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Bias of technology, either change or difference, refers to a shift towards or away from use of a factor. The exact meaning depends on the definition of neutral used to define absen ... Read more

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Investing Tip

Financial Market Innovations

by Seth Klarman

Financial market innovations are good for Wall Street but bad for clients. Investors must recognize that the early success of an innovation is not a reliable indicator of its ultim ...

How to Buy Out-Of-The-Money Stock Options

I have heard it all when it comes to buying out-of-the-money stock options.   Some of the most  common things I hear are… “I was taught never to buy OTM ...

Contrary Opinion and Bullish Consensus

The logic of contrary opinion is flawless; gathering the information is the difficult part. Once everyone is bullish or bearish, everyone who wants to be on tha...

Questions to Ask Financial Advisor References

In Interview Questions for a Financial Planners, Interview Questions a Broker, and Interview Questions for Money Managers there are questions that may be specif...

Financial Advisors Require More than a Simple Referral

The late Dr. Harry Clark Noyes, a psychologist who examined consumer behavior for his New York firm Psychological Motivations, said there are plenty of people w...

Are References and Referrals a Conflict of Interest?

In 1988, I was named business editor at The Morning Call in Allentown, Pennsylvania, and I needed to make as many contacts as possible quickly in the business c...

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