How our spending should be based on opportunity costs in terms of the value we get from what we buy compared to other ways we could spend our money. In this episode you’ll learn: What are opportunity costs.What is anchoring and mental accounting.How the pain of paying is a function of the time and attention we spend on the transaction.How using credit cards makes paying less painful.What is confirmation bias.. Show Notes Dollars and Sense: How We Misthink Money and How to … [Read more...]
145: People Like Us Invest Like This
Our view of the world dictates how we should and should not invest. In this episode you'll learn: Why financial markets are getting more risky and unpredictable. Why the economy and financial markets are not simple machines that can be controlled. How to invest in a ceaselessly creative, radically unpredictable world. Why we could be experiencing a regime when it comes to indexing and ETFs that might mean using non-indexing strategies. Show Notes Uncertainty - … [Read more...]