Despite lots of criticism of the investment industry, one investment manager writes on why he is proud to do his job. Read moreLeave a Comment
I’ve been reviewing my posts and articles from the last time we went down the debt ceiling crisis road, and I’ve been marveling a bit. Trillion-dollar coin indeed! That post proved to be prescient in a lot of ways, although … Read more4 Comments
When I was asked, “What do you believe but can’t prove in investing?” the Donald Rumsfeld quote about knowns, known unknowns, and unknown unknowns came to mind. Where in that context do unprovable beliefs fit? My first thought is that they’re known unknowns. If we have an unprovable belief, then we have a strong opinion that could be wrong, which would seem to place us squarely in the known unknowns.
Two of my colleagues and I were discussing the end of the world, a conversation prompted by some of my recent posts, as well as a call from an adviser seeking help with a client who has a nine-figure net … Read moreLeave a Comment
Editor’s note: This is another response to the question posed here last week: what is the difference between investing and speculation? If you are compelled, we invite you to comment below, tweet us @cfainvestored, or reach out to us via … Read more2 Comments