October 2011 Newsletter: Do you suffer from Action Bias?
In the last few months we’ve experienced large fluctuations in the stock market in concert with high stakes debt ceiling negotiations, financial turmoil in Europe, Libyan unrest and, oh yes, hurricanes which are expected this time of year. We are starting to get crisis fatigue. If this piece looks familiar, it’s because it is. We felt it was important enough to make it the topic of our last investment review. We felt this was an important enough message to risk repeating ourselves. As if all the news we get isn’t enough to think about, it turns out that was just 5% of what has going on in...
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