• 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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  • 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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