Let me jump to the bottom line. Your risk discussions are based on a premise that’s fatally flawed: You believe logic and data are persuasive.
Male Brains, Female Brains and Justice Kavanaugh
Like the rest of America, I was riveted by the confirmation hearings for Brett Kavanaugh. Gender-based traits have implications for advisors.
My Take On “Money Management”
If you’re using a broker or advisor who claims the ability to “beat the market” by stock picking, market timing or selecting active mutual fund managers likely to outperform, it’s likely this advice will generate “negative alpha.”
A Little-Known Bias You Share With Your Client
“Belief superiority” is the belief that your views are superior to other viewpoints. Those who feel this way believe they are better informed about the topic than others.
Don’t Be the Last Investor on the Titanic
The study found weak price competition among actively managed funds and high profit margins, with an average profit of 36%. Clearly, the business of actively managed funds is great – for the fund managers.
The Awesome Power of the Solin Pivot
The Solin Pivot is an extremely powerful tool. It works because people want to talk – especially about themselves. It makes them feel good and important, which is exactly how you want them to feel.