Archives: May 2013

23 May 2013 - 12:40, by , in Musings, No comments
Last night saw a – 7.32% move in the Nikkei.  Big day. What does a 7% move in the market mean, for Japan this was a six sigma event, in other words the range of the movement was six times greater than its normal daily movement. Why is this important, because the asset management industry...
8 May 2013 - 9:35, by , in Musings, No comments
We know that emotions, not math are the primary source of investor return when it comes to individual investors.  It’s not the allocation, it’s not a checklist, it’s the narrative or story that people tell themselves. The following picture is a great example of how emotions impact the investment outcome.  It usually gets trotted out...