Irrational Investors  Most economists work on the assumption that all investors are rational.  All of us who have actually invested know that isn’t true.  But why?   What is it about human psychology that prevents us from making the right decision when it comes to investing?  I Can’t Sell at THAT Price  I’ve written before about how I’ve lost money because […]

In his book, The Power of Habit , Charles Duhigg brilliantly describes how pivotal a role habits play in our everyday lives.  Once something becomes a habit, we can perform the task on auto-pilot, sometimes not even realizing what we are doing. While many habits keep us from having to remember thousands of tiny details […]

Good things come to those who wait  In recent years, we’ve seemed to have forgotten this simple, yet powerful phrase.  With the rise of social media and smartphones more information than we can imagine may seem great, it also has its downsides. Now we are addicted to our smartphones and allow social media to impact […]

Are You Rational?  Probably not.  When it comes to decision making, it turns out most people (myself included) don’t think rationally.  Sure, we think we are making the best decision at the time, but when looked at objectively?  That’s when things get interesting. A Study in Human Psychology As consumers, Dan Ariely’s book Predictably Irrational provides […]

I recently read the book Quiet by Susan Cain.  The book focuses on the differences between introverts and extroverts and how better understanding the personality differences between the two can be beneficial in our everyday lives. The Extrovert Investor Whether you’re an extrovert or introvert can impact your investing strategies. Cain describes a situation in […]