Forest or Trees

Forest or Trees

Far too often, we as advisors (and clients) focus on the underlying product, constantly churning the portfolio, seeking the best product of the day.  We may not give a strategy we once fully believed in time to perform or serve its role, ultimately leading to frustration and disappointment. This is a statement about any (fund, individual stock, ETF, bond), tree inside the (portfolio) forest

Riding the Elephant

Riding the Elephant

There is an analogy psychologists use to think about how our brains work. It is called “the elephant and the rider.” Sounds crazy I know, but bear with me. Your brain has higher functions and is capable of making rational decisions (the rider), but it also has powerful emotions that can lead it to react strongly to anything that causes fear or tempts with things it likes (the elephant).