by Doug Goldstein CFP® | Nov 26, 2014 | Behavior finance, Decision Making
Logical decision making is a crucial part of investing. But many investors often find themselves driven by emotion rather than logic. For example, the fear of losing, known as “loss aversion,” may tie an investor’s hands and lead him to make poor investment choices.... Click for more
by Doug Goldstein CFP® | Nov 24, 2014 | Behavior finance, Decision Making
Although it may seem that you can’t go wrong if you don’t take a risk, this is not always true. Sometimes, you can end up actually losing by being too safe. The concept of risk refers to the potential loss incurred by any move that you take. Therefore, if you never... Click for more
by Doug Goldstein CFP® | Nov 19, 2014 | Chess, Decision Making, Strategic Thinking
When Grandmaster Susan Polgar was a young girl in Communist Hungary, her ambition was to become a chess grandmaster. But in the 1970s, and especially behind the Iron Curtain, this seemed to be an impossible dream as chess was very much a man’s game, and the chess... Click for more
by Doug Goldstein CFP® | Nov 17, 2014 | Behavior finance, Chess, Financial Strategies
When starting a game of chess, the first moves are often referred to as “the opening.” Over time, various kinds of chess openings have developed, with their own names, including the Sicilian opening, the Ruy Lopez opening, the Queen’s Gambit, the English opening, the... Click for more
by Doug Goldstein CFP® | Nov 12, 2014 | Decision Making
When making decisions, on the chessboard, in the markets, and in life in general, it is important to be rational. However, as life is not always rational, this is not always so easy. In this video, Professor Randall Bartlett of Smith University, author of the course... Click for more
