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Introducing our new portfolio review service for professionals
The vast majority of pensions funds, charities, endowments and other institutional portfolios have underperformed the market for decades. The way to stop the rot is to have an independent portfolio review, reduce fees and complexity, and increase diversification. From today, that’s precisely what TEBI is offering. As anyone who’s read The...
How to deal with the behavioural challenges of bear markets
By JOE WIGGINS It is at times of severe market stress that our worst behavioural impulses come to pass. Whilst the recent losses in the value of portfolios are undoubtedly painful; the poor decisions that we will make as a result...
Leaders emerge in times of crisis
By ROBIN POWELL “The biggest global event since World War II” was how one of my fellow financial bloggers described the coronavirus crisis the other day. And you have to say he’s probably right. It’s an emergency that’s affecting the whole...
Are we really heading for a zombie apocalypse?
By JOACHIM KLEMENT I have written before about how education trains us to think in a specific way. Back then, I mentioned that I like to follow the maxim of Carl Jacobi to “invert, always invert”. By teasing out from market prices the...
Even trained statisticians struggle to calculate investment costs
When you buy something, you expect to know how much it costs. But when pay to have your money managed, it can be extremely hard to work it out. Chris Sier has a doctorate in statistics and has spent many years...
An ‘average’ year is rarer than you may think
The average annual return of the global stock market over the past 25 years is around 9%. Sounds pretty good, doesn’t it? But what if you were told that in two years in that quarter century, the market experienced losses of more...
Waiting for dawn
The Dow Jones index fall almost 3,000 points — around 12% — on March 16th. That was its biggest drop since 1987, and it came despite attempts by the Federal Reserve and other central banks to calm fears over the spread of coronavirus....
