What's up folks! How's your summer weekend going? High 90s here (in Freedom Units).First up: our friend Nelson at Financial Uproar updated the stock picking … [Read more...]
Mortgages are Still Cheap: July, 2017 Edition
The cost of buying a house is still out of reach for many want-to-be buyers, but one thing's for sure: mortgages themselves are very cheap. Even though the Federal … [Read more...]
Inflation Expectations through 6/27/2017
One series we keep a careful eye on here at Don't Quit Your Day Job... is Treasury Breakevens. By subtracting the real yield on inflation adjusted securities from the … [Read more...]
How Round Number Bias and Psychological Pricing Affect Your Gains and Spending
You may have partied like it was 1999, but the big celebration was in 2000. Your shopping cart is consistently full of products with prices ending in ".99". Your last … [Read more...]
The DQYDJ Weekender, 6/17/2017
Happy Father's Day everyone! Links We LikedPriceonomics had a nice post estimating how much people are pulling in from the so-called 'gig economy'. Amazon is … [Read more...]
Anchoring and Adjusting to Numbers
Anchoring or the Anchoring Bias is the human tendency to evaluate or "anchor" numbers based on their presentation. Observers and participants will usually be swayed by … [Read more...]
Imposter Syndrome: Does This Article Even Belong Here?
Imposter Syndrome - or the Imposter Phenomenon - is a feeling of intellectual self-doubt where people fear exposure as a "fraud". In the face of (often overwhelming) … [Read more...]
7 Tricks and Cognitive Biases to Fool Your Audience!
We all make mistakes. We all hold false opinions. And we all perform mental gymnastics to hold onto false facts and reject true facts. Why does this happen?(Sorry for … [Read more...]
An Authoritative Take on the Dunning-Kruger Effect
“One of the painful things about our time is that those who feel certainty are stupid, and those with any imagination and understanding are filled with doubt and … [Read more...]
What is Your Asset Allocation in 2017?
One good habit to get yourself into is an, at a minimum, annual financial health check. For me, I often do a deep dive into our finances during tax season. "Thanks" to … [Read more...]
The DQYDJ Weekender, 5/14/2017
We lost my grandfather last week - a great man and a true original. He had unfortunately been battling a strange blood disorder for quite some time.My grandfather … [Read more...]
Price Weighting Doesn’t Make Sense for Stock Indices
The Dow Jones Industrial Average is composed of 30 stocks meant to "represent" the industrial health of American companies. Some of the companies included on the list are … [Read more...]