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Morgan Housel, the author of “The Psychology of Money,” is aiming to ease investor concerns about market downturns by emphasizing their inevitability. In a recent interview on CNBC’s “ETF Edge,” Housel, a behavioral finance expert and partner at the venture capital firm the Collaborative Fund, highlighted this as one of the key themes of his…
Admitting you were wrong can be difficult, but it turns out that it might be one of the best things you can do for your reputation. Researchers at Tufts University’s Human Robot Interaction Laboratory found that when someone admits they were wrong, they are not seen as less competent. Instead, admitting to a mistake can…
