What the Headline Earnings Number Leaves Out
One thermometer in a large building reports a single temperature. It averages the room that is freezing with the room that is fine, and describes neither.
The index · Topic
Diversification
7 articles filed under this topic.
When A Good Month Becomes A Bet
The June core sector reading hit a five-month high. One of its loudest components jumped partly because the basket itself had been redefined.
Borrowed Strength Is No Strength
A kingdom's strength was once counted in swords, later in trade and reserves. The last few years have added a third measure, which is what a country can make for itself.
When a Diversifier Stops Diversifying
A thali arrives with a spread of small bowls. If the kitchen has filled most of them with the same dal, the plate still looks like a thali from across the room.
Two Clocks in Every Sector Story
A steel plant takes years to build and decades to earn out. Exposure to it can be bought in the time it takes to finish a coffee.
The Tyranny of the One-Year Column
Silver returns 80 percent in a year and the money floods in. IT goes negative and the money floods out. Both crowds are reading the same misleading column.
Recency Bias Investor Behaviour Asset Allocation Diversification Financial Advice
Diversify Like a Thali, Not a Buffet
The buffet plate has everything and nourishes nothing. The thali has six items in the right amounts. One of these is a portfolio strategy.