Human Irrationality and Investment

As the battle between passive and active investing rages on and evidence continues to pile up to support the use of indexing strategies over picking stocks, investors continue to trade excessively in hopes of beating the market. Even worse, some pay exorbitant fees to managers that continually underperform. So, why do people continue to invest…

These Stupid Things Called Brains

I recently attended the Calgary CFA Society’s Annual Forecast Dinner. It’s probably the only event of the year where the entirety of the city’s investment and finance professionals come out of their dens for some awkward hobnobbing.