Archives: May 2013

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...

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...