You have probably heard the tale of the tortoise and the hare, but I am guessing that you are not as familiar with the story of the T-Rex and the cockroach.  The mighty T-Rex is celebrated in museums and movies as the biggest and most dominant and terrifying…Read more

Suppose you have a perfectly healthy 100-year-old neighbor who never exercises and smokes two packs of cigarettes a day. Would you quit exercising and start smoking two packs a day in hopes of living a healthy life into your 90s?  Would you begin living your life based on…Read more

People who know me well will tell you that I tend to get in a rut when it comes to food (I prefer to think of myself as consistent).  If I’m not going out to lunch on a particular day, one of my ‘rut’ foods is a pack…Read more

Previously, we discussed overconfidence and its dangers when it comes to investing and making financial decisions. In this post, we want to talk about some fairly simple things you can do to combat overconfidence. One of the best therapies for overconfidence is feedback. In a nutshell, feedback allows…Read more

We often misjudge ourselves and overestimate our abilities. In a word, we are overconfident. If you are confident that you are not overconfident, then I would suggest that you might want to keep reading! One of my favorite examples of overconfidence was a survey where a group of…Read more