Our Thoughts & Insight - Behavioral Finance
The Fog of War: Lessons from Napoleon’s defeat at Waterloo in our investment battle against COVID-19Last week, as I sat on a call with some of the leading experts detailing the stimulus afforded by the CARES Act to combat the COVID-19, I alternated between fighting feelings of hopelessness and hopefulness. Our lawmakers are hoping that the legislation – a...
According to the Life Insurance and Market Research Association, only 57% of American adults currently have life insurance! That is down two percentage points from 2018 and a full six points from five years ago. Of those who have life insurance, 32% only own group coverage through their employer or some sort of work. LIMRA estimates that group coverage usually leaves a coverage gap of an average of $225,000.
Postseason baseball is upon us, but not here in Detroit. However, back in April some fans and pundits thought it was a distinct possibility. Cue, recency bias. A flaw seen in both many fanatical diehards and financial decisions.