“The road to mediocrity is paved with good intentions.”
“You can’t use these while you’re using this,” I explained to my daughter, pointing to my ears then to my mouth. One of the things no one tells you about being a parent is that you will spend much of your life coaching your children to be better communicators. Unfortunately for many of us, they tend to pick their worst habits from their parents!
This week the Wall Street Journal provided yet another article about moderating and/or flat out eliminating your usage of social media. As with many things in life, a little bit can be a positive, but too much is too much. So what’s the right balance for investors?
It's so easy to reduce Behavioral Finance to a bottomless list of biases. As with many aspects of the financial industry, we get way too focused on labeling things instead of understanding them. A recent article from Behavioral Scientist pointed out the limitations of defining Behavioral Economics (which I tend to use interchangeably with "Behavioral Finance" because as far as I'm concerned they're the same thing) as a series of fallacies.
My family and I are on Spring Break this week in Sicily. We decided to go full immersion and rented a house in a small town outside of Palermo. We travelled via Munich and had a couple days there to explore before heading to Italy. As I had hoped and expected, we're learning so much about new people and places. At the same time, we're learning a great deal about ourselves as well as the universality of the human condition.
I was honored to receive the Mike Epstein award last week in New York from the MTA Educational Foundation. This is an award given "for support of the MTAEF mission, and being an outstanding advocate of Technical Analysis."