Don’t worry, be …

protect your portfolio with Put Options

… Hmm, I don’t know how that header should be completed. Do you?  No? Then, let’s find out together. In my opinion, the standard saying: “Don’t worry, be happy” seems to be too simplified because not only do I doubt that one can be…

Continue reading

Extreme Discounting

hyperbolic discounting

It’s the time of the year again where we start out with a bag full of New Year’s Resolutions and than slowly … one by one … fail to execute them. Do you happen to have set the resolution to…

Continue reading

You got promoted

Hello, my dear reader, today I feel very powerful. So I have decided to promote you to the position of CEO. Congratulations. You are a real CEO now. Not later! Now! What do I mean by that? In this information age,…

Continue reading

Are you paying attention?

To what? – you might ask. To whatever you are somewhat interested in. We are masters in paying zero attention to what we are not interested in. All thanks to our inborn or learned biases. Regular readers of Tacomob are…

Continue reading

Weakness of willpower

Why do we consciously do things which we genuinely know are not beneficial to us? A non-financial example includes smoking cigarettes (we know we shouldn’t, but many do anyway), while a financial example includes not living within our means, or saving up for a…

Continue reading