Observations on
Psychology and the Markets
I just returned from a 10-day family vacation in northern Scotland. Fantastic time to reflect on my life, my family, and my work. Lots of adventures and experiences that I’ll look forward to sharing in the coming weeks! One of my goals for 2019 is to read more long-form, timeless wisdom which will further my quest toward being a more thoughtful investor…
I have had the honor of performing the last two seasons with the Cleveland Orchestra Chorus. As a financial professional who has always tried to fit music into his life, being able to perform with world-class musicians has been a real pleasure…
I was in New York this week for client meetings and media interviews. Found some time to swing by the Morgan Library and Museum to explore a visiting exhibit focused on J.R.R. Tolkien. Talk about a lesson in the value of spending a lifetime in the pursuit of creating something special!
From the Market Misbehavior mailbag: “What predictive power does technical analysis really have? Sometimes the signals are just plain wrong.” The short answer is that nothing’s perfect, there is no holy grail, and yet I’ve still found technical analysis to be an important piece to a holistic investment process.
Here’s the long answer…
A recent article on the Airplane Owners and Pilots Association (AOPA) website reminded me of the value of situational awareness and a big picture orientation. I was on one of my first long training flights with my flight instructor, navigating a Cessna 172 from Providence (KPVD) to our home airport of Norwood (KOWD)…
I’ve launched a new Market Misbehavior channel on YouTube, with the goal is providing short-form educational commentary exploring the relationship between behavioral psychology and the financial markets.
I started a mindfulness routine a couple years ago, during a particularly stressful period in my life. A daily meditation practice was a life changer for me, bringing a new sense of awareness and calmness to how I approach everything from work to food to my family. As with pretty much anything in life, I would often relate what I was learning through meditation back to my professional efforts. How could the lessons of mindfulness be applied to the investment process?
From the Market Misbehavior mailbag: “Dave, how do you think about candles? Specifically, weekly and monthly vs. daily candles? What if the signals conflict?” That’s a great question and the short answer is I pay attention to weekly and daily candles because I feel they are good representation of investor behavior during a well-defined period of time. The somewhat longer answer is as follows…
