The investment product landscape is like the supplement industry. Supplement companies don’t make money if you sleep eight hours a night, only drink water, and avoid junk food. Fund providers don’t make money if you stick to low-cost index funds. We’re inundated with products promising an edge, either for our health or finances. In investing,…
Jazon Zweig said Superforecasting by Philip Tetlock and Dan Gardner is “the most important book on decision making since Kahneman’s Thinking, Fast and Slow”. Tetlock co-created The Good Judgement Project (GJP) which participated in a forecasting tournament held by IARPA, a U.S. government organization. IARPA supports research that has the potential to revolutionize intelligence analysis.…
Here are the best things I read this week, their main takeaways, and the most important chart from each piece:
Hedging sounds like a smart thing to do. But has it actually worked? This post examines the historical costs and benefits of hedging stock exposure with SPY puts.
Bonds provided stellar returns in 2008. Can they be counted on in the next downturn? And which categories have historically been strongest in volatile markets?
