We all like to think of ourselves as rational human beings. In reality, every one of us is prone to dozens of biases that make us think and act irrationally. Sometimes, we are aware of our biases; more often, we are not. There is an entire field of study on cognitive biases and human behavior. In fact, even simply thinking that we are rational people while knowing there is irrationality in others is called blind-spot bias. Understanding this can help us recognize when a bias is at work and can … [Read more...] about Recognizing Bias
Glenn Leest
Learning Lessons from the Gym
One of my passions is bodybuilding, and I make it a priority to make healthy choices. I go to the gym on a regular basis and eat a healthy diet – as long as you don’t count my bacon cheeseburgers and chocolate milkshakes at Five Guys. As an investment advisor and bodybuilder, I see many similarities between investing and exercising. For example, a recent study found that nearly 54% of Americans get the recommended amount of exercise. Coincidentally, 54% of Americans also invest in the stock … [Read more...] about Learning Lessons from the Gym
When is the Right Time to Invest?
I work with clients and talk to people in many different stages of life. Regardless of these differences, people often ask some of the same questions. One of the most common is, “When is the right time to invest?” We all hear about stock market movements, and it is natural to wonder if the market is too high to invest in right now and whether we should wait to invest. Or, if it falls, is it going to continue falling? When is the right time? At those times, I wish I had a crystal ball, but I … [Read more...] about When is the Right Time to Invest?