by Stoffel | May 22, 2025 | Biases, Decision Making, Investing
Few books have had as profound an impact on the way we understand human behavior, especially in the context of decision-making, as Thinking, Fast and Slow by Daniel Kahneman. Published in 2011 and based on decades of psychological research (including his work...
by Stoffel | May 1, 2025 | Biases, Decision Making, Investing
Imagine losing $100. Now imagine finding $100. Which experience feels stronger? If you’re like most people, the pain of losing that money hits twice as hard as the pleasure of gaining it. This psychological phenomenon is known as loss aversion, one of the most...
by Stoffel | Apr 5, 2025 | Decision Making, Investing, Portfolio Management, Risk Premia
Tariffs, Tumult, and Staying the Course: A Note to Long-Term Investors Markets are down. Headlines are loud. Uncertainty is abundant. But for long-term investors, this is not the time to panic. In response to a new wave of global tariffs announced by the Trump...
by Stoffel | Apr 3, 2025 | Biases, Decision Making, Investing
Imagine having tomorrow’s news today. Would you use it to strike it rich in the markets? That’s the premise behind a fascinating experiment conducted by Victor Haghani, James White, and Jerry Bell, described in their article “When a Crystal Ball Isn’t Enough to Make...
by Stoffel | Mar 27, 2025 | Biases, Decision Making, Investing, Leverage
Originally published March 2025 – updated April 2026 to reflect new research and a tighter structure. Introduction Most people who invest believe they are keeping pace with the market. Not beating it – few expect that – but roughly tracking it. The evidence,...
by Stoffel | Oct 15, 2024 | Biases, Decision Making, Speculation
Many people lost lots of money in the past “investing” too much of their money into perceived lucrative opportunities. Think Gamestop. During the GameStop short squeeze in early 2021, many retail investors rushed to buy GME shares as the stock price soared due to the...
