How Recognizing Cognitive Biases Can Improve Your Investment Performance

by Elle Kaplan | Nov 16, 2022 | Blog, Health, Mindset

“Nothing is so difficult as not deceiving oneself.” Ludwig Wittgenstein, 20th century Austrian-British philosopher There are many ways in which flawed thinking is hardwired into our brains. Wikipedia has compiled a collection of more than 150 cognitive biases....

Illusion of Control

by Elle Kaplan | May 24, 2018 | Blog, Mindset

Most people choose their favorite number combination when playing the lottery. Perhaps they are trying to turn a game of chance into a game of skill. Most hold a special meaning behind their numbers (for instance, significant dates), while others simply have lucky...

How 1 Common Mistake can Affect Investment Performance

by Elle Kaplan | Apr 26, 2018 | Blog, Investing, Wealth Management

You must have confidence to be able to achieve your most ambitious goals. No one ever succeeded by limiting themselves. This is especially true in the world of investing. Every prudent investor should know how to trust him or herself to implement financial strategies...

The innocuous dangers of anchoring in investing

by Elle Kaplan | Aug 22, 2017 | Blog, Investing

When it comes to making financial decisions, we all like to think we’re rational creatures who make reasonable, informed choices. Unfortunately, this isn’t always the case. Take shopping, for instance. Advertisers and business owners are well aware that purchasing...

This Cognitive Bias Can Derail Your Investment Plan

by Elle Kaplan | Apr 18, 2017 | Blog, Investing

A made up mind is a very hard thing to change. This isn’t entirely due to humans being stubborn, however – studies have found that once you’ve formed an opinion, you subconsciously embrace any information that confirms your view, while ignoring information that casts...