19
May
The office is closed 19.05.2017
Investors have a lot of control over what kind of lifetime investment experience they have. Nevertheless, the charts in this article make for interesting reading. [4 min read] In a similar vein, it takes a lot of self-control to earn market returns [3 min read] Professor Eugene Fama explains how...
19
May
Communication is what the listener does
“The single biggest problem in communication is the illusion that it has taken place.” George Bernard Shaw When I first started working with Manager Tools, I noticed that there was a phrase which they would often use and which I had never heard before: “Communication is what the...
12
May
The office is closed 12.05.2017
First up this week, thanks to Robin Powell for alerting me to this cartoon which explores how difficult it can be to change our opinion about something we believe to be true [4 min read – WARNING some strong language] On the same theme of how people can sometimes refuse...
12
May
Choosing the right adviser
“I don’t want to see him alone. He says things that annoy me. He gives me good advice.” Oscar Wilde, ‘The Picture of Dorian Gray’ The other day, I was listening to a podcast interview with someone who works with financial planning firms in the US and...
05
May
The office is closed 05.05.2017
The Fee Paradox – manager fee rates are down, but investors are paying more [links to 32-page pdf] What’s a reasonable amount of time to wait for a response to an email? I agree with a lot in this article, but I don’t think I could ever wait...
05
May
Books I read in……… April 2017
I don’t know what I was thinking when I compiled my reading list for April – let’s just say there weren’t many laughs in my selection. Nevertheless, there were some excellent reads. THE TIPPING POINT: MALCOM GLADWELL After reading and enjoying Outliers a couple of months ago, I was...
30
Apr
The office is closed 21.04.2017
The results of DFA’s Investor Survey which many of our clients took part in told us that – overwhelmingly – their greatest fear about their personal finances is not having enough to live comfortably in retirement. It turns out they’re not alone [4 min read] This article perfectly articulates...
28
Apr
The office is closed 28.04.2017
If, like me, you love lists, then you’ll enjoy this one. An article about why we like lists – in list form, obviously [3 min read] You know the active management industry is well and truly on the back foot when they start peddling nonsense like this. [2 min read] Putting...
28
Apr
People like us
“All the people like us are We, and everyone else is They.” Rudyard Kipling A number of our clients recently took part in Dimensional Fund Advisors’ Global Investor Survey. One of the questions in the survey read: ‘From the following, choose the attribute you consider most important in your adviser...