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Eminence versus evidence in finance and medicine
By ROBIN POWELL In the seven years that I’ve been writing about investing and financial advice, I’ve always been fascinated in the differences between finance and medicine, and between financial advisers and doctors specifically. Here are five important ones: Doctors are required to swear an oath, promising to help, and not to...
You can’t escape risk, so best get used to it
There’s no escaping the fact that being invested in the stock market involves a degree of risk. But it’s one of the ironies of equity investing that being out of the market is also a risk. In fact, for most people, it’s...
What does your financial wellbeing look like?
By JASON BUTLER There is an old saying that if you don’t know where you are going, you’ll probably end up somewhere else. And when it comes to your relationship with money and your overall financial wellbeing, it helps to know...
Robin’s Reads, Week 07, 2020
By ROBIN POWELL Investing Are you prepared for the next market downturn? (Mark Hebner) How bull markets breed complacency — and how to guard against it (Ben Carlson) 300 years on, have we learned anything from the the South Sea Bubble? (Patrick...
Why the latest attack on passive investing is nonsense
By LARRY SWEDROE The active investment management community has been attacking indexing — and passive investing in general — for decades. The reason is obvious: their profits (and for many firms, their very survival) are at stake. The attacks began almost...
Why you should sell your second car
By LESLEY GREGORY Are you a two-car household? We are, and I frequently question why we don’t ditch the second car — usually when I’m trying to find an on-street parking spot at the end of the day. It’s not just...
Why are investors prone to overconfidence?
It’s good to have a positive outlook on life. But too much optimism, or overconfidence, can be a problem, particularly when it comes to investing. In this video, Lisa Bortolotti, Professor of Philosophy at the University of Birmingham, explains why investors need...
