Shirley M. Mueller, M.D.

Articles by Shirley M. Mueller, M.D.

You may not even realize it, but physicians make up a large part of the collector community. Why is that? One reason is the sense of passion it brings that helps balance life outside of the clinic.

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.

Are we on an investment cliff? It’s in our nature to assume that current trends – whether good or bad – will continue. But it’s important to keep in mind that the market is random. Predicting its future from the recent past is less than accurate. That’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 — 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).

A 3-day trip to Frankfurt, Germany, that included art museums, an auction house, the boyhood home of Goethe, and a detailed look at the bombings of WWII and the continued reconstruction efforts.

Identifying the trustworthiness of a person's actions is important to the financial advisor-client relationship and can be the difference between success or disaster.

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