Playing with the Box

I was on a cross country flight recently and I re-read a book called “Simple Wealth, Inevitable Wealth” by Nick Murray, a former rock star speaker who was beloved by the financial advice industry – mostly because he constantly told his advisor audiences that they are great, do important work

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Start Date Bias

Some people have really short memories.  Investing is one of the most emotional pursuits that many humans engage in, yet so often, we seem determined to make decisions based on the recent past rather than on long-term history.  Behavioural economists call this phenomenon “recency bias”.  In simple terms, it means

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Make that RRSP Contribution a Conservative One

Every year around this time, people like me pound their fists on the proverbial table for ordinary Canadians to make an RRSP contribution.  Spoiler alert: that’s what’s going to happen here, too.   What’s different in this post is that I’m going to go a little bit further than others

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A Penny Saved is a Penny Earned

Isn’t it amazing how so many people can know something and not know it at the same time?  That’s a teaser question, but likely a fair one.  Allow me to illustrate the dichotomy. How many humans do you know who have heard and generally agree with the statement, “a penny

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Define “Bubble”

The word “bubble” is bandied about often to explain quick and often unwarranted run-ups in securities prices.  If you use the word in that context in a general conversation about economics, most people will have a quick, intuitive understanding of what you’re talking about. Interestingly, two of the most prominent

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