Investment Choices
The above quote is worth remembering whenever you're told about a great new money-making idea or stock or whatever. What is the motivation behind what you're being "sold?" The financial services industry continuously introduces new “investment opportunities." However, the actual opportunity to employ capital has not changed dramatically from the days preceding the founding of...
Mutual Funds
While the source of the above quote makes it an interesting paradox, the comment on its own is nearly irrefutable. No matter where we live or work, our actions & our choices are driven by incentives. There's been a great deal written about why mutual funds underperform their benchmarks. Many point to the managers to find fault....
Financial Noise
Financial news has evolved from a weekly PBS show or looking up stock prices in a newspaper the day after market close, to today's 5-day/week 18 hour+/day live “news" program. Today, financial news is instantly available at our fingertips. There's all manner of loud, colorful prognosticators, live-action shots from conferences & trading floors, and a new...