
Our Thoughts & Insight - Food for Thought


Thankfully the Tigers season is over. But it was a good reminder of recency bias.
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.

Tsk, Tsk, Tsk… why we all need Behavioral Financial Advice
Why a BFA? You may notice at the end of our business cards a three-letter designation, BFA. While we greatly appreciate jazz and modernist painters in our office, it certainly does not refer to a ‘bachelor of fine arts.’ Instead, it refers to the fact that our...
Are Volatile Stock Markets Good for Investors?
When the ups and downs of stock markets leave you stressed and wondering whether stocks really will help you pursue your long-term financial goals, there are two things to remember: Historically, over long periods, stocks have tended to move higher. For instance, at...
Halftime 2019 Summary: What to do next?
“Investors panic as the S&P 500 crashes to a year to date return of +14.5% in 2019 -Ben Carlson (Twitter, 8/5/2019) We don’t have to be smarter than the rest. We have to be more disciplined that the rest.” —-Warren Buffett We have a saying in my house. And...