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Investors Gone Wild
Capital markets are designed to reallocate money from dumb people to smart people. If that weren’t true, smart people wouldn’t play. Smart people don’t play unless they have a probability of winning. For example, smart people don’t tend to play the lottery. (If you have ever wondered why the PowerBall winner is [...]
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Continue ReadingOne of the roadblocks to successfully applying global asset allocation models (did I just say that?) is that investors simply are not aware of the availability of liquid, individual-country indexes. Implementing a globally diversified investment account plays second fiddle to the news of the day. I see a large number of financial advisers (including your [...]
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