My previous posts:
17 January 2023: Should We Listen to Outperforming Fund Managers?
10 January 2023: Do Active Funds Need a New Fee Model?
3 January 2023: How Will Investors Behave in 2023?
20 December 2022: Our Future Decisions Will Be Defined By Our Past Decisions
6 December 2022: Three Questions to Ask Before Investing in an Active Fund
23 November 2022: What Next for Defensive and Cautious Investors After a Torrid 2022?
16 November 2022: Investment Bubbles and Frauds Have a Lot in Common
1 November 2022: The Power of Not Having a View
18 October 2022: ESG Investing is About Values, Value and Valuation
12 October 2022: The Survival Game
30 September 2022: The Behavioural Lessons of Gilt Market Turmoil
27 September 2022: Something Has to Hurt
20 September 2022: Learning to Be a Good Investor is Hard
6 September 2022: Why is Active Fund Selection So Difficult?
30 August 2022: Most of Us Are Secret Momentum Investors
9 August 2022: What Do Investors Believe They Can Do But Can’t?
26 July 2022: Ignoring My Own Behavioural Advice
19 July 2022: How to Identify Behavioural Opportunities and Risk
5 July 2022: Should Fund Investors Pay Lower Fees for Making Long-Term Commitments?
21 June 2022: Bear Markets Are a Test of Investor Emotions
16 June 2022: What Can Sherlock Holmes Teach Investors?
9 June 2022: Short-Term Performance is Everything
31 May 2022: My Book – ‘The Intelligent Fund Investor’
24 May 2022: What We Should Remember About Bear Markets
17 May 2022: What Are the Odds of Making a Good Investment?
10 May 2022: Which Books Should Investors Interested in Behaviour Read?
26 April 2022: What is the Point of Owning Bonds in a Rising Yield Environment?
19 April 2022: The Myth of Consistent Outperformance
12 April 2022: All Active Investment Decisions Are About Valuation or Price
22 March 2022: Via Negativa (What Should Fund Investors Not Do?)
15 March 2022: Extremely Bad Decisions
8 March 2022: Why Can’t We Stop Making Short-Term Market Forecasts?
22 February 2022: There Has Never Been a Better (Or Worse) Time to Be an Investor
15 February 2022: Most Investors Should Ignore the Risk of Major Macro Events
8 February 2022: 10 Lessons Investors Can Learn from Wordle
1 February 2022: What Are Your Investment Beliefs?
25 January 2022: How (Not) to Talk About the Benefits of ESG Investing
18 January 2022: Why Do Investors Keep Buying the Most Expensive Assets
12 January 2022: Should Passive Investors Be Happy Buying Equities at 100x Earnings?
21 December 2021: The Dog and the Frisbee – Why Investors Should Prefer a Simple Approach to Complex Markets
14 December 2021: Mark Twain, Framing and Scarcity
23 November 2021: Betting Against Warren Buffett
9 November 2021: Long-Term Investors Must Make a Ulysses Pact
1 November 2021: Should Investors Care About an Asset Managers Culture and Brand?
19 October 2021: Investors Should Prefer Camels to Horses
29 September 2021: What is Your Investment Edge?
14 September 2021: Nobody Really Thinks About Behaviour
17 August 2021: What is More Difficult, Asset Allocation or Security Selection?
21 July 2021: What Happens if the 60/40 Portfolio Underperforms for a Decade?
6 July 2021: Only Invest in an Active Manager If You Can Withstand Prolonged Periods of Underperformance
30 June 2021: How Should We Judge The Quality of a Sell Decision?
22 June 2021: All Active Managers Should Run Systematic Replicas of their Portfolios?
2 June 2021: What are the Ten Biggest Mistakes Made by Fund Investors?
6 May 2021: Why Do Fund Investors Neglect Base Rates?
20 April 2021: Why Should Equities Be Fairly Valued?
25 March 2021: Does Sustainable Investing Change What Investors Want?
2 March 2021: The Inflation Story
9 February 2021: It is Difficult Being a Skilful Investor
27 January 2021: The Three Elements of an Investment Time Horizon
12 January 2021: When and How Should Investors Make Forecasts?
22 December 2020: Behavioural lessons from 2020
8 December 2020: 10 (More Questions) ESG Investors Must Consider
24 November 2020: Vaccines, Emotions and Investment Decisions
27 October 2020: What is the Attraction of Star Fund Managers?
6th October 2020: A Fund Manager’s Time Horizon is the Shortest Common Denominator
22nd September 2020: Good Investors Make Decisions That They Hope Will Cost Money
3rd September 2020: A Little Bit of Friction Can Make Us Better Long-Term Investors
12th August 2020: How Much Conviction Do You Hold in Your Investment Views?
21st July 2020: Active Management has Become a Game of Musical Chairs
30th June 2020: Financial Markets are No More Uncertain Today Than They Were Last Year
17th June 2020: Do Fund Investors Prefer Lower Fees or Stronger Past Performance?
3rd June 2020: Why is Extrapolation So Dangerous for Investors?
27th May 2020: Investment Risk is About the Extreme and the Unseen
13th May 2020: We Need to Talk About Ergodicity
21st April 2020: What Lessons Should Investors Learn from the Coronavirus Bear Market? (Part One)
7th April 2020: 10 Questions ESG Investors Must Consider
26th March 2020: Long Toilet Paper / Short Equities: Why do we Panic Buy and Sell?
16th March 2020: How to Deal with the Behavioural Challenges of Bear Markets
5th March 2020: Why Are We More Worried About Coronavirus than Climate Change?
3rd March 2020: Investors Should Not be Making Forecasts About Coronavirus
18th February 2020: Avalanche Accidents and Investment Risk
21st January 2020: Why Do We Chase Past Performance and What Can We Do About It?
31st December 2019: Five Behavioural Resolutions for Fund Managers in 2020
4th December 2019: 10 Things Fund Managers Say and What They Actually Mean
26th November 2019: Are You Sticking to Your Investment Principles or Suffering From Escalating Commitment?
29th October 2019: Stale Pricing Does Not Equal Low Risk or Low Correlation
15th October 2019: How Probabilities are Expressed Can Impact Our Investment Decision Making
1st October 2019: Active Management is Reliant on the Inside View
11th September 2019: Why Are So Many Fund Managers Men?
21st August 2019: Your Investment Time Horizon Might Be Shorter Than You Think
13th August 2019: Why Are So Many Investment Decisions Based on Biased and Contrived Stories?
30th July 2019: When to Ignore a Fund Manager
23rd July 2019: Investment Risk is a Behavioural Phenomenon Not Just a Number
17th July 2019: The Cricket World Cup, Outcome Bias and Outrageous Fortune
9th July 2019: What Will Investors be Saying in Ten Years Time?
26th June 2019: The Placebo Effect in Investment
12th June 2019: What Are the Chances of Finding an Active Manager with Skill?
28th May 2019: How Do You identify Skill?
22nd May 2019: Why Are Other Investors So Biased?
30th April 2019: Manchester United, Poor Decision Making and the Problem of Small Sample Sizes
23rd April 2019: Why Are Stories So Important to Investors?
16th April 2019: Ten Behavioural Advantages Amateur Investors Hold Over Professionals
10th April 2019: A Behavioural Finance Toolkit: Six Steps to Better Investment Decision Making
19th March 2019: Is There a Behavioural Explanation for the Quality Premium in Equities?
7th March 2019: Most Investors Should be Satisficers not Maximisers
19th February 2019: Is an Obsession with Outcomes the Most Damaging Investor Bias?
5th February 2019: Why Do We Make Stupid Investment Decisions?
23rd January 2019: Owning Quant Funds is Not Easy
9th January 2019: Can More Information Lead to Worse Investment Decisions?
18th December 2018: 50 Reasons Why We Don’t Invest for the Long Term
12th December 2018: Is There A Behavioural Premium for Illiquid Investments?
18th November 2018: What Can Investors Do About Overconfidence?
14th November 2018: Twelve Investment Contradictions
24th October 2018: Don’t Avoid the Simple Questions
2nd October 2018: The Worst Time to Buy an Active Manager
11th September 2018: Investors Should Assume That They Are No Better Than Average
28th August: Few Things Destroy Long-Term Investment Returns Like Short-Term Measurement
14th August 2018: Are Index Fund Investors More Vulnerable to Bubbles?
30 July 2018: The (Other) Problem with Active Management
16 July 2018: The Death of Diversification
10 July 2018: Things to Remember When Selecting an Active Fund Manager
3 July 2018: Is Volatility Risk?
12 June 2018: Why Do Investors Focus on the Wrong Things?
29 May 2018: Noise Destroys Investments Returns as Much as Any Behavioural Bias
15 May 2018: Why Can’t Fund Managers Admit Mistakes?
1 May 2018: Is Loss Aversion a Myth?
17 April 2018: The Unspoken Behavioural Biases of Professional Fund Investors
27 March 2018: Things That Fund Managers Don’t Say Enough
20 March 2018: How Can You Tell When a Factor Stops Working?
7 March 2018: Investors Should Embrace Probabilities to Improve Decision Making
12 February 2018: Five Simple Heuristics to Make Us Smarter Investors
16 January 2018: Is Active Fund Management a Market for Lemons?
8 January 2018: MIRRORS: Creating a Behavioural Checklist for Investment Decision Making
4 December 2017: When Will You Participate in an Asset Price Bubble?
23 November 2017: Five Simple Behavioural Tips for Better Long-Term Investment Decision Making
1 November 2017: The Asset Management Industry Must Confront Biases to Address its Diversity Problem
3 October 2017: The Perils of Past Performance
14 September 2017: Why is Value Investing So Difficult?
29 August 2017: Why Don’t Fund Investors Sell Winners and Hold Losers?
20 August 2017: Why Do Investors Ignore Certain Risks And What Is A Probability Threshold?
7 August 2017: Does Control and Transparency Increase the Behaviour Gap?