Gary Allen on Business – Sunday April 13, 2014 – Podcast Now Available

On this program, I explore the idea of self delusion or fooling ourselves. It is an area that academics have looked at with great interest over the years where people will invent or feature stats that favor or support their viewpoint even if it is not logical. While fooling ourselves can actually be a positive in some endeavors, it is rarely profitable or healthy when it comes to investments.

In the final two segments of the program I cover the basics of the latest DALBAR study which was released this past week. The results of the study indicate the very high financial cost that people pay for emotional decisions.

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