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For Beginners

Investor education is important. Posts in this category are for those just starting out on their investment journey or for anyone interested in helping beginners.

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10 Feb 2023

Dear John

Liontrust's John Husselbee's arguments in support of balanced funds are lame

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27 Jan 2023

Taking The Fear Out Of Maths

Improving maths standards will involve addressing the very real problem of maths anxiety

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2 Dec 2022

Vanguard Doubles Down

The passive fund behemoth refuses to consider possibility that inflation will remain high

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25 Aug 2022

Randomness And The Galton Board

For those who know what the normal/Gaussian distribution looks like but are not quite sure what it is

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14 Jul 2022

Blurred Lines or No Lines?

Retail investors cannot be adequately protected until the fundamental similarity between investing and gambling is recognised

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21 Jun 2022

Do Trends Exist?

It's not about cycles and trends, but pattern and randomness

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1 Feb 2022

Growing Pains

I remember feeling extremely honoured when I was invited four years ago to write this column. It seemed to me to be a great opportunity.

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1 Feb 2020

Education, Education, Education

It always saddens me when I hear about small investors having lost, perhaps irretrievably, a sizeable portion of their net worth, in...

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3 Feb 2023

Setting A Bad Example

The effort to improve financial literacy in this country itself needs to be improved

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19 Jan 2023

Auntie! No!

The PM should start with the BBC when it comes to improving maths standards

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20 Oct 2022

Citywire: Wealth Managers May Need A Complete Rethink

My latest piece, published in Citywire, takes aim at balanced and risk-rated funds

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22 Aug 2022

A Statistical Appraisal Of Bond And Equity Behaviour

Bonds and equities exhibit fundamentally different patterns

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27 Jun 2022

You Beauty!

The Magic of Fractional Reserve Banking

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25 May 2022

It's Time to Start Thinking in Real Terms

There are two effects of high inflation. The first is one that we have in recent weeks and months become brutally aware of, namely its...

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30 Sept 2021

When the Fun Stops...

How can young people be helped to reach this epiphany sooner?

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1 Jan 2020

Humility and Hubris

A few years ago, I attended a talk by a professional sports bettor. The aim of the talk was to explain the differencebetween professional...

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1 Feb 2023

What Makes A Good Investor?

Grey is the new gold! There will be as many opinions about what makes a good investor as there are investors. Here's mine.

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6 Jan 2023

Do Not Let Your Comfortable Retirement Slip Away

Now is the time for a truly bold asset allocation

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26 Aug 2022

OK, But What Do The Patterns Actually Mean?

Patterns in financial markets relate to human behaviour, the business cycle, and longer inflation cycles

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3 Aug 2022

Where Are We In The Cycle?

A reminder about what empirical research tells us about business cycle phases and asset class returns

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23 Jun 2022

Mea Culpae/Culpas

In the interests of complete openness...

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30 Apr 2022

Tools of the Trade

In this post I set out a classification scheme for publicly available investment funds. It is hoped this can provide those readers who ...

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31 Mar 2021

An Open and Shut Case

Closed-ended funds – investment trusts – are wonderful structures. So, too, are open-ended funds – OEICs, short for open-ended investment...

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30 Sept 2019

Many Unhappy Returns

Investment strategist James Montier now works with famed fund manager Jeremy Grantham at GMO, but in a past life wrote a fabulous paper...

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