Philosophy
34 Posts
Despite lots of criticism of the investment industry, one investment manager writes on why he is proud to do his job. Read more
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On my recent one-day visit to San Francisco, I chatted briefly with a flight attendant who wanted to know whether any of the papers I was discarding would make her rich if she read them. I suggested that she should enter … Read more
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If you peruse the Wikipedia entries that describe some of the world's great investors, you'll often find that they share a common footnote: a series of books entitled "The Market Wizards" which feature Jack Schwager's profiles of a number of … Read more
6 Comments Some people believe that age is a common denominator. The great fallacy of target-date funds is that age is used as a shorthand for the level of investment risk an individual should take. There are many other measures to take … Read more
4 Comments Unlike drones and more like electrocardiogram plots, investments rarely go in straight lines but rather undulate, frequently reversing directions, which is normal. As has been stated in my past posts, I believe that our current journey will take us to … Read more
Leave a Comment (Editor’s note: This article was originally written on 15 December). In a somewhat long, scary piece on the re-hypothecation of gold bars, John Hathaway of Tocqueville Asset Management intones, “In the financial markets, a person that is one step ahead … Read more
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