According to a new study, mutual fund investors don’t just tend to buy high and sell low — they also tend to do so shortly before the stock market reverses…
Category: Behavioral Finance
Bogle Sees Stocks Doubling Bonds in Next Decade
A decade ago, Vanguard founder and investment legend John Bogle said bonds were in for a nice run and stocks were headed for tough times — a prediction that turned…
Fisher: Keep Buying While Sentiment's Weak
As we enter the second year of the bull market that began last March, Kenneth Fisher remains high on stocks. “One year into the current bull market I like what…
Biggs: It's Never Different
While some say we’ve entered an economic and investing world in which things are “different this time”, hedge fund guru Barton Biggs tells Bloomberg that “the world is never different”,…
Greenblatt: Know Your Risk Tolerance
In his latest column on his Magic Formula Investing web site, Joel Greenblatt says it’s critical for investors to know what level of short-term losses they’ll be able to take…
Experts vs. Models: Who Wins?
A few recent articles have offered some very interesting data on the merits of quantitative analysis, and the limits of “expert” analysis. One is a Greenbackd.com review of Ian Ayres’…
Top Manager on Long-Term Thinking, Market's Value
Steven Romick, whose FPA Crescent fund produced annual returns of more than 11% during the 2000s, says he thinks stocks have gotten pricey after the recent rally. “We think the…
A Different Take on Valuations
Liz Ann Sonders, Charles Schwab’s chief investment strategist, says in her latest market commentary that the recent downturn helped temper some of the investor optimism that was becoming “troublesome”, and…
Bogle: Keep It Simple
In an interview with Texas’ The Statesman, Vanguard’s John Bogle says the key to successful investing is keeping things simple, and not allowing short-term performance to impact your decisions. “[The…
Lynch: This Is "Extraordinary Period" for Investing
In an exclusive interview with Israel’s Globes, mutual fund legend Peter Lynch says he thinks the past ten years have been an anomaly for the stock market, and that we…