First impressions count, but, unfortunately for many investors, they may count too much. The human tendency to rely on first impressions and stick with them despite later evidence to the contrary has been dubbed “confirmation bias” by cognitive researchers. It is a form of mental shortcut that allows us to make decisions when faced with a lot of information. However, […]
Month: July 2005
Client Letter – Q2 2005
Did you get a big surprise when preparing your federal income tax return this year? If you were lucky and did not, just wait until next year: your time may be coming. The dreaded alternative minimum tax took a larger bite out of taxpayers’ wallets this year, costing an estimated $6,000 apiece for more than 2.9 million taxpayers. Next year, […]
