If you panic, panic first

One rule in the stock market is: “If you panic, panic first!” It’s about first-mover advantage under extreme pressure. Bull markets make you feel smarter than you really are.Bear markets make you feel dumber than you really are. It’s almost…

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Who is right about your money?

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…

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This hinders your happiness

This one was a big problem for me in the past … That tiny graph shows that no matter where our current salary is 𝗲𝘃𝗲𝗿𝘆𝗯𝗼𝗱𝘆 𝘄𝗮𝗻𝘁𝘀 𝗮 𝘁𝗶𝗻𝘆 𝗯𝗶𝘁 𝗺𝗼𝗿𝗲 𝘁𝗵𝗮𝗻 𝘁𝗵𝗲𝘆 𝗵𝗮𝘃𝗲 𝘁𝗼 𝗳𝗲𝗲𝗹 𝗵𝗮𝗽𝗽𝘆/𝗹𝗲𝘀𝘀 𝘀𝘁𝗿𝗲𝘀𝘀𝗲𝗱. We don’t realize…

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