• From March Madness to Investing: Why Behavioral Biases Derail Us
    • by: Hank Berkowitz
    • March 24, 2026
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    Whether your Final Four picks include Blue Chip mega-caps (Duke, Michigan and Kentucky), or low-cap growth stocks (High Point, Cal Baptist and Prairie View A&M) behavioral biases are on full display when tens of millions of Americans fill out their NCAA men’s basketball tournament brackets. March Madness is not just a three-week basketball-palooza. It is

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  • What the Final Four Can Teach the Big Four About a Winning Culture
    • by: Hank Berkowitz
    • April 16, 2025
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    Last week’s post (March Madness, April Sadness Biases for Investors and Hoopsters Alike) generated more feedback than usual, so I thought we’d do a follow-up post. With the annual NCAA Men’s Basketball tournament (aka “March Madness”) behind us, have we learned anything new about what separates  the elite teams from all the other contending teams?

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  • March Madness, April Sadness Biases for Investors and Hoopsters Alike
    • by: Hank Berkowitz
    • April 4, 2025
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    Maybe because the rest of the world is in such turmoil, the basketball gods gave us an eerily predictable and uneventful NCAA Men’s Basketball Tournament. As we head into the final weekend of “March Madness,” the Final Four remaining teams (Auburn, Duke, Florida and Houston) are each heavily favored No.1 seeds for only the second

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  • What March Madness Teaches Us About Investing Bias
    • by: Hank Berkowitz
    • March 16, 2023
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    Hard to believe, but the annual NCAA men’s Division I basketball tournament is upon us. The national championship of college basketball (aka “March Madness”) is the ultimate three-week long reality show. Where else can little known universities (aka small cap growth stocks) such as St. Peters, Loyola of Chicago, Murray State, Weber State and Florida

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  • March Madness Confirms Humans Don’t Add Much Alpha
    • by: Hank Berkowitz
    • March 23, 2022
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    First let me tell you why I love the annual NCAA men’s Division I basketball tournament (aka March Madness). It’s the ultimate reality show. Where else can little known universities such as St. Peters, Loyola of Chicago, Murray State, Weber State, Florida Gulf Coast and Valparaiso suddenly jump into the national limelight with upset wins

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