“The top six hedge fund managers and traders averaged more than $2 billion each in earnings last year, partly because of the egregious “carried interest” tax break. President Obama has been unable to get financing for universal prekindergarten; this year’s proposed federal budget for pre-K for all, so important to our nation’s future, would be …
Daniel Kahneman’s Thinking, Fast and Slow is a must read for those interested in how our minds work. Kahneman is most famous for receiving the Nobel Prize In Economics for his work on Behavioral Finance, quite an achievement for a non-Economist. His recent books gives formal shape and systematizes the paradigm-shift from our cultural understanding of …
Best Book This Year: Daniel Kahneman: Thinking, Fast and Slow Read More »
Brad Kontz is an Associate Research Professor at Kansas State. In the June 2011 edition of The National Psychologist he sums up some recent research. For more information, take a look at my section on Inner Finanial Health. Americans have a troubled relationship with money. According to the APA’s “Stress In America” survey, 76% of …
Many people don’t think of caring for their self in the future. Americans do a poor job of putting money aside for retirement. There are many money scripts that can contribute to this, and figuring out which ones are preventing you from setting aside money can take some digging. For instance, it could be due …
Does the outcomes of federal elections change your investment outlook and strategy? Perhaps in ways you are not aware! There are all kinds of things that affect investment decisions, many of them working below the level of consciousness. Mark Hulbert frequently gives out interesting tidbits in his weekly Sunday column in the New York Times Business Section. His January 31rst (2010) column reports …