It is often the preserve of finance journalists to suffer from the almost terminal affliction of hindsight bias – this sort of creeping determinism that some things were obvious all along. Recently I came across an excellent example of this whilst trawling for an online chart on Yahoo Finance. The piece breathlessly claims How buy and…Details
At the end of a two-day investment conference sponsored by Dimensional Fund Advisors in Los Angeles last month, I couldn’t stop squirming. The final workshop included a slide show highlighting articles from major business publications across the country conveying a range of dire investment messages. Some spouted warnings of impending market calamity. Others urged investors…Details
I suppose such a question should really just be phrased as a rhetorical since it is a given that the majority seem to be dribbling idiots with the IQ of a turnip. The reason for this tirade is a series of news reports I heard this morning whilst heading to my regular Wednesday morning yoga…Details
This piece in the AFR is currently doing the rounds with various people trumpeting that this is what they do so they are a genius. To be fair without actually seeing the original Morgan Stanley report or understanding what they did any comparison between different methodologies is profoundly limited in its utility.
This is an early contender for the worst piece of financial advice of the year. My advice…..do exactly the opposite. The financial press Whether you decide to be a “passive” investor, and put all your money in index funds, or you choose to be an “active” investor, and trade the market, you should know where…Details