The Effect of Complexity

Adding complexity to a story adds "spin potential."  It is great for media and pundits.  It is a disaster for investors. [Warning:  I am writing this under duress.  I am supposed to be on vacation.  Since we are at the five-year anniversary for "A Dash" there might be some updates or historical posts from my […]

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Biggest Investor Mistakes

Many studies have shown that individual investors, managing their own accounts, do about 5% worse than they would if simply buying an index fund.  The top investment managers have regularly beaten the averages, so it is a big spread. The current environment illustrates all of the key reasons for this. Psychology.  Investors buy tops and […]

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ETF Update: Time to Buy Oil Exploration Stocks?

Energy stocks of all sorts have faced a double blow:  The Big Spill and concerns about the global economy. There is a fast-changing pattern of possible limitations on oil exploration.  Meanwhile, oil prices have fallen to recent lows.  The exploration stocks always seem to overreact to  oil prices.  My impression, admittedly based upon anecdotal information, […]

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