The macro economy picture NOW (8/2019)in the US that would have a world impact. What to watch: Consumer is strong; Fed has eased, but there is an inversion of the yield curve. Mental Model Podcast discusses other factors that could indicate a recession is 22 months away and George Baxter's mental model of a possible recession.
Forthcoming book: "Understanding Behavioral Bia$: A Guide to Improving Financial Decision Making" AVAILABLE...November, 2019
By Dr. Daniel Krawczyk & George Baxter, JD, CFA
Publisher Business Expert Press
Do you want strategies to make better financial decisions?
Do you want to be a better investor and earn more money?
If you said yes to any or all of the above questions, than this book is for you!
Selection Bias can keep us hunting for what is most present on our mind, Waldo or the new Toyota we are planning to buy. Once we have committed to a decision we will see that specific brand everywhere. We are experiencing selection bias. Our brain is guiding us to what is most present on our...
Be the courageous investor! Fear linked to 3 things:
1: To little information
2: Potential Threat
Investing is linked to 2 things:
The Salience Bias is linked to fear and uncertainty and your primal brain functions in your amygdala. There are 2 types of...
Rationalization and thesis drift is akin to wrestling with muddy pigs... it’s slippery and you will lose $$$. For investors ”thesis drift” is the tendency to rationalize bad news and come up with fresh reasons to still like a stock. Don’t accommodate your viewpoint for a group of facts that you...