The Genetics of Investment Biases
The chart below illustrates one of the key findings of the study and shows that twins in an identical pair display much more similar investment biases compared to twins in a fraternal pair. This finding suggests that investment biases are partly genetic.
Long term is harder than most people imagine, which is why it’s more lucrative than many people assume. Everything worthwhile has a price, and the prices aren’t always obvious. The real price of long term – the skills required, the mentality needed – is easy to minimize, often summarized with simple phrases like “be more patient,” as if that explains why so many people can’t.
To do long term effectively you have to come to terms with a few points.
MacroVoices #273 Larry McDonald: Dollar Down & Gold, Oil, Uranium Up
Erik Townsend and Patrick Ceresna welcome Larry McDonald to MacroVoices. Erik and Larry discuss:
• Relationship between inflation and treasury yields
• Outlook on US/China relations
• What to expect in equity and bond market
• Drivers of upcoming price increase in oil
• Trading opportunities in energy market
• “Alpha Male Central Banker”
• Breakdown of the dollar and its implications
• Oil demand expectations in the re-opening
The corporate titans in a traditional passive tracker strategy are so engrained in our daily lives it takes a healthy imagination to envision they may not stand the test of time. Nevertheless, in the same way the Greek Titans believed their rule was safe before it collapsed, the tables can also turn for these corporate titans. A half-century of history shows that the market’s titan stocks constantly change.
Warm-weather reads and listens - Spring 2021 list
Regardless of what stage of opening your province is in, here are the latest books, blogs and podcast recommendations from the Investment team that can keep you socially distanced and mentally active.
