A bias is defined as; “Not logical or reasonable” “…tendencies to think in certain ways that can lead to systematic deviations from a standard of rationality or good judgment”. Recency Bias refers to our expectation for future returns based on
Why all the fuss over the recent cabinet reshuffle and the firing of Pravin Gordhan (PG) as Minister of Finance. Quite simply the treasury has been “captured”; the next institution under threat would be the Reserve Bank and then the
At the risk of committing career suicide I would like to admit the following. I have no idea the affect Trump will have on our share market over the next few months…..I can hear the response “What! You don’t know.
Blame it on a mid-life crisis, but I recently acquired a motorcycle much to my mother’s dismay. I vividly recall the same response from her some 32 years ago when my Dad agreed to me getting a 2nd hand 50cc
The secret of happiness or rather the reason for unhappiness is the gap between our objective reality and our imagined expectations. If you imagine yourself flying 1st class, you are not likely to be very happy while sitting in coach.
The problem with having written this column for 15 years is that you eventually start sounding like a broken record, for millennial readers that is those vinyl black things in a cardboard box in the garage. The thing about successful
As investors we hate ambiguity, we want certainty, which is why we dislike the idea of randomness. We want our advisors / managers to know exactly what is going on. Financial experts must speak confidently and explain what is driving
The title of this week’s article sounds more like a tropical storm warning than a warning to investors, which may be appropriate given that TINA can be just as devastating on your wealth as a category five hurricane when making
A recent overseas study indicated that 50% of people did make use of a financial adviser. The reason given was a mistrust of the profession with most potential client choosing no advice over bad advice. Another study commissioned by Vanguard
Warren Buffett reckons to be a good investor “All you need is emotional control and the temperament to avoid self-destructive behaviour”. If that is so, why is it so difficult for the average investor? The problem is we are intuitively “wired”