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STAND UP AGAINST RACISM

Just for the sake of variety, this post is NOT a myth.  We all need to be aware of and successfully discourage prejudice, not only by others but especially by ourselves.  None of us is innocent.  “The problem with the world is that the intelligent people are full of doubts, while the [rest] are full …

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It Is Possible To Get “Neutral” Advice

In their 10-year-old easy-to-read book, “Nudge, Improving Decisions About Health, Wealth and Happiness”, Nobel Prize winner Richard Thaler and Cass Sunstein describe “choice architects” (of which I am one) and the drivers behind their recommendations.But before I give those details, in my substantial experience part of the impossibility of giving “neutral” advice is that there …

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Your Eyes Reveal Whether You are Lying or Telling the Truth

 This myth is still being bandied about by “experts” in fields from management to law enforcement.  The myth is that if a right-handed person looks up and to the right while speaking then they are lying.  To the left, they are telling the truth.  This scientifically controlled study, however, showed no relationship between lying and …

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It’s Impossible to Find Socially Responsible Companies

This is absolutely not true, as Sustainalytics demonstrates in this article that appeared in ThinkAdvisor magazine.  Socially responsible investing (SRI) has evolved into ESG investing which is more relevant, I think.  ESG stands for Environmental, Social and Governance (that is, corporate governance).  An ESG screen is proven to reduce future volatility.https://www.thinkadvisor.com/2018/02/26/use-these-10-esg-factors-to-avoid-riskiest-investm (this link works for …

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IT IS EASY AND SIMPLE TO EVALUATE ADVISERS AND THE FINANCIAL STEPS THEY RECOMMEND

I must confess at the outset to a bone-deep weariness of this pervasive myth.  It is dangerous.  It is ignorant.  It is inaccurate.  And, more importantly, it is self-destructive to the average investor.  This myth compares quite aptly to racism and sexism, which are uneducated snap judgements of others based on sheer irrelevancies such as …

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