Can Average Investors Really be as Bad as Studies Say?
A blog about money, personal finance, and investing.| www.michaeljamesonmoney.com
We often see debates about whether or not volatility of returns is a good measure of risk. This debate is related to what I think is a bigger issue: the difference between perceived risk and actual risk. Perceived risk is influenced by observations and “dollar bias,” but actual risk comes from the full range of what might happen and its influence on buying power.| Michael James on Money
Before reading Barry Ritholtz’s book How Not to Invest, I wondered if the “Not” in the title was a sign it would be filled with gimmicky ways of giving investment advice. It isn’t. Investing well is simple enough, but the world tries to push us towards many types of poor choices that lose us money. The best advice is a list of the many things to avoid when investing. This book gives readers the benefit of Ritholtz’s extensive experience with staying on the simple path to inv...| Michael James on Money
A blog about money, personal finance, and investing.| www.michaeljamesonmoney.com
