Day after day, week after week, and year after year, you work hard to make a decent living for yourself and your loved ones. You put in countless hours in order to accumulate the level…
Suppose you were thinking about getting a dog. Before going out to get one, you decide to do some research on whether or not it’s a good idea to have a pet dog with kids…
One of the most famous stories in the history of philosophy is Plato’s allegory of the cave. If you don’t remember the story, I’ll give you a summary. Plato sets the scene by describing a…
If you weren’t interested in making money, I don’t think you would be reading this right now. As an investor, or aspiring investor, it’s stating the obvious to say that you are interested in maximizing…
There are two kinds of people who go to visit a casino. First, there are the people who actually believe they’re lucky. They think they’re going to win and, the more they play and the…
It doesn’t matter which news channel you have your television set on. Every channel likes to talk about the markets. The economy is always a hot subject that people love to talk about. In discussions…
I’ll begin this article with a little bit of Christmas in July. Some of the most popular stories told during the holiday season are various renditions of Charles Dickens’ tale, “A Christmas Story.” As you’re…
You’re standing in line at the gas station, and you notice the guy in front of you browsing a display of lottery tickets. His eyes are bouncing lackadaisically from one ticket to the other until,…
In the market, there are ups and downs. There is good volatility, in which the market is up, and then there is bad volatility, in which the market is down. Anyone who so much as…
In 1985, three cognitive psychologists published a study that enraged sports fans all across the nation. Thomas Gilovich, Amos Tversky, and Robert Vallone were curious as to whether or not the notion of the “hot…