Are Some Markets Less Efficient?

While fund managers often say they add value for investors in smaller, lesser known markets because those markets are inefficient, The Wall Street Journal’s Jason Zweig says the data shows…

Zweig on the "Optimism Bias"

On the Wall Street Journal’s “Total Return” blog, Jason  Zweig highlights research that indicates human beings have an “optimism bias” — that is, we learn more from our successes than we…

The Not-So-New Macro Investing World

For investors, much of the decade since the September 11 attacks seems to have been dominated by an unprecedented slew of troubling macroeconomic issues: terrorism fears, a financial crisis, natural…

Zweig on Cloudy Forecasts

While scores of analysts and strategists have been offering their 2011 forecasts about how much the S&P 500 will gain or lose, how much gross domestic product will grow or…