My February Research magazine column is now out online. It’s a good one. Please give it a read.
There’s a famous expression to the effect that it’s hard to reason someone out of a position that wasn’t reasoned into, and there’s truth in it. It’s hard enough to influence or help alter a person’s beliefs—about investing, religion, politics or even the Yankees’ relative evilness—much less someone’s life commitments. But if we’re to have a chance to make better, more reality-based decisions (about investing and everything else), we’re going to have to try and to begin with ourselves.