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BOURBON FINANCIAL MANAGEMENT
Patrick Bourbon
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Did you know that your vision can literally "trick" you? Did you know that human attention is limited and that we can't analyze all the information we receive?
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I hope you all had a very good holiday season. May 2011 bring you good health and heartfelt happiness.

 

We decided to start the year by sharing some Behavioral Economics experiments from Professor Ariely from MIT. Behavioral Economics explains how the process of decision making functions among common people. It elaborates on the role of emotions and vision.


Do you want to know more about Behavioral Finance, please click here!



 

Do you want to know how powerfully illusive our vision is and how it dominates our decisions? We use vision more in the day than we do anything else, so we are good at it. But the truth is that our vision tricks us. If we have these repeatable mistakes in vision which we are good at, what are the chances we don’t make more mistakes in that we are not good at, ex. financial decision making?



More on the economy in the articles below:

- Global Economics Weekly

World Outlook, Two-track recovery

 

 


 




 

We would welcome the opportunity to know you better, introduce ourselves, share with you the work we do for our clients, and position ourselves as a useful resource for you. A consultation would be a wise first step toward achieving your vision.

 

Getting to know you, your needs and motivations, is as important as you evaluating our capabilities to help you meet your financial goals. We do not charge a fee for our initial consultation during which we review your portfolio, and discuss your goals and objectives.





 

 
“ Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.”
— John Maynard Keynes, The General Theory of Employment, Interest and Money, 1936
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Thanks to the 500+ of you who have read the Best of BFM Newsletter (click here), which summarizes the newsletters you enjoyed in 2010-2011. By now, you should have uncovered that financial decisions are not only driven by rationality but they are also influenced by emotions. You also found out that your vision can literally "trick" you whenever it can (click here)!



Has BFM Helped You Yet? Click Here for Your Personal Guide to Financial Peace of Mind

 
Copyright © 2013 Bourbon Financial Management, LLC.  
All Rights Reserved.

Bourbon Financial Management, LLC
616 W. Fulton St. Suite 411
Chicago, IL 60661
(+1) 312 909 6539 - patrick@bourbonfm.com
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This Newsletter is not advice.  Pursuant to the rules of professional conduct set forth in Circular 230, nothing contained in this communication was intended or written to be used by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer by the Internal Revenue Service, and it cannot be used by any taxpayer for such purpose. This newsletter may be an advertisement pursuant to federal law. 
Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, and fitness for a particular purpose.