Those of us in the financial media make big deal out of the results, which always show significant underperformance by actively managed mutual funds across almost all asset classes in both stocks and bonds.
An Empathetic Misunderstanding
A recent study described my flawed process as “perspective mistaking.” Through an elaborate series of experiments, the authors concluded our assumptions about the perspectives of others – including people we presumably know really well – are often incorrect.
A Hidden Investing Pro
The financial media loves to reference the wisdom of “investing pros.” This article is representative. Here’s the headline: Opinion: ‘No disrespect’ to Warren Buffett—but some investing pros says he’s dead wrong about this stock. The “pros” quoted are editors of “top performing newsletters”.
You May be on the 8th of your 9 Lives
If you’re like most of your competitors, you’re still charging a fee based on assets under management. Here’s where I see trouble on the horizon.
Cracks in the Robo-Advisor Facade
I’ve been a fan of robo advisors, almost since their inception. Most of them recommend portfolios of low management fee index funds in globally diversified portfolios. Their advisory fees are low. Recently, I’ve seen some cracks in the robo advisor façade.
Advice That Could Kill Your Clients
Almost 50% of Americans don’t have sufficient savings to maintain their quality of life in retirement.