The Foolish Corner | KBIA

The Foolish Corner

'The Foolish Corner' author JOHN HOWE cautions those who lived through the financial crisis of 2008/2009 but may have forgotten that during that time period the stock market dropped 50%, and those who are new to investing and think that a 19% return is normal, to not get too "complacent." January 13, 2020

"When we think about success, people who are successful know that they have worked hard, almost invariably...and it's easy to think that that's the sole determinant of their success; but I think there's a lot of luck...that goes into it." -- JOHN HOWE, finance professor and author of 'The Foolish Corner'  October 10, 2019

"Framing" is presenting the same information two different ways. When dealing with money, that can greatly affect a person's perception of the situation. Author JOHN HOWE, 'The Foolish Corner: Avoiding Mind Traps in Personal Financial Decisions', illustrates this idea further by using gambling and any news you might get from your financial advisor. July 29, 2019

Roughly 10,000 baby boomers retire each day. JOHN HOWE, author of 'The Foolish Corner,' says planning is key to a proper retirement because people are "living twenty, thirty years after retirement and that's a fairly long period of time to have to support ourselves." January 31, 2019

Research shows that during the holidays, people tend to under-report their bad habits - like eating - and over-report their good habits - like exercise - to both friends and family alike. This is what's known as your "social desirabilty bias." To help put things in perspective, author JOHN HOWE, 'The Foolish Corner', joins us with a few ideas on how to curb these common sense tendencies that we've all been guilty of at one time or another in our life. November 19, 2018

"The Foolish Corner" author JOHN HOWE uses the FIFA World Cup, and more specifically, the goalie position, to explain what he calls a "biased towards action" when investing in the stock market. July 25, 2018

Today Paul Pepper visits with 'The Foolish Corner' author JOHN HOWE about "myopic loss aversion." What does that mean? Simply put: if you invest in the stock market, you dislike the loss more than you like the gain. Why does this happen? John says it's evolutionary (losses can have detrimental consequences). His advice: don't look at what the market is doing every day. March 2, 2018

Today Paul Pepper visits with JOHN HOWE, author of "The Foolish Corner: Avoiding Mind Traps in Personal Financial Decisions," about saving for the future. Relying solely on government-based programs may not be the best idea in the long run. Instead, John recommends setting aside a minimum of 10% of your earnings. December 18, 2017

Today Paul Pepper visits with JOHN HOWE, author of "The Foolish Corner: Avoiding Mind Traps in Personal Financial Decisions." John tells us how a pre-mortem can help in making the initial choice to invest in a sunk cost. John also touches on how to automate your savings.  September 15, 2017