Connecting the Dots

Human beings love stories. But this innate tendency can lead us to imagine connections between events where none really exist. For financial journalists, this is a virtual job requirement. For investors, it can be a disaster. “Needing to create order from chaos, journalists often stick the word “after” between two events to imply causation. In […]

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The Devil Wears Nada

The global fashion industry is fickle by nature, pushing and then pulling trends to keep hapless consumers forever turning over their wardrobes. Much of the financial services industry works the same way. Fashion designers, manufacturers and media operate by telling consumers what’s in vogue this year, thus artificially creating demand where none previously existed. What […]

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Hidden investment costs

Investors should be wary of fund managers who turn over their portfolios too much – as they can incur large additional costs that are not stated in their annual management charges. With performance fees on funds set to rise, it is becoming even more important for investors to look into the hidden costs of their […]

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