A recent article by Morningstar offers findings of a recent study showing that most Americans are overconfident and argues that investors “tend to make snap decisions and irrational—sometimes destructive—mistakes, based…
Tag: Investor Behavior
Americans are All In on the Stock Market
Individual investors are “holding more stock than ever before as major indexes climb to fresh highs,” says a recent article in The Wall Street Journal that adds, “They are also…
The Voting Machine vs. the Weighing Machine
By Jack Forehand, CFA, CFP® (@practicalquant) — In the short run, the market is a voting machine but in the long run, it is a weighing machine.Benjamin Graham (Sort Of) I am…
Investment Advice from Poker Star: Focus on Decision-Making Process
A recent Barron’s article highlights an interview with poker star Maria Konnikova, a writer who has “parlayed her doctorate in psychology into a career chronicling human behavior and decision-making” and…
Excess Returns, Ep. 41: Is Direct Indexing the Future of Investing?
Technology has allowed all of us to personalize many aspects of our lives. Rather than accept products tailored to a wide range of people, we are now able to customize…