If investors have a disciplined and robust investment process, backed up by a financial plan which informs their investment strategy, so that they understand exactly WHY they own the investments they own, and the purpose their portfolio serves in helping them to achieve their goals...
As investors, we have to contend with the erratic and irrational way in which we think and behave. A lack of knowledge, combined with a number of illusions and biases, can lead to errors in making decisions that can turn out to be very...
“The investor’s chief problem – and even his worst enemy – is likely to be himself.” - Benjamin Graham Until very recently I had never heard of Jonah Lehrer. Then, in the space of 48 hours, I read about him in Jon Ronson’s book, ‘So You’ve Been...
This week’s blog [4 min read] Next, a podcast from Freakonomics Radio. Yes, it’s 48 minutes long, but with contributions from Eugene Fama, Ken French and Jack Bogle (amongst others), it’s an entertaining and informative 48 minutes. John Maynard Keynes on investing as a beauty contest. [3 min read] The world’s...
My July book review is up on the blog [4 min read] We try to look at mental models in history through the lens of people who got it right, but once in a while, it’s beneficial to examine a model through the lens of those who got it...
“There’s no harm in hoping for the best as long as you’re prepared for the worst.” ― Stephen King Things have been pretty good for investors in world equity markets over the last couple of years – especially for UK investors where the dramatic drop in the value...
I read this report recently, stating that there is a shortage of financial planners available to help lawyers dealing with determining divorce settlements for their clients. I have to say I find it hard to understand why this should be the case, as we’re easy enough...
…interesting snippets from around the web. The work you do should never define who you are [3 min read] How much does it cost to have dinner with Warren Buffet? $2,679,001 [2 min read] Eugene Fama discusses his new paper on the new Five Factor model [2 min read] Knowledge alone is never...
I liked this article, about how the need to plan doesn’t stop once you reach Financial Independence [3 min read] How much of what you read today will you still care about a year from now? As a self-confessed bookworm, this article struck a chord with me. [2...
The Financial Conduct Authority (FCA) issued an interim report last November, outlining its initial findings from the examination of the UK asset management industry. Those findings were pretty damning, highlighting the FCA view that, whilst the industry plays a vital role in the UK economy, investors were...