Financial foolishness

Are you foolish? I know that’s a provocative question. Nobody likes to appear foolish to themselves or to others. However, to paraphrase Forrest Gump’s mama, “Foolish is as foolish does.” We all play the fool sometimes, so it’s a good idea to engage in a little self-reflection occasionally to make sure we aren’t fooling ourselves. Self-reflection followed by self-correction enables us to grow wise despite our foolishness. As a financial planner I am especially interested in helping people escape financial foolishness. In my experience, there are three common ways in which people fool themselves financially.
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