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Common Investor Mistakes Plague Your March Madness Picks, Part 2
- by: Hank Berkowitz
- March 31, 2018
No CommentsIn Part 1 of this post, Evan Powers CFP® author of myFinancialAnswers, observed that filling out your brackets is a lot like constructing an investment portfolio. “You’re trying to find the balance between the ‘safe’ picks (top seeds, blue-chip stocks) and the ‘upset’ picks (lower seeds, growth stocks); crafting a ‘unique’ bracket that you think can outperform
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Behavioral Finance Explains Why Your Brackets Are Busted
- by: Hank Berkowitz
- March 29, 2018
Ask 100 of your (distracted) co-workers how their NCAA basketball tournament picks are holding up and 98 will tell you they got “blown up” this year thanks to all the “F’n upsets!” The other two are probably lying. How can that be? Two of the Final Four teams are #1 seeds (Villanova and Kansas) and
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Why Can’t You Make Better Decisions? Ask Your Ego
- by: Hank Berkowitz
- October 16, 2017
As most of you probably know by now, University of Chicago professor, Richard Thaler won the Nobel prize in economics last week. Thaler is relatively young by Nobel laureate standards, and his primary field of study (behavioral finance), is somewhat controversial to many in numbers-driven financial advisory world. The idea that psychological research should even