Investment decisions should be based on empirical data and modern financial science. Modern Portfolio Theory and the Efficient Markets Hypothesis, informed by nearly a century of market information, show that a passive investment approach that shuns market timing and individual...
It never fails to happen. Whenever events such as the current US government shutdown or the impending debt ceiling deadline arise, the media declare these crises and speculate regarding their impact on our lives. Reporters often solicit advisor opinion...
One of the keys to successful investing is to resist the natural human tendency to extrapolate the recent past into the future. This tendency is known in behavioral science as “recency bias” and manifests itself in investor decisions to buy...
I’d like to share this drawing sent to me by a colleague. It is motivated by the current news in the headlines about the situation in Cyprus, but it applies to all crises du jour that the media chooses to...