What is SPIVA?

If there is one thing every investor should know about before considering the purchase of an actively managed mutual fund, it is this: the SPIVA report. SPIVA stands for “S&P Indices Versus Active” and it describes a semi-annual scorecard comparing […]

What is confirmation bias?

Building on last month’s post which addressed how we might tackle investing in a potentially “over-valued” market, I thought I would explore one of the most common cognitive biases that undermines good financial decision-making: confirmation bias. About a year after […]

Our war with the future

Once upon a long long time ago, a famous military general was returning from war.  He couldn’t wait to get home to his family and his palace, but there were numerous challenges along the way and it took him ten […]