Financial advice consolidation in the UK has put private equity in control of hundreds of firms. Here's what vertical integration and hidden conflicts mean for your money.
Two investors can study the same rising market and reach opposite conclusions about what comes next. A new MIT working paper spanning 68 years finds that only the contrarian, sophisticated forecast has ever reliably predicted returns, while the bullishness of ordinary investors — the instinct behind chasing returns — predicts little or points the wrong way. Here is what seven decades of evidence say that feeling is really worth.
Robin Powell
11 hours ago7 min read
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