Both are legitimate evolutionary instincts, but in our minds they sit together uncomfortably, revealing a tenuous relationship between our current and future selves—who

As we’ll see in the square, having a clear and up-to-date set of expectations for our investments is elusive, explaining why so many people have poor investment experiences. At the time of “consumption”—the moment you officially own the stock or bond or fund—none of your senses is engaged. Because nothing happens. Indeed, with investment products,

According to Timothy Wilson in Redirect, those who fare better in life “have better coping strategies in the face of adversity—they confront problems rather than avoid them, plan better for the future, focus on what they can control and change, and persist when they encounter obstacles instead of giving up.”44 Those who take the prepared mind serio

Uncertainty abounds. In many instances, we don’t know what we’ll want in the future. In fact, recent research goes even further and suggests that we don’t know who we’ll be in the future.

who we are now and who we will become. We cherish both presence and progress as each galvanizes a meaningful life, albeit in different ways. The goal here is not to declare victory on the philosophers’ ancient battlefield of being versus becoming; that’s not possible. But with awareness of the tension, and perhaps some preparation and perspective f

Most of the time most people, at every stage of life, want just a little bit more.

Ultimately, we must acknowledge and navigate the eternal tension between having enough and wanting more.

Whether you live on a country estate or in a one-bedroom flat; whether you have perfect features or are a strong candidate for plastic surgery; whether you enjoy family bliss or

Underneath the expansive sky of behavior, on the broad terrain of traditional finance, there are three paths toward making skillful investment decisions: Choosing the right markets, choosing the right components within those markets, and choosing the right times to enter and exit those markets. In wonkier terms, these are known as asset allocation,