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…
Tag: bias
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…
Can you afford to ignore the long-term importance of money?
“Oh, money, I’m actually not interested in money.” So many people say that. Yet they’ll work at a job for eight hours or more (that they don’t even like) just to be able to buy stuff to impress their neighbours, the Tans and Lees (who they don’t really like…
Normalcy Bias and a bit of Impact Bias
Yaaawwnn. The stock markets in the last few weeks have been rather boring and uneventful. The US-market (measured by the S&P 500) has even entered an unusually long period of volatility contraction. The daily market moves up a bit and…
Are you in control?
The desire to feel like we’re in control seems to be a very basic human need. Are you in control? Do you like to control your environment? Well? Were you successful in that endeavour? C’mon, be honest. Because—Control—is an illusion! Let me give you an example…
Zero-Risk Bias
My brain is flawed. It is a flawed lens through which I see reality. This is true of both mouse brains and human brains. But a human brain is a flawed lens that can understand its own flaws—its systematic errors,…
Gambler’s fallacy in a world of uncertainty
Gambler’s fallacy is a term we often hear. What is it exactly and how does it affect what you do with your money? It is the belief that future events will be shaped by past events, even when the two…
Halo Effect
This post has nothing to do with Brexit, UK’s ego, or the unfairness in life that the older generation always decides on things the younger generation has to live with. But then, maybe it does … Let’s visit another continent…
Don’t do envy
The GSS – the Great Singapore Sale is upon us again. And I am not talking about the Singapore stock market here. It’s an opportune time to remind ourselves of that one emotion that is the cause of the lack…
Warning: For serious investors only! PART 1
Oops, did you click this post by accident? Or did you conscientiously click it because you do consider yourself a “serious investor” – I mean – serious investor (no irony intended)? I do apologize if my header created any sense…
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…
Can you afford to ignore the long-term importance of money?
“Oh, money, I’m actually not interested in money.” So many people say that. Yet they’ll work at a job for eight hours or more (that they don’t even like) just to be able to buy stuff to impress their neighbours, the Tans and Lees (who they don’t really like…
Normalcy Bias and a bit of Impact Bias
Yaaawwnn. The stock markets in the last few weeks have been rather boring and uneventful. The US-market (measured by the S&P 500) has even entered an unusually long period of volatility contraction. The daily market moves up a bit and…
Are you in control?
The desire to feel like we’re in control seems to be a very basic human need. Are you in control? Do you like to control your environment? Well? Were you successful in that endeavour? C’mon, be honest. Because—Control—is an illusion! Let me give you an example…
Zero-Risk Bias
My brain is flawed. It is a flawed lens through which I see reality. This is true of both mouse brains and human brains. But a human brain is a flawed lens that can understand its own flaws—its systematic errors,…
Gambler’s fallacy in a world of uncertainty
Gambler’s fallacy is a term we often hear. What is it exactly and how does it affect what you do with your money? It is the belief that future events will be shaped by past events, even when the two…
Halo Effect
This post has nothing to do with Brexit, UK’s ego, or the unfairness in life that the older generation always decides on things the younger generation has to live with. But then, maybe it does … Let’s visit another continent…
Don’t do envy
The GSS – the Great Singapore Sale is upon us again. And I am not talking about the Singapore stock market here. It’s an opportune time to remind ourselves of that one emotion that is the cause of the lack…
Warning: For serious investors only! PART 1
Oops, did you click this post by accident? Or did you conscientiously click it because you do consider yourself a “serious investor” – I mean – serious investor (no irony intended)? I do apologize if my header created any sense…