Newton’s First Law of Market Mechanics
“A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined,…
0The Value Bias
I am perpetually mystified by the pervasive insistence by investment professionals that ‘value’ dominates ‘momentum’. This debate really comes down…
Paul Volcker Invalidates Modern Portfolio Theory
US Federal Reserve ex-Chairman Paul Volcker, whose policies under President Carter in the later 1970s and early 1980s single-handedly stuffed…
Reuters Interviews Butler|Philbrick & Associates’ Adam Butler
Behavioral investing gains traction Fri, Jul 23 2010 By John McCrank TORONTO (Reuters) Irrational reactions to the market chaos in…
Jekyll or Hyde Market
Readers will undoubtedly be familiar with Robert Louis Stevenson’s famous tale, The Strange Case of Dr Jekyll and Mr Hyde.…