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Home2018-05-14T12:08:11+00:00

The Global Market Update is curated by Douglas Tengdin, CFA an employee of Charter Trust Company.
The opinions expressed herein are those of the author and do not necessarily represent the views of Charter Trust Company.
Investments may involve investment risk, including the possible loss of value.

Don’t Do Stupid Stuff

By |January 6th, 2019|

How do we avoid doing stupid things? Tourist taking selfie near riot. Photo: Matthew Roth. Source: Flikr. CC-BY-2.0 We’ve all done them: rushed off to the airport and forgot our driver’s license. Gotten off a train or plane and left a critical item behind: a wallet, a cellphone, the car keys. We take a wrong turn on the way home – a route we’ve driven [...]

Getting Quilled

By |January 4th, 2019|

Uh oh. American Porcupine. Photo: Chuck Holmer. Source: Wikimedia That’s what we thought the other night when our dog came rushing back to the house from the nearby woods. She was acting a little strange, so we took a closer look. Sure enough, she had a mouth full of porcupine quills. What followed was about an hour of holding her still while one of us [...]

Customs, Laws, and Legislation

By |January 2nd, 2019|

That’s just not right. Litter in Stockholm, Sweden. Photo: Bengt Nyman. Source: Flikr. CC-BY-2.0 That’s our reaction when we see a social norm or informal rule being flouted, whether it’s people casually throwing trash on the street or nabbing a parking spot someone else is slowly moving into or cutting a line that’s been forming. Before governments enact laws, customs and conventions form that guide [...]

Thanks for the Memories

By |January 1st, 2019|

How reliable is our memory? Photo: Bill Anders. Source: NASA Fifty years ago, Apollo 8 had just returned from its historic mission orbiting the moon. The three astronauts had been launched into space atop a redesigned Saturn V rocket, flew over a million miles, orbited the moon ten times, had to reenter navigational data accidentally erase by commander Frank Borman, and returned safely to Earth [...]

Amped Up Injuries

By |December 28th, 2018|

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 [...]

Bumpy Roads

By |December 27th, 2018|

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, [...]

Choose Wisely

By |December 27th, 2018|

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 [...]

The Economics of Christmas

By |December 19th, 2018|

Have you ever considered the economic impact of Christmas? Photo: Viktor Hanacek. Source: Picjumbo There are lots Christmas celebrations. There’s the religious holiday, which is outside the scope of this blog. There is the secular holiday, where folks take time off to be with loved ones. It’s been noted that homeless shelters are pretty empty at Christmas. It’s the one time of [...]