I took my annual look at my investments this week, and boy did I get it wrong. A few years ago, I determined I should have about 70% of my investments in equities. Instead, as of yesterday, I had less than 60%. Most of the excess was in cash, earning essentially nothing and missing out on … Read more
Many of the most important decisions we make involve trade-offs between the present and future. How much of my income should I save today for my retirement? What costs should governments incur today to reduce the risk of catastrophic climate change in the (hopefully) distant future? How should businesses allocate investments that pay off in … Read more
As the father of two teens who happens to be fascinated by decision making, I had a special interest in “The Terrible Teens“, in the August 31 New Yorker. It opens with vivid visual of (male, of course) adolescent mice drinking alcohol to oblivion. According to author Francis Jensen, teens’ frontal lobes aren’t yet that … Read more