
| Respect and admiration |
| 09/10/23 | | Behaviour |
"Virtually no one in this exercise would think about their obituary mentioning how much horsepower their car has, how many square feet their home is, or how much they spent on jewelry and clothes."
|
| How to decide |
| 09/03/23 | | Behaviour |
"To make sound judgments, some amount of information is necessary. But beyond a certain point, gathering more data doesn't always lead to better decisions. In fact, it can lead to worse results."
|
| Big decisions |
| 08/20/23 | | Behaviour |
"Biographer Alice Schroeder writes that, above all, Buffett's motivation for buying more of the company's stock was to stick it to the CEO who tried to screw him out of twelve cents per share."
|
| Courage required |
| 07/23/23 | | Behaviour |
"Do not underestimate the courage it takes to hold stocks during the worst of times, let alone to purchase more. Holding and buying assets that everyone else is running from takes more fortitude than many investors can manage."
|
| Rich and anonymous |
| 07/23/23 | | Behaviour |
"They figured out what so many other people fail to recognize: The way you maximize enjoying your money is by eliminating social debt. They had total freedom, privacy, and independence."
|
| Investment junk food |
| 05/28/23 | | Behaviour |
"Easy and instant access to information is often framed as a major advantage to present day investors compared to their predecessors, but if anything we suffer from a profound information disadvantage. The benefit of improved knowledge is easily overwhelmed by the behavioural challenge of dealing with an incessant torrent of noise. Much of what investors consume is little more than investment junk food, tempting us into decisions that feel good in the moment but come with a material long-term cost."
|
| Outperformance, please |
| 05/21/23 | | Behaviour |
"What's the difference between fund 1 and fund 2 that makes fund 2 so much more attractive? I can tell you it isn't the return because the two funds are designed to have exactly the same return. The key difference between fund 1 and fund 2 is that fund 1 is a frequent underperformer that sometimes has a large outperformance, while fund 2 is a frequent outperformer but sometimes suffers large underperformance."
|
| Physical finance |
| 05/14/23 | | Behaviour |
"I have to say I remain a bit skeptical"
|
| Financial freedom |
| 05/07/23 | | Behaviour |
"Financial freedom isn't a seven- or eight-figure portfolio balance. Instead, it's knowing we have enough to pay for the life we want. It's the ability to enjoy two great luxuries - spending our time as we wish and not having to think about money."
|
| Memory and probability |
| 04/02/23 | | Behaviour |
"Behavioral economists connect the way our memory works to how we make probability judgments"
|
| No satisfaction |
| 03/25/23 | | Behaviour |
"But here's what I found most intriguing: While the authors found that more money typically boosts happiness, they also observe the relationship between income and happiness 'is weak, even if statistically robust.' In fact, they go on to note that 'the difference between the medians of happiness at household incomes of $15,000 and $250,000 is about five points on a 100-point scale.'"
|
| Spendthrift propaganda |
| 03/05/23 | | Behaviour |
"My purpose in touching on the lives of these two women is to point out that they never enjoyed spending their wealth." Boo!
|
| Getting vs. staying wealthy |
| 12/04/22 | | Behaviour |
"Good investing is not necessarily about making good decisions. It's about consistently not screwing up."
|
| How the wealthy invest |
| 11/13/22 | | Behaviour |
"If we can learn anything from how the wealthy invest, it's that they do it in a lot of different ways. Some of them own stocks, bonds, and real estate, while others utilize a wide range of alternatives. And though the data shows that wealthier people tend to own more alternatives, this doesn't mean that they've abandoned traditional asset classes. Try not to forget that the wealthiest 10% of Americans own nearly 90% of all U.S. stocks"
|
| Before jumping |
| 11/12/22 | | Behaviour |
"If you've learned in 2022 that your risk tolerance is far lower than you imagined, try mightily to hang tough until the stock and bond markets recover."
|
| Telling tales |
| 10/23/22 | | Behaviour |
"Accepting new ideas is often difficult, but it can be especially hard when there's no precedent. In managing our personal finances, we can't plan for everything, but it's important not to dismiss possibilities just because they seem improbable."
|
| Hold opinions loosely |
| 10/16/22 | | Behaviour |
"If it's difficult to know where any one company is going, it's even more difficult to know where the overall economy is headed. We've seen this in living color over the past few years. At least five events couldn't possibly have been predicted, no matter how much research an investor had done."
|
| MBAs vs billionaires |
| 09/24/22 | | Behaviour |
"Let's assume, just for the sake of argument, that MBAs want to get rich. Let's also assume that, in figuring out how to get rich, they should probably look at how the richest people in the country - the billionaires - made their fortunes. If we're right in that second assumption, then MBAs are not making optimal career decisions."
|
| The impact of uncertainty on behaviour |
| 09/04/22 | | Behaviour |
"Unfortunately, for those investors who sell and get out of the market 'just until things become clear again' (investors begin to treat equity investing again as risk instead of uncertainty), there is never an 'all clear' signal that will let them know it is safe to buy again."
|
| Choosing happiness |
| 09/04/22 | | Behaviour |
"It strikes me that hedonic happiness usually comes with a higher price tag, while eudaimonic happiness involves a greater investment of time. If we go to a lavish restaurant, we'll get hedonic happiness - and a big bill at the end. But if we decide to learn the piano, we may enjoy long-lasting eudaimonic happiness, but the cost will be a hefty commitment of time."
|
| Getting to happy |
| 08/07/22 | | Behaviour |
"If you have some wealth, how can you use it to maximum advantage and avoid the kind of heartache experienced by the Vanderbilts, the du Ponts and others?"
|
| The pitfalls of analysis paralysis |
| 08/01/22 | | Behaviour |
"When making decisions, we spend too much time choosing between options with roughly equal utility."
|
| A tale of three acquisitions |
| 07/24/22 | | Behaviour |
"The right culture, the highest and best culture, is a seamless web of deserved trust. Not much procedure, just totally reliable people correctly trusting one another."
|
| Little ways |
| 07/22/22 | | Behaviour |
"If you find something that is true in more than one field, you.ve probably uncovered something particularly important. The more fields it shows up in, the more likely it is to be a fundamental and recurring driver of how the world works."
|
| Wealthy vs. wealthier |
| 07/10/22 | | Behaviour |
"I think for a lot of people the process of becoming wealthier feels better than having wealth."
|
| Think outside the portfolio |
| 06/24/22 | | Behaviour |
"Following a year of high inflation, U.S. bonds significantly underperformed over the next three years when compared to their median performance in all other three year periods"
|
| Trying too hard |
| 05/23/22 | | Behaviour |
"A truth that applies to almost every field is that it's possible to try too hard, and when doing so you can get worse results than those who knew less, cared less, and put in less effort than you did."
|
| Loss aversion across the ages |
| 04/24/22 | | Behaviour |
"Younger people aged 18 to 24 exhibit a loss aversion coefficient somewhere between 3 and 4 as do people aged 65 and over. But people in the midst of their working lives (aged 35 to 54) tend to have much lower loss aversion, somewhere between 1 and 2."
|
| Sick and tired |
| 04/24/22 | | Behaviour |
"More money, it seems, hasn't bought happiness. One reason: We care less about our absolute standard of living, and more about how our financial lot in life compares to that of others."
|
| The mullet discount |
| 04/10/22 | | Behaviour |
"Our main concern with TSYS wasn't its business or financials - it was its valuation. We couldn't understand why it sold at such an attractive valuation. And then it hit me while listening to one of their quarterly conference calls. TSYS suffered from the mullet discount"
|
| Managing money and marriage |
| 04/10/22 | | Behaviour |
"If you want to maximize your chances of happiness and togetherness, merge your finances. That's the upshot of a paper recently published in the Journal of Personality and Social Psychology, which found that joint financial resources are more likely to lead to greater relationship stability."
|
| Preserve your mental capital |
| 03/20/22 | | Behaviour |
"if you need to withdraw $50,000 per year, I'd suggest maintaining a minimum $250,000 to $350,000 outside of stocks at all times."
|
| In case you're wrong |
| 03/19/22 | | Behaviour |
"Because of this association with Graham and Klarman, the notion of margin of safety is seen mostly as a concept within the limited domain of investment analysis - and, even more narrowly, within the domain of value investing. It is, however, an idea that I think is more broadly applicable within personal finance."
|
| Low expectations |
| 03/19/22 | | Behaviour |
"The first rule of a happy life is low expectations. If you have unrealistic expectations you're going to be miserable your whole life. You want to have reasonable expectations and take life's results good and bad as they happen with a certain amount of stoicism."
|
| Death of the marshmallow test |
| 02/21/22 | | Behaviour |
"Following the Bing children into their 40s, the new study finds that kids who quickly gave in to the marshmallow temptation are generally no more or less financially secure, educated or physically healthy than their more patient peers. The amount of time the child waited to eat the treat failed to forecast roughly a dozen adult outcomes the researchers tested, including net worth, social standing, high interest-rate debt, diet and exercise habits, smoking, procrastination tendencies and preventative dental care, according to the study published in the Journal of Economic Behavior and Organization."
|
| 7 habits that lead to happiness in old age |
| 02/20/22 | | Behaviour |
"Happiness tends to decline throughout young adulthood and middle age, bottoming out at about age 50. After that, it heads back up again into one's mid-60s. Then something strange happens. Older people split into two groups as they get old: those getting much happier, and those getting much unhappier."
|
| Assured misery |
| 12/05/21 | | Behaviour |
"So you can move the needle a lot by focusing on what not to do in life."
|
| An odd side quest |
| 11/21/21 | | Behaviour |
"You can tell when someone knows their main quest because of the way they carry themselves. The way they use their time. The arguments they stay out of. The long stretches during which you have no idea where they are or what they're up to."
|
| When cash is king |
| 11/14/21 | | Behaviour |
"for ordinary investors, the moral is clear: To prosper, one needs industrial quantities of patience, cash and courage - in that order."
|
| Investing lessons from the stoics |
| 11/14/21 | | Behaviour |
"A central concept of stoic philosophy is negative visualisation. By regularly reflecting on what could go wrong - losing your job, getting ill, even death - you will be more prepared for bad outcomes. Negative visualisation is equally powerful in business and investing."
|
| Never too late |
| 10/24/21 | | Behaviour |
"Maybe you have been procrastinating on something that you know deep down you need to change. Maybe you haven't had the courage to take the next step. But I'm telling you, that you can change whether you believe it or not."
|
| The new fear and greed |
| 10/24/21 | | Behaviour |
"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
|
| Dangerous feelings |
| 10/03/21 | | Behaviour |
"I sat down at my fancy desk on the edge of my chair waiting for the market to open, ready to have another $50,000 day, and thinking life couldn't get any better than this. This time, I was right. It didn't."
|
| Hold my beer |
| 09/24/21 | | Behaviour |
"giving a CEO a lot of liquidity to spend on M&A is like giving a drunk a barrel of beer. You know exactly what is going to happen, you just don't know which wall he is going to hit."
|
| Betting big and losing it all |
| 09/19/21 | | Behaviour |
"So many of the people we celebrate today for being geniuses are the result of some combination of hard work, intelligence, luck and survivorship bias."
|
| Fake honesty |
| 08/21/21 | | Behaviour |
"A landmark study that endorsed a simple way to curb cheating is going to be retracted nearly a decade later after a group of scientists found that it relied on faked data."
|
| Forms of wealth |
| 08/08/21 | | Behaviour |
"Desiring money beyond what you need to be happy is just an accounting hobby."
|
| Too smart |
| 07/19/21 | | Behaviour |
"Ninety percent of personal finance is just spend less than you make, diversify, and be patient. But if you're very intelligent that bores you to tears and feels like a waste of your potential. You want to spend your time on the 10% that's mentally stimulating."
|
| Humility |
| 07/19/21 | | Behaviour |
"Living in reality is a key to happiness. Delay gratification, have a buffer, and invest for the future. What could be simpler?"
|
| Harder than it looks |
| 06/20/21 | | Behaviour |
"The more we describe successful people as having guru-like powers, the more everyone else looks at them and says, 'I could never do that.' Which is unfortunate, because more people would be willing to try if they knew that those they admire are probably normal people who played the odds right."
|
| Getting the goalpost to stop moving |
| 06/13/21 | | Behaviour |
"So having some ability to deny an extra dollar of work, or a potential opportunity, a bigger house or a nicer car, is essential if you want to use money to make a better life."
|
| Robert Cialdini interview |
| 06/13/21 | | Behaviour |
"How rational are humans? Do we default to truth and naturally believe what people tell us? Are we natural-born skeptics or natural-born sheep?" [video]
|
| How to do long term |
| 05/30/21 | | Behaviour |
"Long-term thinking is easier to believe in than accomplish. Most people know it's the right strategy in investing, careers, relationships - anything that compounds. But saying 'I'm in it for the long run' is a bit like standing at the base of Mt. Everest, pointing to the top, and saying, 'That's where I'm heading.' Well, that's nice. Now comes the test."
|
| Sleeping with cash |
| 05/16/21 | | Behaviour |
"What I've found, as far as my portfolio goes, is that the necessary prerequisite for a good night's sleep is one thing above all else: an oversized cash reserve. By that, I mean a cash hoard that can handle not only the most likely contingencies, but also unexpected ones - and then some. I typically keep enough cash to finance our normal expenditures for at least six years."
|
| They get fired all the time |
| 05/09/21 | | Behaviour |
"Pop culture lionizes the dazzling brilliance of money managers on the autism spectrum. Reality rarely measures up."
|
| Performance pay and drug use |
| 05/09/21 | | Behaviour |
"Using US panel data on young workers, we demonstrate that those who receive performance pay are more likely to consume alcohol and illicit drugs. Recognizing that this likely reflects worker sorting, we first control for risk, ability, and personality proxies. We further mitigate sorting concerns by introducing worker fixed effects, worker-employer match fixed effects, and worker-employer-occupation match fixed effects. Finally, we present fixed effect IV estimates. All of these estimates continue to indicate a greater likelihood of substance use when a worker receives performance pay. The results support conjectures that stress and effort increase with performance pay and that alcohol and drug use is a coping mechanism for workers."
|
| Too smart for his own good |
| 04/11/21 | | Behaviour |
"In good societies, debt levels are low. People pursue limited goals, avoid debt, and grow from retained earnings. As your great-grandparents might have said, a good life relies on deferred gratification. But such humility does not characterize the present."
|
| The truth about lying |
| 04/03/21 | | Behaviour |
"You can't spot a liar just by looking - but psychologists are zeroing in on methods that might actually work"
|
| Just make more money |
| 03/14/21 | | Behaviour |
"The fact is: to be more happy, just make more money."
|
| Dangerously timeful |
| 02/20/21 | | Behaviour |
"Accidentally adhering to timeful advice is outsourcing a certain part of your life strategy to recent history. But when you outsource decisions that change your life trajectory, do you want to bet the house on the wisdom of yesteryear?"
|
| Well-being rises with income |
| 01/24/21 | | Behaviour |
"Past research has found that experienced well-being does not increase above incomes of $75,000/y. This finding has been the focus of substantial attention from researchers and the general public, yet is based on a dataset with a measure of experienced well-being that may or may not be indicative of actual emotional experience (retrospective, dichotomous reports). Here, over one million real-time reports of experienced well-being from a large US sample show evidence that experienced well-being rises linearly with log income, with an equally steep slope above $80,000 as below it. This suggests that higher incomes may still have potential to improve people's day-to-day well-being, rather than having already reached a plateau for many people in wealthy countries."
|
| Just take the money |
| 01/17/21 | | Behaviour |
"So, from a happiness perspective, the best thing you could do is put some base level of wealth into a diversified portfolio and have the excess be concentrated in riskier assets."
|
| You can't deplete your willpower |
| 01/16/21 | | Behaviour |
"while the early ego-depletion concepts appear to be flawed, experts say that self-control can wax or wane for a number of predictable reasons. Understanding when and how this happens may help people avoid the kind of willpower failures that torpedo their aspirations."
|
| The reasonable optimist |
| 12/06/20 | | Behaviour |
"The ease of underestimating how bad things can be in the short run and how good they can be in the longer run is a leading cause of bad forecasts, bad decisions, and confused people. It's common because it's easier to go all in on either optimism or pessimism - having one foot on each side feels waffling. But straddling both sides is usually the best stance."
|
| Civic honesty around the globe |
| 12/05/20 | | Behaviour |
"Civic honesty is essential to social capital and economic development but is often in conflict with material self-interest. We examine the trade-off between honesty and self-interest using field experiments in 355 cities spanning 40 countries around the globe. In these experiments, we turned in more than 17,000 lost wallets containing varying amounts of money at public and private institutions and measured whether recipients contacted the owners to return the wallets. In virtually all countries, citizens were more likely to return wallets that contained more money. Neither nonexperts nor professional economists were able to predict this result. Additional data suggest that our main findings can be explained by a combination of altruistic concerns and an aversion to viewing oneself as a thief, both of which increase with the material benefits of dishonesty."
|
| Value |
| 11/27/20 | | Behaviour |
"We begin our lives as growth stocks, but end our lives as value stocks."
|
| Enough |
| 11/27/20 | | Behaviour |
"For me, enough is acknowledging the line between satisfaction and excess."
|
| Influence |
| 11/27/20 | | Behaviour |
"We all like to think we're independent thinkers who weigh the evidence and reach our own conclusions - and yet there's ample evidence that our views are heavily influenced by those around us, whether we're choosing presidential candidates, bottled water or mayonnaise. This extends to financial matters, sometimes with grim consequences."
|
| Unfortunate social distancing |
| 11/01/20 | | Behaviour |
"experts said it's more conversation - not less - that's needed, if the nation is to heal its blistering divide. But it has to be healthy, productive conversation. And Israel, who runs the workshops on civil discourse, said the first step must be to take it off social media and talk in person instead."
|
| Seems so easy |
| 10/03/20 | | Behaviour |
"Figuring out what we should do with our dollars is typically straightforward: We should save regularly, diversify broadly, rebalance occasionally and so on. Instead, the tough part is getting ourselves to do what we intellectually know is right."
|
| Save like a pessimist |
| 09/06/20 | | Behaviour |
"What Gates seems to get is that you can only be an optimist in the long run if you're pessimistic enough to survive the short run. The best way for most people to apply that is: Save like a pessimist, invest like an optimist."
|
| New marshmallow test |
| 08/22/20 | | Behaviour |
"In a recent study, we wanted to find out how a cooperative context would affect kids. tendencies to delay gratification in a marshmallow test. Specifically, we wanted to know whether kids would be more or less likely to delay gratification when they relied on one another compared to the standard marshmallow test in which their waiting choices affect themselves alone."
|
| Rediscovered faith |
| 08/09/20 | | Behaviour |
"For the first year of my research, I collected examples of these kinds of paradoxes - where our intuitions about what an advantage or a disadvantage are turn out to be upside down. Why are so many successful entrepreneurs dyslexic? Why did so many American presidents and British prime ministers lose a parent in childhood? Is it possible that some of the things we hold dear in education - like small classes and prestigious schools who can do as much harm as good? I read studies and talked to social scientists and buried myself in the library and thought I knew the kind of book I wanted to write. Then I met Wilma Derksen."
|
| Superforecasters |
| 06/12/20 | | Behaviour |
"Talented amateurs who pay attention to both the science and the news seem to be better at putting accurate probabilities on key outcomes in this phase of the crisis"
|
| Old age and the decline in financial literacy |
| 06/12/20 | | Behaviour |
"Households over age 60 own half of the discretionary investment assets in the United States and are increasingly responsible for generating income from these investments to fund retirement. Studies in cognitive aging show that older respondents experience a decline in cognitive processes closely related to financial decision making. We investigate whether knowledge of basic concepts essential to effective financial choice declines after age 60. Financial literacy scores decline by about 2% each year after age 60, and the rate of decline does not increase with advanced age. Results from regressions censored by respondent groups and financial literacy topic areas suggest that the decline is not related to cohort effects or differences in gender or educational attainment. Confidence in financial decision making abilities does not decline with age. Increasing confidence and reduced abilities can explain poor credit and investment choices by older respondents."
|
| Repetition economics |
| 05/31/20 | | Behaviour |
"I believe repetition is the key to understanding decision making. If you include repetition into the equation, human behavior becomes rational. Biases disappear. They are not needed."
|
| Masks new social norm |
| 05/16/20 | | Behaviour |
"The tipping point for achieving enough critical mass to initiate social change proved to be just 25 percent of participants."
|
| Acceptable flaws |
| 05/15/20 | | Behaviour |
"Life is a little easier if you expect a certain percentage of it to go wrong no matter how hard you try."
|
| The real Lord of the Flies |
| 05/09/20 | | Behaviour |
"It's time we told a different kind of story. The real Lord of the Flies is a tale of friendship and loyalty; one that illustrates how much stronger we are if we can lean on each other."
|
| The hardest part of buy and hold |
| 03/27/20 | | Behaviour |
"The hardest part of a buy and hold strategy is that for it to work as expected, you have to do both the buying and the holding when markets are falling too. It's much easier to both buy and hold when markets are going up."
|
| Why generalists triumph in a specialized world |
| 03/06/20 | | Behaviour |
"Join bestselling author David Epstein in conversation with Malcolm Gladwell for an engrossing discussion about Epstein's book, Range: Why Generalists Triumph in a Specialized World." [video]
|
| Don't lose it |
| 02/28/20 | | Behaviour |
"if you were going to design a laboratory experiment to test investors' mettle, this past week would provide a nearly perfect template. Think about it: We have a virus without a vaccine that's spreading rapidly - but nobody knows how rapidly - which is damaging the global economy - but nobody knows how badly - at a time when many U.S. stock investors were already anxious after an extraordinarily long bull market that has pushed valuations to worrisome levels."
|
| There is always enough time to panic |
| 02/28/20 | | Behaviour |
"Six business days ago, my estimate of future stock returns over the next ten years was 2.21%/year, the lowest I have ever seen it (and a new all-time high for the stock market). Today it is 4.40%/year. Quite a move. Also in the quite a move department is the 10-year Treasury note, whose yield went from 1.56% to 1.23%, a new all-time low."
|
| I don't know |
| 02/21/20 | | Behaviour |
"It's easier to gain more respect for someone who speaks honestly and is humble enough to admit that they don't know the answer in the face of a tough or sometimes even simple question."
|
| The illiquidity discount |
| 12/27/19 | | Behaviour |
| Terrible plans, wonderful businesses |
| 10/22/19 | | Behaviour |
| Robert Cialdini interview |
| 10/18/19 | | Behaviour |
| Risk-profile questionnaires don't work |
| 08/31/19 | | Behaviour |
| Be Bach, not Darwin |
| 06/21/19 | | Behaviour |
| Stay in the game |
| 06/21/19 | | Behaviour |
| Becoming wise to your nudge |
| 06/15/19 | | Behaviour |
| The million dollar question |
| 05/27/19 | | Behaviour |
| How fake news gets into our minds |
| 05/20/19 | | Behaviour |
| Honesty instead of cheer |
| 05/15/19 | | Behaviour |
| Financial superpowers |
| 05/15/19 | | Behaviour |
| The big risk |
| 05/15/19 | | Behaviour |
| The peculiar blindness of experts |
| 05/08/19 | | Behaviour |
| Ten behavioural advantages |
| 04/21/19 | | Behaviour |
| You have to live it |
| 04/16/19 | | Behaviour |
| Never be happy |
| 04/16/19 | | Behaviour |
| We overestimate and underestimate our abilities |
| 04/13/19 | | Behaviour |
| Pure downside |
| 03/11/19 | | Behaviour |
| Too risky |
| 03/04/19 | | Behaviour |
| Where big leaps live |
| 02/12/19 | | Behaviour |
| Time for happiness |
| 02/05/19 | | Behaviour |
| Morgan Housel talk |
| 01/28/19 | | Behaviour |
| Time to do something |
| 01/16/19 | | Behaviour |
| Popularity |
| 01/08/19 | | Behaviour |
| Better habits in 2019 |
| 12/26/18 | | Behaviour |
| Messy desks and benign neglect |
| 12/17/18 | | Behaviour |
| Rational vs reasonable |
| 12/17/18 | | Behaviour |
| Writing |
| 12/03/18 | | Behaviour |
| The fetishization of hustle porn |
| 11/19/18 | | Behaviour |
| The unfair advantage of discomfort |
| 11/19/18 | | Behaviour |
| Investing rules of thumb don't always work |
| 11/19/18 | | Behaviour |
| Hard words |
| 11/12/18 | | Behaviour |
| Robert Cialdini interview |
| 11/05/18 | | Behaviour |
| How Amazon loses |
| 10/22/18 | | Behaviour |
| Beliefs don't predict |
| 10/15/18 | | Behaviour |
| The next level of commitment |
| 09/30/18 | | Behaviour |
| Why facts don't change our minds |
| 09/17/18 | | Behaviour |
| Striking a chord |
| 09/17/18 | | Behaviour |
| In solitude what happiness? |
| 08/28/18 | | Behaviour |
| Aliens don't get fired |
| 08/28/18 | | Behaviour |
| Bettors sniff out weak studies |
| 08/28/18 | | Behaviour |
| The art of self-control |
| 08/22/18 | | Behaviour |
| Loss aversion dies |
| 08/07/18 | | Behaviour |
| Open offices make you less open |
| 07/09/18 | | Behaviour |
| Mind the gap 2018 |
| 07/09/18 | | Behaviour |
| 12 rules for life |
| 07/09/18 | | Behaviour |
| The myth of the Stanford Prison Study |
| 07/02/18 | | Behaviour |
| Focus on risk |
| 06/12/18 | | Behaviour |
| It can happen to anyone |
| 06/12/18 | | Behaviour |
| Lazy work |
| 06/12/18 | | Behaviour |
| We are all created equal |
| 06/12/18 | | Behaviour |
| The psychology of money |
| 06/04/18 | | Behaviour |
| Scientists succumb to corruption |
| 06/04/18 | | Behaviour |
| Revisiting the Marshmallow Test |
| 06/04/18 | | Behaviour |
| Money really isn't everything |
| 05/28/18 | | Behaviour |
| Is loss aversion a myth? |
| 05/07/18 | | Behaviour |
| Lessons from John Cleese |
| 04/30/18 | | Behaviour |
| Be a little underemployed |
| 04/22/18 | | Behaviour |
| Things I'm pretty sure about |
| 04/16/18 | | Behaviour |
| Peter Kaufman talks about thinking |
| 04/16/18 | | Behaviour |
| How to talk to people about money |
| 04/02/18 | | Behaviour |
| Why projects are late |
| 03/19/18 | | Behaviour |
| My quest for loose change |
| 02/26/18 | | Behaviour |
| Making history by doing nothing |
| 01/15/18 | | Behaviour |
| The full reset |
| 01/01/18 | | Behaviour |
| The strong base |
| 01/01/18 | | Behaviour |
| Putting your portfolio in a drawer |
| 12/18/17 | | Behaviour |
| We're all innocently out of touch |
| 11/20/17 | | Behaviour |
| Investors do not underperform their investments |
| 10/30/17 | | Behaviour |
| How fiction becomes fact |
| 10/23/17 | | Behaviour |
| A smartphone dystopia |
| 10/16/17 | | Behaviour |
| Mourning news |
| 08/20/17 | | Behaviour |
| Invert |
| 08/16/17 | | Behaviour |
| Tie me down and make me rich |
| 07/30/17 | | Behaviour |
| Not as smart as you think |
| 07/09/17 | | Behaviour |
| Schmucks like us |
| 07/09/17 | | Behaviour |
| Testing DALBAR's claims |
| 06/11/17 | | Behaviour |
| You can change |
| 06/04/17 | | Behaviour |
| Our world outsmarts us |
| 05/07/17 | | Behaviour |
| You need a Shultz hour |
| 04/30/17 | | Behaviour |
| Online shopping suckers |
| 04/30/17 | | Behaviour |
| Why people prefer unequal societies |
| 04/09/17 | | Behaviour |
| Why is my life so hard |
| 03/19/17 | | Behaviour |
| Why facts don't change our minds |
| 02/26/17 | | Behaviour |
| How being wrong can help |
| 02/19/17 | | Behaviour |
| Betting against correlation |
| 02/12/17 | | Behaviour |
| Burst your filter bubble |
| 01/29/17 | | Behaviour |
| Designing better decisions |
| 01/06/17 | | Behaviour |
| Time management is ruining lives |
| 12/26/16 | | Behaviour |
| Does decision-making matter? |
| 11/27/16 | | Behaviour |
| Hindsight bias |
| 11/13/16 | | Behaviour |
| The art of doing nothing |
| 11/13/16 | | Behaviour |
| Robert J. Shiller on behavioral economics |
| 11/06/16 | | Behaviour |
| Watching the flows |
| 10/29/16 | | Behaviour |
| Give up the news for a week |
| 10/29/16 | | Behaviour |
| Choose time over money |
| 10/29/16 | | Behaviour |
| ILTB: Morgan Housel |
| 10/09/16 | | Behaviour |
| Time or Money |
| 09/17/16 | | Behaviour |
| Nudges take a battering |
| 09/11/16 | | Behaviour |
| Danny Kahneman interview |
| 08/07/16 | | Behaviour |
| 10 attributes of great investors |
| 08/06/16 | | Behaviour |
| Who bought U.S. stocks after 2008? |
| 07/31/16 | | Behaviour |
| Cultural evolution |
| 07/10/16 | | Behaviour |
| Economist at the self-checkout |
| 06/19/16 | | Behaviour |
| The curse of culture |
| 06/04/16 | | Behaviour |
| Two-star managers |
| 06/04/16 | | Behaviour |
| Why humans run the world |
| 05/29/16 | | Behaviour |
| Cleaning up La Paz |
| 05/29/16 | | Behaviour |
| The danger of being risk-averse |
| 05/22/16 | | Behaviour |
| Go 100% equities |
| 05/22/16 | | Behaviour |
| When to quit |
| 05/14/16 | | Behaviour |
| Too much feedback |
| 04/30/16 | | Behaviour |
| Cumulative advantage |
| 04/10/16 | | Behaviour |
| Don't give stocks 100% of yourself |
| 02/21/16 | | Behaviour |
| Why does pessimism sound smart? |
| 01/24/16 | | Behaviour |
| Why is there an investor return gap? |
| 11/28/15 | | Behaviour |
| Dan Ariely on relationships |
| 11/21/15 | | Behaviour |
| The amateur investing advantage |
| 11/08/15 | | Behaviour |
| How patient an investor are you? |
| 11/07/15 | | Behaviour |
| The power of nudges |
| 11/01/15 | | Behaviour |
| In praise of the dead |
| 10/10/15 | | Behaviour |
| Relationships and credit scores |
| 10/04/15 | | Behaviour |
| Mind the gap 2015 |
| 08/16/15 | | Behaviour |
| Timing poorly |
| 06/06/15 | | Behaviour |
| A kinder philosophy of success |
| 05/09/15 | | Behaviour |
| Another Gladwell mindworm dies |
| 05/03/15 | | Behaviour |
| The money taboo |
| 04/20/15 | | Behaviour |
| Why are you working? |
| 04/11/15 | | Behaviour |
| Eating better |
| 03/20/15 | | Behaviour |
| Why Are Resolutions So Hard To Follow? |
| 01/01/15 | | Behaviour |
| Behavioral portfolio management |
| 12/20/14 | | Behaviour |
| In praise of small miracles |
| 12/12/14 | | Behaviour |
| Pets allowed |
| 10/26/14 | | Behaviour |
| Incentives matter |
| 10/11/14 | | Behaviour |
| A good case of amnesia |
| 09/13/14 | | Behaviour |
| Hard money is not a mistake |
| 09/06/14 | | Behaviour |
| Why the M-B test is meaningless |
| 07/19/14 | | Behaviour |
| Moral behavior in animals |
| 06/14/14 | | Behaviour |
| Portfolio tracking is for losers |
| 06/07/14 | | Behaviour |
| 10 lessons from a Navy SEAL |
| 05/30/14 | | Behaviour |
| Standing out from the crowd |
| 02/08/14 | | Behaviour |
| TED talks are lying to you |
| 01/26/14 | | Behaviour |
| Survivorship bias |
| 11/24/13 | | Behaviour |
| Graham & Doddsville: Fall 2013 |
| 10/13/13 | | Behaviour |
| The tragedy of the commons |
| 09/08/13 | | Behaviour |
| Hard-wired for giving |
| 09/05/13 | | Behaviour |
| Why the paradox of choice might be a myth |
| 08/25/13 | | Behaviour |
| Pathological Altruism |
| 06/16/13 | | Behaviour |
| News is bad for you |
| 04/14/13 | | Behaviour |
| Would the real Peter and Paul please stand up? |
| 03/17/13 | | Behaviour |
| Trust & growth |
| 03/17/13 | | Behaviour |
| We aren't the world |
| 03/03/13 | | Behaviour |
| David Brooks on The Social Animal |
| 02/16/13 | | Behaviour |
| The bad luck of winning |
| 12/08/12 | | Behaviour |
| In praise of copycats |
| 08/11/12 | | Behaviour |
| After this, therefore because of this |
| 08/01/12 | | Behaviour |
| Why we're driven to trade |
| 07/22/12 | | Behaviour |
| Failure and rescue |
| 06/09/12 | | Behaviour |
| Doctored papers |
| 04/20/12 | | Behaviour |
| Behavioral Biases of Mutual Fund Investors |
| 03/07/12 | | Behaviour |
| The rise of the new groupthink |
| 01/14/12 | | Behaviour |
| When reinforcement fails |
| 12/29/11 | | Behaviour |
| Stories make me nervous |
| 12/22/11 | | Behaviour |
| Bill Miller had a great run. But did his investors? |
| 12/07/11 | | Behaviour |
| I was wrong, and so are you |
| 11/14/11 | | Behaviour |
| How a Financial Pro Lost His House |
| 11/12/11 | | Behaviour |
| Bias, blindness and how we think |
| 11/01/11 | | Behaviour |
| The science of irrationality |
| 10/19/11 | | Behaviour |
| Why envy dominates greed |
| 10/03/11 | | Behaviour |
| Risk management and sounding crazy |
| 09/02/11 | | Behaviour |
| The halo effect |
| 09/01/11 | | Behaviour |
| Everyone else is biased |
| 07/11/11 | | Behaviour |
| A culture of trust |
| 07/02/11 | | Behaviour |
| Reason as a weapon |
| 06/15/11 | | Behaviour |
| How David beats Goliath |
| 05/31/11 | | Behaviour |
| Lessons for the irrational investor |
| 05/28/11 | | Behaviour |
| On being wrong |
| 04/23/11 | | Behaviour |
| Does DALBAR really calculate investor returns? |
| 04/18/11 | | Behaviour |
| Measurements that mislead |
| 04/02/11 | | Behaviour |
| How Carrots Became the New Junk Food |
| 03/23/11 | | Behaviour |
| The Crowded Restaurant Conundrum |
| 03/17/11 | | Behaviour |
| How Great Entrepreneurs Think |
| 02/09/11 | | Behaviour |
| People play events into biases |
| 02/09/11 | | Behaviour |
| Blaming the Rat |
| 01/17/11 | | Behaviour |
| The power of vulnerability |
| 12/26/10 | | Behaviour |
| Bank Leverage Limits |
| 12/22/10 | | Behaviour |
| The 10 Mistakes Investors Most Commonly Make |
| 12/12/10 | | Behaviour |
| A Bully Finds a Pulpit on the Web |
| 11/28/10 | | Behaviour |
| Programming our lives away |
| 11/27/10 | | Behaviour |
| Volatility mesures behavioural risk |
| 10/18/10 | | Behaviour |
| Later |
| 10/04/10 | | Behaviour |
| The 10 Biggest Gold Myths |
| 10/03/10 | | Behaviour |
| How to tilt the investing odds in your favour |
| 09/22/10 | | Behaviour |
| Apple's Pricing Decoys |
| 09/08/10 | | Behaviour |
| How to tell when a CEO is lying |
| 08/25/10 | | Behaviour |
| Slime mould like humans |
| 08/12/10 | | Behaviour |
| The meaning of fair |
| 08/02/10 | | Behaviour |
| Niederhoffer on being wrong |
| 06/24/10 | | Behaviour |
| Something's wrong but you'll never know |
| 06/22/10 | | Behaviour |
| His own worst enemy |
| 06/11/10 | | Behaviour |
| Green from envy |
| 05/29/10 | | Behaviour |
| Metric mania |
| 05/17/10 | | Behaviour |
| Do bonuses create cheaters? |
| 05/17/10 | | Behaviour |
| The disposition effect |
| 05/02/10 | | Behaviour |
| Risks hide in plain sight |
| 04/25/10 | | Behaviour |
| Nudges gone wrong |
| 04/24/10 | | Behaviour |
| The new paternalism |
| 04/17/10 | | Behaviour |
| Creativity: a crime of passion |
| 04/08/10 | | Behaviour |
| Why envy dominates greed |
| 03/29/10 | | Behaviour |
| E.I. will wreck your portfolio |
| 03/04/10 | | Behaviour |
| Confirmation bias in action |
| 02/23/10 | | Behaviour |
| Be a sceptical economist |
| 02/11/10 | | Behaviour |
| Underdogs have more motivation? |
| 02/09/10 | | Behaviour |
| What happens in the amygdala |
| 02/09/10 | | Behaviour |
| Garry Kasparov, cyborg |
| 02/01/10 | | Behaviour |
| In defense of home bias |
| 02/01/10 | | Behaviour |
| Justice, medieval style |
| 02/01/10 | | Behaviour |
| The self-fulfilling prophecy |
| 01/16/10 | | Behaviour |
| Less intuition, more evidence |
| 01/12/10 | | Behaviour |
| The hidden persuaders of fast food |
| 01/12/10 | | Behaviour |
| The marshmallow and the cherry |
| 01/02/10 | | Behaviour |
| Carpe Diem? Maybe tomorrow |
| 01/02/10 | | Behaviour |
| The neuroscience of screwing up |
| 12/30/09 | | Behaviour |
| Blame it on the brain |
| 12/26/09 | | Behaviour |
| Menu mind games |
| 12/11/09 | | Behaviour |
| Buying green makes you do bad things |
| 12/11/09 | | Behaviour |
| The importance of checking |
| 12/11/09 | | Behaviour |
| How much choice would you like? |
| 11/24/09 | | Behaviour |
| Is there a method in cellphone madness? |
| 11/16/09 | | Behaviour |
| Bad decisions may be contagious |
| 11/13/09 | | Behaviour |
| Are liberals smarter than conservatives? |
| 11/06/09 | | Behaviour |
| Innovation is not rewarded |
| 11/06/09 | | Behaviour |
| Extremists share their opinions |
| 10/21/09 | | Behaviour |
| How nonsense sharpens the intellect |
| 10/08/09 | | Behaviour |
| Marshmallows and self-control |
| 10/03/09 | | Behaviour |
| Believing everything you read |
| 09/18/09 | | Behaviour |
| Hunches prove to be valuable |
| 08/05/09 | | Behaviour |
| Thaler responds to Posner |
| 08/04/09 | | Behaviour |
| When good thinking goes bad |
| 08/02/09 | | Behaviour |
| Cocksure |
| 07/20/09 | | Behaviour |
| What's your financial IQ? |
| 07/16/09 | | Behaviour |
| The invisible hand, trumped by Darwin? |
| 07/11/09 | | Behaviour |
| Trust |
| 07/07/09 | | Behaviour |
| Would you wear a serial killer's sweater? |
| 06/15/09 | | Behaviour |
| Capitalism and the cheating ethic |
| 05/21/09 | | Behaviour |
| Tis better to have bet and lost |
| 05/21/09 | | Behaviour |
| The secret of self-control |
| 05/11/09 | | Behaviour |
| Bankers would rather work for $0.00 |
| 04/17/09 | | Behaviour |
| A little cheating costs a lot |
| 04/17/09 | | Behaviour |
| So you want to be the next Warren Buffett? |
| 04/12/09 | | Behaviour |
| Why we think it's OK to cheat |
| 04/10/09 | | Behaviour |
| Dan Ariely interview |
| 03/24/09 | | Behaviour |
| Large stakes and big mistakes |
| 03/24/09 | | Behaviour |
| Morals: the one thing markets don't make |
| 03/21/09 | | Behaviour |
| Confessions of a pundit |
| 03/11/09 | | Behaviour |
| Outperform 99% of your neighbors |
| 02/11/09 | | Behaviour |
| 100 cents feels like it's worth more than $1 |
| 01/22/09 | | Behaviour |
| Failure of morality, not of capitalism |
| 01/20/09 | | Behaviour |
| Why you can't trust your gut |
| 01/11/09 | | Behaviour |
| Everyone's watching |
| 11/03/08 | | Behaviour |
| Perceptions about income influence lottery purchases |
| 08/09/08 | | Behaviour |
| Bad news sparks a stampede |
| 07/23/08 | | Behaviour |
| The new economics and the pursuit of happiness |
| 07/01/08 | | Behaviour |
| It's mine, I tell you |
| 06/20/08 | | Behaviour |
| Why we're gloomier than the economy |
| 06/19/08 | | Behaviour |
| 'Brainwashing 101 for dummies' (and investors!) |
| 06/18/08 | | Behaviour |
| Want to be rich? Don't get too happy |
| 06/03/08 | | Behaviour |
| The happiness ... gap |
| 06/02/08 | | Behaviour |
| How thinking costs you |
| 05/24/08 | | Behaviour |
| Rebate psychology |
| 05/18/08 | | Behaviour |
| The meritocracy paradox |
| 04/13/08 | | Behaviour |
| And behind door no. 1, a fatal flaw |
| 04/10/08 | | Behaviour |
| Behind Monty Hall's doors |
| 04/10/08 | | Behaviour |
| What makes a tightwad |
| 03/20/08 | | Behaviour |
| Why people believe weird things about money |
| 01/14/08 | | Behaviour |
| A short course in thinking about thinking |
| 12/15/07 | | Behaviour |
| Of blind squirrels and flying pigs |
| 11/22/07 | | Behaviour |
| From ants to people, an instinct to swarm |
| 11/14/07 | | Behaviour |
| Are you really such a daredevil? |
| 11/04/07 | | Behaviour |
| Can we turn off our emotions when investing? |
| 09/29/07 | | Behaviour |
| Was Harry Potter inevitable? |
| 09/17/07 | | Behaviour |
| Persistence of myths |
| 09/05/07 | | Behaviour |
| Money isn't everything |
| 07/10/07 | | Behaviour |
| You got your tissues in my peanut butter |
| 06/18/07 | | Behaviour |
| Benefiting from irrational investors |
| 06/06/07 | | Behaviour |
| What I learned from 'The Price Is Right' |
| 06/06/07 | | Behaviour |
| It feels good to be good |
| 05/29/07 | | Behaviour |
| Is the market rational? |
| 05/07/07 | | Behaviour |
| Your brain on Gucci |
| 04/27/07 | | Behaviour |
| The executioner of excellence |
| 04/10/07 | | Behaviour |
| The riches of irrationality |
| 03/14/07 | | Behaviour |
| Gimme more |
| 01/26/07 | | Behaviour |
| You are what you expect |
| 01/20/07 | | Behaviour |
| The triumph of unreason? |
| 01/18/07 | | Behaviour |
| The voices in my head say 'Buy It!' Why argue? |
| 01/16/07 | | Behaviour |
| Economics discovers its feelings |
| 12/20/06 | | Behaviour |
| Free to choose? |
| 12/20/06 | | Behaviour |
| I want it now! |
| 11/25/06 | | Behaviour |
| Whiff of cash can be a sour note |
| 11/16/06 | | Behaviour |
| Boom and gloom |
| 11/13/06 | | Behaviour |
