Successful investing requires overcoming one’s own psychological foibles – but you must identify them first.

Since Richard Thaler recently won the Nobel Prize for his research into behavioral aspects of financial decisions, we thought it would be timely to share a few of those insights. Risk takes many forms, many of which are out of our control, such as the risk that the market might crash, or that inflation and interest rates may rise. But then there’s the risk that psychological weaknesses might skew decision making, getting in the way of investing success. Behavioral risks are within our control! Read full article