We all believe we’re more empathetic than average, which is statistically impossible. Empathy is too often discussed in abstract terms, leading to misleading conclusions.
Solin’s Rule For Picking Stock “Winners”
The next time your broker recommends you buy an individual stock, just say this: I follow Solin’s Rule. I don’t want to try.
The Reward in Not Giving Advice
Try to avoid giving advice when you aren’t confronted with an unambiguous request for it. This suggestion applies in all contexts.
A Smart Economist and A Dumb Coin
From 1990-2012, economists correctly forecasted only two of 60 recessions that occurred around the world a year in advance.
Video Power
It’s critical for financial advisors to demonstrate their unique qualities on your website. One really effective way to do that is through video.
Shocking News About Actively Managed Mutual Funds
Over a 15-year period as of December 31, 2018, 49% of actively managed, US based mutual funds went out of business. A 50% failure rate for anything is high.