The chart below has been doing the rounds today. It shows the S&P 500 versus analysts expectations for the index, as you can see analysts are a wildly optimistic bunch. Source – Bloomberg The reasons this has caused so much angst is that it now seems to portray Wall Street as being bearish because the…
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Using tools gleaned from behavioral economics to help people make better decisions is all the rage these days. This work is built on the theory that behavioral biases – like the sunk cost fallacy, status quo bias, or the tendency to give outsize attention to very unlikely events – are cognitive mistakes that are holding…
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The numbers in this are staggering as are the number of missed opportunities. More here – Visual Capitalist.
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Why Inexperienced Investors Do Not Learn: They Do Not Know Their Past Portfolio Performance from Trading Game Pty Ltd
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The post I did just now on luck got me thinking about the role of luck in trading – specifically the luck of your starting date. This ties in with a bit of playing around with annualised returns I have been doing in markets that have been rubbish. One of the issues with looking at…
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This is a photo of Jimmy Nicol sitting by himself at Essendon airport on June 15 1964. For those who are not up with their music history Nicol sat in for Ringo Starr for eight concerts whilst Starr was ill with tonsillitis. Apparently he played the drums as well as Starr – the only thing…
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