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Normalcy Bias and a bit of Impact Bias
By Taking Care Of My Own Business  •  September 4, 2016
Yaaawwnn.  The stock markets in the last few weeks have been rather boring and uneventful.  The US-market (measured by the S&P 500) has even entered an unusually long period of volatility contraction.  The daily market moves up a bit and then down a bit.  All in minuscule steps.  We recently have gone through the least volatile period in almost 23 years. This market action can lull one to sleep. But don’t let your guard down. It is a good time to revisit two of our psychological quirks we are saddled with as part of our evolutionary baggage.

The Normalcy Bias

Everything that has ever happened in history was “unprecedented” at one time.  The Great Depression.  The crash of 1987.  Enron.  Wall Street bailouts.  All of these events had never happened… until they did.  “Black Swan Events” (or google it) do happen and often their ......
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By Taking Care Of My Own Business
Why you should be Taking Care Of Your Own Business or why you should Tacomob. Hi, my name is Andy.Andreas G. Schmidt (aka Andy) What motivated me to create this website? Well, sometimes, one can observe a lot by watching ...
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