Scott Peterson |
Grand Illusion #1: Market Timing The first “grand illusion” of investments is market timing. Market timing presupposes that those who are smart enough, or follow the markets closely enough, can figure out both when to get into the stock market and when to get out. The goal is to miss the pain and experience the gain. Of course, we would all love to own equities and enjoy the profits while avoiding downturns, but unfortunately, it...
Investment Fiction: Welcome to the Grand Illusions As investment advisors, as well as ones who have extensively researched investment-related topics over the past thirty years, we have come to a disappointing conclusion: the ideas embraced and promoted by many in the investment industry and the media are not shared by the facts that are revealed in the academic world. The next few blogs will be dedicated to debunking the investment fallacies of our day such...