Amped Up Injuries

By |2018-12-28T06:16:33-04:00December 28th, 2018|Global Market Update|

When do we make our most painful mistakes? Illustration: Mohamed Hassan. Source: Pixabay Most of our biggest investment errors can be linked to charged emotions. We know what our most common mistakes are: overconfidence, loss-aversion, confirmation bias, selective data, and so on. What’s not well-studied is what makes us subject to these cognitive errors. A major factor is our emotions; whether we’re really happy or unbearably sad, getting emotional with money rarely ends well. This is more easily said than done. When an investment [...]

Comments Off on Amped Up Injuries

Bumpy Roads

By |2018-12-27T07:16:42-04:00December 27th, 2018|Global Market Update|

Have you ever been on a long drive down a bumpy road? Photo: Valley Isle Excursions. Source: Flikr. CC-BY-2.0 As a newly-minted driver some umpteen years ago, I never understood why my parents always told me to slow down while driving on roads that got a little rough. It felt fine to me. To be honest, the chop and rattle could be a little exhilarating, a break from the monotony of long, straight, flat highways in the Midwest. But now that I’m a little [...]

Comments Off on Bumpy Roads

Choose Wisely

By |2018-12-27T06:00:02-04:00December 27th, 2018|Global Market Update|

Remember Indiana Jones and the Last Crusade? Public Domain. Source: Book of Romance, Flikr When Indiana gets to the final scene in a cave, he’s confronted by an array of choices. The one instruction he’s given is “Choose wisely.” That’s my theme for next year: choose wisely. Confronted by volatile markets? Choose wisely. Finding unexpected risks? Choose wisely. Facing personal pressures? Choose wisely. Our sources of wisdom should be diverse: from number-crunching to reflection on our own needs and limitations to insights from finance [...]

Comments Off on Choose Wisely

The Economics of Christmas

By |2018-12-21T11:49:07-04:00December 19th, 2018|Global Market Update|

[fusion_builder_container hundred_percent="no" equal_height_columns="no" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" background_color="" background_image="" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" parallax_speed="0.3" video_mp4="" video_webm="" video_ogv="" video_url="" video_aspect_ratio="16:9" video_loop="yes" video_mute="yes" overlay_color="" video_preview_image="" border_size="" border_color="" border_style="solid" padding_top="" padding_bottom="" padding_left="" padding_right=""][fusion_builder_row][fusion_builder_column type="1_1" layout="1_1" background_position="left top" background_color="" border_size="" border_color="" border_style="solid" border_position="all" spacing="yes" background_image="" background_repeat="no-repeat" padding_top="" padding_right="" padding_bottom="" padding_left="" margin_top="0px" margin_bottom="0px" class="" id="" animation_type="" animation_speed="0.3" animation_direction="left" hide_on_mobile="small-visibility,medium-visibility,large-visibility" center_content="no" last="no" min_height="" hover_type="none" link=""][fusion_text columns="" column_min_width="" column_spacing="" rule_style="default" rule_size="" rule_color="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id=""] Have you ever considered the economic impact of Christmas? Photo: Viktor Hanacek. Source: Picjumbo [...]

Comments Off on The Economics of Christmas

Cookie Cutters?

By |2018-12-19T05:55:03-04:00December 19th, 2018|Global Market Update|

Do you like making gingerbread cookies? Photo: Viktor Hanacek. Source: Picjumbo. It’s a holiday tradition in our family: mixing, cooling, and rolling out the dough, cutting out and baking the shapes, then decorating the cookies with outlines, colors, and a personal touch. The smells that fill the kitchen are intoxicating: molasses, nutmeg, cinnamon. There’s nothing like it – although some enterprising candle companies have tried to generate the aroma in their jar candles. But it’s not the cookies or the aroma that’s so attractive. [...]

Comments Off on Cookie Cutters?

Trending Traditions

By |2018-12-17T07:37:56-04:00December 17th, 2018|Global Market Update|

Do you have any traditions around the holidays? Photo: Jill Wellington. Source: Pixabay. Lots of folks have traditions they observe this time of year around decorations, or gift-giving, or – especially – food. In Scandinavia they decorate a straw Christmas goat and place it in their living rooms, celebrating a time when a goat, not Santa, delivered Christmas gifts. My Jewish friends in grade school brought their Hanukah dreidels to school for show-and-tell, and we would guess which letter they would land on when [...]

Comments Off on Trending Traditions

Flitting, Feeding, and Digesting

By |2018-12-17T09:14:41-04:00December 14th, 2018|Global Market Update|

Have you ever watched hummingbirds feed? Photo: Tom Koerner/USFWS. Source: Flikr.CC-BY-2.0 We used to have a hummingbird feeder outside our front window. They’re fascinating to watch. They can be quite choosy. Because they use so much energy, they prefer only to feed on very sweet nectar – at least 25% sugar. By comparison, a can of soda like Pepsi or Sprite is about 15% sugar or its equivalent. They consume about half their weight in nectar each day. Because sweet nectar doesn’t have many [...]

Comments Off on Flitting, Feeding, and Digesting

Season’s Greetings?

By |2018-12-13T06:28:58-04:00December 13th, 2018|Global Market Update|

Are you ready? Photo: Igor Ovsyannykov. Source: Fancycrave In our family we never get ready very early for Christmas. Maybe it’s because I was a winter-sports athlete. Growing up, I had exams, intense training, and then competitions right into late December. My shopping happened after I returned home on the 23rd or so. Then there was an intense trip to the mall with wish-lists and backup-items and “evergreen” gifts – stuff that would always be welcome on a cold Christmas Day, like gloves and [...]

Comments Off on Season’s Greetings?

The Primacy of Planning

By |2018-12-10T23:10:53-04:00December 10th, 2018|Global Market Update|

What’s your plan? Photo: 7854. Source: Pixabay Recently, one of my teenage boys was driving home on a frosty evening and – as has happened to most of us – he slipped off the road. He called and asked if I could bring our truck to pull him out. No problem. I threw a tow chain into the back and trundled off. Only the road was too slick. After we hooked his car to our pickup, the tires couldn’t get enough of a grip [...]

Comments Off on The Primacy of Planning