Even a crystal ball wouldn’t help most people trade successfully, plus all the week’s best reads…
2024
What caught my eye this week. Some good news for investment trust fans this week, as the Financial Times reports: The UK government has exempted investment trusts from onerous cost disclosures in a move analysts believe will boost the £260bn industry and could support trusts’ share prices. In a joint statement this week, the government [...]
A few years ago I wrote about market efficiency and investing edge – and about how you don’t have it. But let’s dig deeper into why this is true. You often hear from retail punters and professional investors alike that passive (or index) investing makes markets less efficient. Their argument is that this inefficiency is [...]