How important are rankings of managed funds’ results during the past 12 months? How should investors interpret them? In a key sense, rankings ARE important – but NOT in the way the mainstream assumes. At this time of year, and again at mid-year, when they come thick and fast, as … [Read more...] about Investors, beware: It’s THAT time of year again!
Earlier this month, a columnist at another Australian website encapsulated the exuberance that’s currently gripping stocks – and the incredulity that somebody mightn’t share it: “It’s difficult to be anything other than bullish on the prospects for equity markets next year. I … [Read more...] about Speculators are playing with fire; investors, don’t get burnt!
Do investors in American – and, by implication, global – markets receive higher returns when Democrats occupy the White House? Over the past few months, several journalists, an eminent finance academic and a prominent Australian investment manager, among others, have contended – … [Read more...] about Will Joe Biden be good for investors? Why I disagree with Geoff Wilson
In financial markets, predictions are ever-present and unavoidable. Yet investors worthy of the name don’t allow forecasts, including those of experts, to determine – or even influence – their decisions. The evidence has long been compelling but is almost universally ignored: … [Read more...] about Experts can’t predict yet investors must plan: What, then, to do?
In a recent two-part series, I showed that successful investment isn’t a matter of raw brainpower; instead, it’s primarily the result of refined character – and particularly of Stoic disposition. This article elaborates two related points. First, high-IQ investors don’t … [Read more...] about Does high IQ make a better investor?