Traditional Economists or Self-help authors? So the question is whether popular finance books give the same valuable advice as academic economists. Economist & Finance professor James J. Choi was so interested in this question that he surveyed the 50 most…
Have you ever sold a stock too soon or passed up an opportunity that went on to experience explosive growth? I did. I bought Tesla stocks back in April 2013 at USD50. Fast ride up. Held them till June 2013…
𝗪𝗵𝗼 𝗶𝘀 𝘄𝗶𝘁𝗵 𝗺𝗲? 🙋♂️ I choose to believe that the future will be better than the past. We live in a world where far more people wake up in the morning, trying to make the world a better place than…
You prefer immediate rewards vs. long-term gains. But investing is for the long term. When we are presented with distant commitments, we tend to stumble on the difficulty that our brain has in placing us in the future with any…
Quick question: Would it be easier for you to save 20% of your monthly income, or to live on 80% of your monthly income? In case you answered, “Save 20%,” you are just average (sorry for being so blunt) and might be…
According to economists, we should all be cold, clear-eyed spenders who always choose what would benefit us the most economically. In their economists’ world, we are all as emotionless, passionless, and predictable as the Vulcan Mr. Spock in Star Trek, since we are supposedly…
… 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…
Evolution had shaped the human brain to be acutely aware of all potential dangers. Combined with the tendency of the media’s “only bad news is good news”, this has a profound impact on human perception: it literally shuts off our…
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…
… see what others are spending. And that is a problem. Due to our envy bias we do pay more attention to how our friends and neighbours spend compared to how they save. Well, comparing with friends might be a…