Reducing The Behavior Gap

Reducing The Behavior Gap

I’ve read a handful of books recently that have discussed the psychology of investing (Thinking In Bets, The Geometry of Wealth, The Behavioral Investor) and I’ve become more enlightened on the concept of the behavior gap. Typically, I’m more attracted to the technical books since I have more of an analytical mind. However, reading these books has turned me onto something new and I wish I would have paid more attention to the behavior gap in my earlier years of investing.

How To Win Your NCAA Tournament Bracket Pool

How To Win Your NCAA Tournament Bracket Pool

Get lucky. End of story.

In reality, there is a ton of luck involved. I don’t appreciate when I get beat by my wife who makes her tournament picks based on her favorite team mascot or “their jerseys look cute”.

This year I’m going to focus on the historical performance and statistics like a true market technician would (assuming we have absolute faith in the ranking committee).

Every year there are four #1 seeds that look unstoppable until they all meet each other in the Final Four, then all bets are off. But, picking your Final Four to contain all of the #1 seeds has historically been a terrible bet.

Barriers To Entry

Barriers To Entry

The biggest news in the past couple of days has been the college admissions scandal. A slew of business executives and two high-profile actresses were among 50 people charged in a $25 million cheating scheme to help wealthy  students to gain admission to top colleges.  Why were these rich parents so obsessed with getting their kids into the top colleges?

I have some thoughts on this.

Q: Why do most people go to college? A: So you can get a good job when you graduate. There are multiple studies out there that show that college students earn much more than the typical high school graduate.

Four Comma Club

Four Comma Club

It’s been more than four months since we’ve had a stock hanging out in the four comma club, buying drinks for everyone.

Apple’s (AAPL) market cap crossed above $1T on August 2, 2018 and stayed above that level for three straight months before it went straight to the dumpster. Did you buy the dip? Or did you panic sell and think the world was going to end? December feels like such a long time ago.

Chipotle Ghosted Me

Chipotle Ghosted Me

Ghosted [‘gōst-təd] v. : When a person expresses love, interest, or affection for someone or something and the person they are speaking to only says “Ditto”, like Patrick Swayze in the movie Ghost.

Example: Ron told his girlfriend he loved her, only to be ghosted by her response of “Ditto”.

A couple of months ago, I decided to reach out to Chipotle to see if I could get one of the famed Black Cards.