In his book “Thinking, Fast and Slow” Daniel Kahneman describes a theory of humans’ two modes of thinking: System 1 (fast, subconscious, effortless, automatic) and System 2 (slow, conscious, logical, requires effort, responsible for controlling behaviour) Our tendency is to tackle incoming stimuli with fast and effortless System 1, but result may lead to decisions which […]
The look is more modern, the platform is built for blogging. The accumulated content (hopefully) made it all across, though some links are yet to be repaired. Accessibility is better with the Contents links on the left and the site Search on the right. While the migration was uncomfortable, I am pleased with the result; […]
The Economist’s Buttonwood Notebook blog is one of the most insightful big picture bloggers around
“Research on Annuities” Letter to the Editor
Dear Governor Crist, What about the Snowbirds? At the risk of losing your interest in continuing to read this, I am a Canadian, a Snowbird, and not a homesteader. I enjoyed wintering here over the last 5 years, but I no longer feel welcome in Florida. I listened last night to you and Senator Atwater […]
“Snowbirds say they get cold shoulder on taxes” (Interviewed by Geoff Kirbyson in The Bottom Line,September 2007) “The voters who could stop the elected officials from having this very large increase in spending, they didn’t care. The snowbirds, who were shouldering the increased load, couldn’t vote. Politicians were pandering to voters, with sentiments along the […]
(Originally posted October 28 2009) “There is only one free lunch in investing, and this is asset allocation….Over time, it consistently leads to higher returns and lower risk.” (“Krawcheck stakes her new claim” This blog should be read in conjunction with the Asset Allocation blog under the Education tab of this website. The objective here […]
Pension/Retirement Plan Reform One of the interesting topics at the CFA conference that I recently attended was the topic of required pension changes to be implemented urgently with the accelerated unraveling of the defined benefit (DB) plans, the misapplication of the defined contribution (DC) plans and the often mentioned inadequately funded Social Security liabilities. At […]
“Tax system is not just ‘loony’; to snowbirds it’s outrageous”, Letter to Editor of Palm Beach Post, March 10, 2007
RetirementAction.com 