What can I find here?
Information to help me run my own business: MY ME, Inc.
Ideas to Own It and live my personal life by design and not by default.
Advice on how to prosper slowly but steadily.
Here are the latest Blog Entries
The only certainty is …
… that there is no certainty (ok, I admit death is the only thing we can know with any certainty, but my intention is not to write about the end here, I have done that before and it didn’t end…
100 Biases and Bias Bias
einhundert – 100 – one hundred The other day I have shared with you this gigantic Cognitive Bias Codex. It contains 189 different biases. So far I have written about 100 biases that make you do dumb things with your…
Familiarity Bias vs. Ambiguity Effect
Or otherwise known as reliance on old-fashioned financial institutions and outdated economic structures. Partly, it is due to habit; partly, because of our concerns about liquidity; and partly, because we think that it is always risky to experiment with new things where we might lack…
Fading Affect Bias
Among the many quirks our brains have is something called the “fading affect bias.” Basically, we aren’t very good at remembering negative emotions. Our brains shrink the memories of bad times, painful experiences and anything generally unpleasant. That is generally…
Cognitive-Biases-Life-Hack
Emotions are the main cause and driving force in the stock markets. Last week I shared some thoughts why understanding our mind as a tool that tries to live in an uncertain world is an important challenge. Because the brain…
Are you investing/trading like a scientist or like a lawyer?
Before you read on, take a minute and think about this question for a while. Look back at your recent transactions. How did you arrive at those decisions? Are you happy with your past decisions? Any regrets? C’mon. If you’ve…
A trip to Lake Wobegone
This trip is for the stock traders among you. What kind of annual return are you aiming for? 30% or 20% or 10%? What’s your number? Humans, and especially those of the male persuasion, have a bias called The Lake…
Without this you will never achieve Financial Freedom
Enoughism* You have to find, define and fix your personal level of ENOUGH. Where you possess everything you need, and buying more would actually make you worse off. In my most recent post I have brought up the crucial question:…
Can there be infinite growth in a finite world?
Recently I spotted this ad in a German newspaper (I took the liberty to translate the few German words): It reminded me of my Water-ETF which I bought about one year ago. So I checked it out: 13.4% up. Ok,…
Not-Invented-Here-Bias
Last week I wrote about expensive Mutual Funds / Unit Trusts and their cheaper (and better) alternatives called Exchange Traded Funds (ETFs). You still don’t buy it. Ok, that might be my fault because I am simply not convincing enough…
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