On March 5, Tufte was appointed by Obama to a panel to advise the Recovery Accountability and Transparency Board, which monitors the way the $787 billion in the stimulus package is being spent. Tufte’s initial work will be on the recovery.gov website, which is the primary way the board will conduct business transparently to the [...]

As we dealt and continue dealing with the fallout from so many executives making such terrible decisions, the simplest advice seems the most appropriate. Figure out what you care about and devote yourself to that purpose. Stay the course, even when your colleagues wander off course. And never forget that if something sounds too good [...]

“Approval, though, is not the goal of investing. In fact, approval is often counter-productive because it sedates the brain and makes it less receptive to new facts or a re-examination of conclusions formed earlier. Beware the investment activity that produces applause; the great moves are usually greeted by yawns.” – Warren Buffett, in his letter [...]

Last Sunday’s New York Times pointed to new research that indicates that future returns of the stock market are far more uncertain than appreciated,  making the market much riskier than investors believe. As investors come to grips with the study, stocks could be permanently discounted at a level below Professor Jeremy Siegel’s mean (over a [...]

Charley Schwab had an opportunity to create a true conversation about retirement built around some very interesting survey findings.  They had the chance to create a social media community.   Instead, they just plugged in some corporate talking heads and made it just another site selling IRAs. Take a look at Rethinking Retirement, and see if you [...]

“Psychological and economic theories suggest that humans seek to minimize costs and maximize gains. Increasing the perceived benefit/cost ratio increases a person’s motivation to engage in the behavior.” – B.J. Fogg