Recency Bias

Recency Bias

Just a little over a year ago the stock of Facebook was being sold relentlessly and people were advised to avoid it. Now, if you have bought $5,000 of stock about 12 months ago it would be worth over $15,000 today. The stock had a decline, but the overall trend has...
Chess

Chess

A couple of weeks ago I was watching some family members play a game of chess. I used to play well, but these days I am not much competition for a good player. As I was watching it struck me how a good game of chess is similar to a good life of stewardship. First of...