What is Negotiating Your Investments Really About?

In Negotiating Your Investments, I am trying to teach readers a number of different things that I think are important and valuable. Not all of those lessons fit together intuitively, though, and several readers have suggested a short description of the book’s path. Here are the major points of the book in the order of […]

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The Great Frustration When Scientific Knowledge Is Ignored

How do you get people to acknowledge scientific fact if it is both counterintuitive and contrary to popular belief? I have faced this challenge since the publication of Negotiating Your Investments and I must confess it is a tough nut to crack. Economists are close to unanimous in their understanding that some form of the […]

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Trust Prudently

To negotiate successfully, you have to figure out the difficult issue of who, and how much, to trust. Here are some things to keep in mind. Trust is not binary. Too many people make the mistake of either “trusting” or “not trusting” their negotiating partners. They unwisely think it is like a switch, either in […]

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Why We Expect Stocks To Outperform Bonds Over Long Periods

We can anticipate, with great confidence, that stocks will outperform bonds over time. Or, to use more exacting language, a properly diversified portfolio of stocks will outperform bond investments over long investment periods. As an empirical matter, this is borne out by history and can be checked by doing a little research. There is also a […]

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Learn More About How Markets Really Work

One of the most powerful things you can do to improve your investing is to strengthen your knowledge about how markets really work. The best way is a combination of study and practice. Here is a story that sheds a little bit of light on the subject. As a young man traveling in Mexico, I […]

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Financial Advice

Does Financial Advice Come From Givers, Takers, or Matchers?

My Wharton colleague Professor Adam Grant has offered us a new way of thinking about the people we deal with. In his acclaimed new book Give and Take, he proposes considering the world as made up of “givers,” “takers,” and “matchers.” It is an intriguing set of ideas and is eminently useful to you as […]

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Understand the Deal Fully or Do Not Agree To It.

Have you ever signed a contract that you didn’t fully understand? Or entered into an agreement when some of its provisions were not totally clear to you? Of course you have. If nothing else, we have all clicked “I agree” on Internet sites we not only don’t concur with but, in fact, had no idea […]

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Successful Negotiators Take Responsibility for Communication

One of the places where a negotiation may go awry is communication. It is very easy to make a mistake, ignore something important, misunderstand, or feel deceived. It is just as typical for the person on the other side of the metaphoric negotiating table to do the same. Poor communication is the most common thing […]

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The High Cost of Ignoring Costs

It is tremendously important, as you negotiate over your investments and other financial matters, that you keep an eagle eye on costs. After all, one of your most important goals is to maximize the return on your money. Excessive costs will diminish your outcomes and, over time, reduce your holdings by far more than you […]

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This Book Will Make You Clever, Wise, and Wealthy

Anyone who negotiates, or seeks to persuade others, must work hard to find just the right words. Furthermore, in light of limited attention spans, those words must be concise, winning, and to-the-point. Me too. My book Negotiating Your Investments comes out this week and it is incumbent upon me to explain what it is about and why […]

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