By delegating the management of your money to a third party (either a fund manager or a discretionary portfolio manager) do not make the mistake of assuming they will be in control of their emotions any more than you are. Do your homework. ...
The implications of a cashless society; predictions you really can rely on; the danger of seeing patterns in data, and Warren Buffett's breakfast routine. Some of the interesting snippets which caught my eye this week....
Reflections, resolutions, stories, and the happiness curve. Snippets which caught my eye over the festive period...
If investors have a disciplined and robust investment process, backed up by a financial plan which informs their investment strategy, so that they understand exactly WHY they own the investments they own, and the purpose their portfolio serves in helping them to achieve their goals...
We’re all familiar with the ‘wisdom of crowds’ theory, but how does this stand up in today’s global social networks? [5 min read] ‘F. Scott Fitzgerald said intelligence is “the ability to hold two opposing ideas in your head at the same time and still retain...
Research has shown that we are twice as sensitive to losses as we are to gains; the fact that we prefer to avoid losses can compromise our objectivity. ...
It's all in the mind. We react to investing in a similar way to drugs; we can push ourselves to unbelievable limits and achieve extraordinary things. Be inspired! ...
Managing the Earth's resources, why books are about so much more than reading and why you can't help but listen to the Portsmouth Sinfonia. ...
The Dead Man Fund, keeping an open mind, avoiding overconfidence, optical illusions and Google's truth serum. Some of what caught my eye this week...
As investors, we have to contend with the erratic and irrational way in which we think and behave. A lack of knowledge, combined with a number of illusions and biases, can lead to errors in making decisions that can turn out to be very...