SOMETHING FOR THE WEEKEND
Sir Francis Galton loved upsetting people. The Church of England didn’t take kindly to his statistical analysis of the power of prayer (he wasn’t a big fan); nor were women too impressed with his beauty map of Britain, which graded them on a scale from attractive to repulsive depending on where they came from.
But the Birmingham-born statistician, scientist and inventor also introduced fingerprint technology, the weather map and, last but not least, the famous “bean machine” which he used to illustrate the concept of reversion to the mean.
Now, five and a half thousand miles away, a financial adviser in California has produced a replica of that machine to demonstrate the nature of investment returns.. And I’ve just been to see it.
Other TEBI posts you may have missed..
Hedge fund performance was last this bad during the financial crisis (Julia La Roche)
“Recommended fund” lists — and why it’s best avoid them (Holly Mackay)
The mathematics of active management are unforgiving (James Twiss)
HSBC the latest major player to slash the cost of passive in the UK (Richard Hubbard)
There are no shortcuts to getting in shape — or to investing (James Osborne)
Apathy as a strategy has much to recommend it (Ben Carlson)
The advice profession/ industry* (*delete as applicable)
The people who can least afford bad investment advice are the poor (Allison Schrager)
Get in the habit of regular saving. You’ll never regret it (Elizabeth McBride)
You need to be your own money super-hero (Monevator)
In addition to the content on this blog, my company Regis Media produces educational and marketing material for investment advisers who share the evidence-based approach. It ranges from pre-produced series to regular video blogs, articles and infographics.
Although based in the UK, we have an international customer base, with new clients in Germany, Australia and New Zealand about to come on stream. Our content comes in different languages, and no, for advisers in other English-speaking markets, the British accent doesn’t come as standard!
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