by Doug Goldstein CFP® | Aug 13, 2014 | Behavior finance, Strategic Thinking
The fear of losing, known as “loss aversion,” trumps the joy of winning in most situations, and this imbalance frequently causes people to make poor choices. Going for the least-chance-of-defeat decision may at first glance seem wise, but this strategy certainly won’t... Click for more
by Doug Goldstein CFP® | Jul 29, 2014 | Behavior finance, Financial Plan, Inspirational Quotes
[dropshadowbox align=”none” effect=”raised” width=”250px” height=”” background_color=”#ffffff” border_width=”1″ border_color=”#dddddd” ]The fear of losing, or loss aversion, trumps the... Click for more
by Doug Goldstein CFP® | Jun 23, 2014 | Behavior finance, Chess, Strategic Thinking
In my previous post, I talked about how to deploy the power of Black Hat thinking to avoid making costly blunders when making a decision. Now, I will look at Red Hat thinking. This thinking hat considers the role of feelings and intuition. Move Over Left Brain The... Click for more
by Doug Goldstein CFP® | Nov 27, 2013 | Behavior finance, Decision Making
Fear can paralyze you. But what about fear is it that causes you to freeze, unsure about your next move. Is it fear of the unknown, fear of making the wrong decision, or fear of not being able to properly manage a situation? Some people are better decision makers than... Click for more
