The Investment Scientist

Posts Tagged ‘investor psychology

Last month, I was approached by a plastic surgeon whose money was with Morgan Stanley Smith Barney. He was looking for someone who could beat the market: not just promise to beat the market, like his financial advisor, but actually deliver.

I told him that I can’t beat the market, I can only help him capture the market. I could see a wisp of disappointment flash across his face.

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My friend Carl Richards made an interesting observation in his last post:

Just when we need something to zig, they all zagged together!

FearSome people draw the conclusion that diversification no longer works. I strongly disagree.

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Author

Michael Zhuang is principal of MZ Capital, a fee-only independent advisory firm based in Washington, DC.

Twitter: @mzhuang

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