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Value Creation Blog

6 Reasons You’re Lousy at Forecasting the Future

6_Reasons_Youre_Lousy_at_Forecasting_the_Futue.pngIf you were an Econ (a totally rational person) you would be able to take all of the information that’s available to use and use that information to accurately forecast what’s going to happen in the future.  That might be true if all of us including you are able to keep your biases and feelings out of the way when making predictions about what’s going to happen in the future.

The truth is you’re not an econ and neither am I.  Both of us have this problem.  We are way too optimistic about what’s going to happen in the future.

My problem with budgeting.

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Topics: financial planning, scenario planning, behavioral economics

Are You Sabotaging Your Investments?

investingI’ve always been a little confused about the term behavioral economics.  I think the term really should be behavioral psychology.  After all, it’s really about how you behave around money issues not what you do with your money.

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Topics: investing, changes, behavioral economics

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