Thinking Money Over the Holidays

The PBS documentary Thinking Money: The Psychology Behind Our Best and Worst Financial Decisions probably won’t take root as a holiday tradition like gathering the family round to watch It’s a Wonderful Life. But it’s sure to be a worthwhile reprieve from binge-watching A Christmas Story and other holiday TV classics. For more information on when Thinking Money is airing and to watch short clips from the show, check out this website. >> Discussion: What would you do with a …

Are You an Irrational Investor? Here’s How to Tell

Too many of us are irrational investors. Acceptance of this fact and understanding the roots of our irrationality are the keys to better investing. First, the facts. Many studies show that a lot of investor money moves in and out of stock funds at the wrong time, often buying high and selling low. For example, at the height of the 2007 stock market bubble, investors were pouring money into stock mutual funds. After the 2008 plunge, however, those same investors took their …

Are We Teaching Our Next Generation the Right Stuff?

I was on break from college, and proud to tell dad about my new major. “General Studies in the Humanities” sounded cool to me, but he was less impressed. “What the hell use will that be in world?” he wanted to know. “I’ll be a better human,” I snarked, stumped for a better answer. A report released today would have helped my case with dad. The Heart of the Matter comes from the American Academy of Arts and Sciences’ Commission …

Isabel Benham: Wall Street Pioneer

Isabel Benham was the first woman to become a partner at a Wall Street bond firm, but it wasn’t easy. When she graduated from Bryn Mawr with a degree in economics in 1931, a dean at the school gave her some advice on how to get a job in the financial industry: Learn to type. Others were more dismissive. “Go home to mother, join the Junior League, get married and live happily ever after,” she recalled them saying. Fortunately, Benham, …