The year of 2016 is only a few trading days old. Already the reality of the world’s stock markets is in stark contrast with the long-term views of most investment professionals. The investment professional pearls of 2016 investment advice have been rampant. If...
The recent stock market headlines, have been filled with large stock market losses. With those headlines come the predictable wave of financial service industry jargon. “Think long term.” Buy-and hold.” And my all-time favorite, “This is just another...
I can’t even remember how many Minnesota company 401(k) retirement plan participants I have heard this same story from. I can tell you that it has been several over my 31 years in the financial services industry. When you change jobs, you naturally call the company...
Individual company 401(k) retirement plan participants own way too much U.S. stocks now. I met with a 60 year old executive just last week who is currently 95% invested in U.S stocks in his company 401(k) retirement plan account. The last six-plus years of stock...
One of the things I enjoy the most about my business is that I make time to read the great investment management books of our time. These books include economics, behavior, and investment management strategy. I am a big fan of the work of psychologist Daniel Kahneman....
I was up way too late the other night watching cable TV. I guess that I am too old to figure out how to watch TV on my computer. I came across a documentary on professional poker players. One of the poker players interviewed made a great point about poker strategy. I...
