It has not been a Happy New Year for financial markets. Fear is the predominant emotion, coupled with a sprinkling of self-righteousness as perennial bears find their voice once more. As always we need to be careful to separate fact from fiction (or forecast, if you prefer).
If we’re sticking… Read the article
The world is hard to understand, but as human beings we don’t like to look stupid. To get round these opposing forces we create stories; they simplify the world and allow us to pontificate with confidence in front of clients and at dinner parties.
Today the story seems to be:… Read the article
We define episodes as phases where emotion drives asset prices. It is a name that has come in for criticism: some think it has associations with mental disorder; others think of TV shows. It doesn’t score well in marketing focus groups.
But we think it is an apt description of… Read the article
Behavioural Finance Economics
There is something about the beginning of a new calendar year that seems to induce some slightly odd behaviour amongst some people. I’m not just thinking about all the new years’ resolutions to go the gym or cut down alcohol.
What’s odd is the continued desire to make financial market… Read the article