S&P 500 – “what happens next?”

S&P 500 – “what happens next?”

Background – Our Biases at Play We’re all guilty of it. We look at a graph and instinctively attempt to extrapolate into a future that we cannot possibly predict, using flawed logic and a number of confounding behavioural biases. Ask most normal people to...
Enough – how much is that?

Enough – how much is that?

“Enough is a feast”(Buddhist proverb) Kurt Vonnegut told his friend, Joseph Heller, at a party thrown by a hedge fund manager, that their host had made more money in a single day than Heller had earned from his novel, “Catch 22” over many years. ...
Active or Passive Investing – which do I chose?

Active or Passive Investing – which do I chose?

Background & History There have increasingly been two distinct, opposing schools of thought around investment methodology over recent years:  “Active” (the traditional approach over many decades) in which a fund manager picks stocks that they believe to...