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Mike is Senior Vice President of Research and a member of Fisher Investments’ five-person Investment Policy Committee. He is the author of six books, including 20/20 Money: See the Markets Clearly, Gain Focus and Invest Better than the Pros. Mike joined the firm in 2002.
It may never get better than 2020 to know yourself as an investor. COVID-19, dastardly in its ability to spread so readily and affect so many, not only creates money problems—it creates real existential threat. Couple that with the most contentious US election in memory, and you have a veritable (albeit emotionally painful) lab to test your true risk tolerance.
In honor of Halloween, Dia De Los Muertos, or whichever way you celebrate the darker side of things, here are five great books to take the scare out of your portfolios.
Senate Majority Leader Mitch McConnell just unveiled the Republicans' new trillion-dollar stimulus plan, calling for a reduction to the $600 unemployment boost. Mike Hanson, SVP of Research at Fisher Investments, joined Cheddar to discuss.
Everyone seems to be in flirtation mode with market rotations— specifically, leadership from large and growth stocks to small and value. Even bond guru Bill Gross got in on the action recently. And that’s the problem.
Thirty years from now, on some impressively super-powered computer terminal with access to data and computation we can barely fathom, a supremely confident analyst will look at the bear market of 2020, smirk, and say:
A wide-ranging discussion with Professor Meir Statman. Meir is the Glenn Klimek Professor of Finance at Santa Clara University, he’s won numerous awards and accolades for his work, and his most recent book is “Behavioral Finance: The Second Generation,” published by the CFA Institute.
Just recently, there’s been a gluttonous grab for “high-frequency data”—mostly daily, sometimes hourly, off-the-beaten track information investors believe gives them a clue about what happens next in today’s chaotic environment. So, instead of waiting for monthly services and manufacturing PMIs to rear their ugly heads, for example, people are instead looking to OpenTable’s daily restaurant bookings for hints on the recovery.
The economy is not a machine—it’s a system. That policymakers understand the difference is crucial to whether we see a quick recovery, or something far worse.
