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Category: Behavioural Finance

Long Term Investment Solutions

FOBO: The Silent Saboteur of Wealth

“In the face of too many choices, we often choose nothing—and pay dearly for it.”   (Barry Schwartz, The Paradox of Choice) Everyone knows about FOMO. But have you even heard of FOBO, let alone contemplated how it might be kaiboshing your wealth targets? Fear of Better Options is a clear and present danger… The buffet of…
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“It’s a Waste of Money”: Even the Rich Can Have a Scarcity Mindset

“Money is a terrible master but an excellent servant.” (P.T. Barnum) It seems strange. A man with more money than he could ever spend – a wealthy investor, entrepreneur, or heir – still often says, “It’s a waste of money.” He longs to see his children overseas, yet he won’t fly to them because he…
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