Tim Richards | TalkMarkets | Page 1
Author, Owner of The Psy-Fi Blog
Tim Richards is a blogger, researcher and advocate of behavioral finance. He owns the Psy-Fi Blog, a sideways look at psychology and finance. Mr Richards is also the author of The Zeitgeist Investor. In 'The Zeitgeist Investor: Unlocking The Mind of the ...more

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On Dinosaurs And Dividends
Right now investors are experiencing their own version of the K-Pg event, with whole countries going into lockdown as homo sapiens once more shows its surprising capacity to act collectively when faced with real and present danger.
Pandemiconomics
The pandemic that’s upon us is – obviously – a complete surprise, one that couldn’t be planned for. Understandably governments are reacting in real-time to an unfolding threat in the best way that they can. It’s – as they say – a Black Swan event.
Anchors A-Weigh!
In these uncertain times, as the Covid-19 virus moves across the planet, we’re seeing markets yo-yoing with wild price fluctuations on almost a daily basis. Jumps or falls of over 5% are commonplace.
Markets Are A Confidence Trick
Many investors are experiencing the real downside of stock markets for the first time. Suddenly they’re no longer placid, happy holiday resorts where riches gently roll to shore simply by waiting. A volcano has erupted.
Forecasts? I Haven't Got A Clue
We predict things all the time, we can't help ourselves. And in the small world that constitutes our immediate bubble of experience, those predictions may have some validity. But in the big world that we inhabit they often don't.
Cursed By Momentum
Although most investors have no edge on the market there's a proportion of them that persist in trading actively, the main effect of which is to enrich their brokers.
Bias In Action
The recent sharp correction in markets has clearly surprised a lot of investors.
Putting Pro-Innovation Bias On The Blockchain
Blockchain is most commonly associated with Bitcoin but is, in fact, a separate innovation upon which the world's least efficient payment system is built.
Unbanked But Not Unwise
This disengagement has allowed banks to engage in practices that make the behavior of the alternative lenders, who aren't exactly a byword for benevolence, look positively altruistic.
Age Makes You Happier - And Poorer
The age related positivity effect predicts that people of seventy and above will generally avoid any news that contradicts their existing opinions and will make increasingly poor decisions based on outdated or biased information.
Blindsided By Brexit Bias
Brexit bias is a casebook example of what Charlie Munger calls the Lollapalooza Effect, where a number of different psychological issues combine to cause a cascade.
Meme Reversion
Gravity defying super-stocks do occur from time to time, companies which happen upon some moat, establish their business and then successfully defend their margins against all and sundry...
Building An IKEA Portfolio
The idea that less is sometimes more, and that if you actually have to spend weeks of your life analyzing a company in order to determine whether or not to invest in it is probably an indication that you shouldn’t, is anathema to some investors.
Less Is More
Much market analysis operates on the assumption that more data is better – more data leads to more accurate results. Out in the real world, however, we don’t have the luxury of this kind of analysis. This leads to errors which we call biases.
Behavioral Bias 101: #2 Wishful Thinking Permanently High
Wishful thinking is the idea that whatever we want to be true affects what we believe to be true.
The Chart Illusion
The idea that charts can be self-fulfilling and that adherents are simply trading against noise in the system is compelling.
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