Most of us like to think we are sound financial stewards, basing our planning on solid economic data and proven practices, but that's not always the case. In this edition of Sound Money, Willis Kern explores the world of Behavioral Finance.
Willis Kern and Edgar Norton, ISU Professor of Finance
Many equate putting money into the stock market with gambling. There are many similarities, especially when the market is as volatile as it's been lately. But there are even more similarities than you probably would have ever imagined. Willis Kern has more during Sound Money.
Proven financial practices and solid economic data often take a backseat to gambling-type behavior when it comes to personal investing. During this edition of Sound Money, Willis Kern tries to find out if that kind of activity is ever the right way to approach financial matters.