Confusing What Just Happened With What Happens Next
Lessons for investors, advisors and traders on how behavioral finance's ‘recency effect’ plays out in the markets and affects market participants.
Star Trek Economics: A Future Free of the Dismal Science
In thinking about the economics of Star Trek, what we’re really thinking about is how to get to economic utopia, Noah Smith writes.
Russia Can’t Help Being a Gold Bug
The dramatic drop in the price of gold makes Russia look like a classic sucker, but it’s not that simple.
Job Market's Signals for the Fed
Just a slight strengthening of labor market conditions (particularly on the wage front) would be enough to increase the probability of a September rate hike.
This Recovery Really Is Different
Credit bubbles are very different from ordinary recession recoveries. Bank crises and the long, slow, painful recoveries are simply not comparable to other business cycles.
Live by the Code! The SEC’s Ethics Code, That Is
Unlike the Mafia, the SEC wants supervised persons to always rat on their friends and never keep their mouths shut.
The Advisor’s Journey to CRM Success, Pt. 1: Mapping It Out
In the first post of our series, we map out the steps to choosing and implementing a new CRM system.
Finding Your Niche: It’s Not Just for Californians Anymore
Many of the most successful advisory firms I know were built around what the advisors liked to do and the kind of clients they wanted.
Time for Wall Street to Show Investors Their Trust Matters
Next week’s DOL hearings will provide firms with the public forum to demonstrate their support for a workable best interest standard.
3 Ways to Tell if a Stock Has Hit Bottom
As Ben Graham said, it's better to buy after a decline, but how do you tell if a stock has finished declining?