Marotta Family Saying: Make Half a Mistake
Three generations explain this family saying which teaches one method of mitigating risk.
Three generations explain this family saying which teaches one method of mitigating risk.
Because of Mexico’s current valuation, we believe that it has the possibility to perform well regardless of how this potential conflict resolves.
These strategies are strong in both good times and bad.
If China booms, it may be a mistake that we reduced the allocation. If China undergoes investment controls, it may be a mistake that we kept China at all.
“Emotion can undo the best-laid financial plans.”
In 2010 I published a column entitled “Now’s Still the Time to Buy a House.” Investing is like chess in slow motion. It is important to review your moves to see how they turned out. Sometimes they don’t turn out well. Our prediction about real estate, however, was brilliant.
Everyone is expecting real estate to underperform the stock market for many years going forward.
Our first reaction to a complicated situation, usually instinctive, often does not serve our best interests. One heuristic that the brain uses to solve complex evaluations is to make an initial guess and then adjust from that point. This mental process is called “anchoring.”