Along with relationships, finance and money management is the one topic parents dread to talk to their kids about the most. While parents may be able to talk to their children about the basics of savings, discussions typically stop at that. Only about 30% of parents talk to their kids about investing money and saving […]
The US/China trade war has quickly escalated as a result of new tariffs and the threat of increasing existing ones. Both countries continuously retaliate against each other for what they believe to be unfair trade practices. The trade war has had an impact on all countries involved, triggering inflation and reducing international trade by 65%. […]
I predict that in the not-too-distant future, the term “behavioral finance” will be correctly viewed as a redundant phrase. What other kind of finance is there? Richard Thaler, Founding Father of Behavioral Finance Investors often make irrational choices when managing their portfolio investments. Such choices are fueled by an array of fears that the human […]
In any introductory economics course, one of the first things you will be told is that in economic theory, people are “rational actors” or “econs”. Econs are people who make the optimal choice based on calculated costs and benefits. Simple enough, right? But the problem with making this assumption is that the vast majority of […]
One of the most widespread misconceptions about economics is that it’s all stocks and bonds and funds. While those certainly play a large role, economics goes beyond finance, as a tool to explain why society and its people do the things we do. Interwoven with law, politics, education, and the environment, among others, economics bridges […]