September 15, 2009 at 3:57 am
· Filed under books, in the news, investing, psychology
Illusionist Derren Brown recently started a media frenzy in Britain by apparently “predicting” the lottery numbers on live TV. In an alleged explanation of his feat Brown claimed to have averaged the predictions of 24 people, citing Francis Galton’s discovery that the combined estimate of a crowd is often more accurate than any of the individual estimates.
While it’s unlikely this approach can successfully predict lottery numbers, Brown’s trick has introduced a mass audience to the phenomenon explored in James Surowiecki’s The Wisdom of Crowds. Read the rest of this entry »
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September 9, 2009 at 4:58 pm
· Filed under consumer, financial planning
One of life’s great mysteries is why even the most capable and intelligent people seem to hit a mental block when it comes to budgeting their personal finances. This simple guide will help you manage your money more effectively.
Why Money Matters
Perhaps many of us have an aversion to home budgeting because poring over financial statements isn’t the most exciting of activities. One way to get motivated is by reminding yourself of the importance of money. Read the rest of this entry »
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September 5, 2009 at 5:15 pm
· Filed under externally authored, investing
by Steve Selengut
As impossible as it is to predict the future of the markets, it’s relatively easy to anticipate what you are going to experience when you view your next brokerage account statement.
Whether you go the discount route through Schwab, Ameritrade, Fidelity, etc., or enjoy a higher level of service through an independent like LMK Wealth Management, you should never be surprised by the market values reflected on your monthly statement. Read the rest of this entry »
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