Throughout history, the world has seen many innovations created to solve problems or improve the quality of peoples’ lives that have instead gone on to cause more harm than good. The phrase “too much of a good thing” has fitting applications in both life and investing. Morgan Housel outlines how philosophies and innovations that are seemingly…
Tag: Investing
How to Overcome Home Country Bias in Investing
Home country bias is when an investor has more of their portfolio allocated to financial securities domiciled in the country in which they reside than what global market value proportions would dictate. While home country bias is pervasive across the globe, Canadian investors are typically more prone to this phenomenon. Studies suggest anywhere between 50-60%…
The Success Equation: Untangling Skill and Luck in Business
When it comes to hard decisions, humans often have a hard time separating the process of decision-making from the result. The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing by Michael Mauboussin is a great read on how to analytically approach the concept of luck in decision-making, providing insight on how to effectively…