A Lesson from Tom Brady: Effectively Combating FearFebruary 20th 2019
Everyone has fears and many people have fears of failure or stepping into the unknown, and that’s ok. No matter how detrimental it becomes there is a way to combat your fears. Even Tom Brady has his own fears, and his method of combating them is one you can do to.
Lessons Learned from Investing Under the UGMASeptember 20th 2017
Nearly two decades ago, Shirley Mueller and her husband invested in their granddaughter's future under the Uniform Gift to Minors Act (UGMA). The physician turned financial advisor assesses the present and future outlook of the contribution.
Becoming a Better Investor: Hindsight BiasMay 31st 2017
As an investor, it's critical to document your reasons and expectations for purchasing stock. This helps to counter hindsight bias, which tends to make people overstate after the fact what they anticipated before they made the decision. This is an approach professional investors use, but other individuals do not.
Preparing for Investing UnknownsMay 17th 2017
Are we on an investment cliff? Itâ€™s in our nature to assume that current trends â€“ whether good or bad â€“ will continue. But itâ€™s important to keep in mind that the market is random. Predicting its future from the recent past is less than accurate. Thatâ€™s where the statistical principle, regression to the mean, comes in.
Elon Musk is now saying that private citizens can fly to the moon. The cost? A lot â€” millions and millions and millions. But, there is a way for us lesser beings to participate. By visiting the Atacama Desert, the driest place on earth. Its terrain is like the moon. The advantage to more minor mortals is that the price is minimal compared to a moon jaunt, plus getting there and coming home is easier (also safer, I assume).
Doctors who are Collectors: More than Portfolio DiversificationApril 5th 2017
Often doctors are collectors. In fact, some diversify their financial portfolios with fine art, wine or cars. This begs the question, what are collectors aside from sometimes being physicians? Two philosophers, John Dewey (1859-1952) and Jean Baudrillard (1929-2007), tackled this issue.