Kesto

One finance idea, every morning.

Short enough to read with your coffee. Interesting enough to mention to someone else. No hype, no products, no advice — just a better understanding of how money works.

A recent edition
Cognitive biases

The first number you see wins

Show someone a high price first, and every price after it can feel reasonable by comparison. Our minds reach for a reference point, and the first number we meet often becomes it — even when that number was arbitrary…