Stock picking: the zero sum game
“Don’t Blink! The Hazards of Confidence” by Daniel Kahneman. This article appeared in The New York Times Magazine over a month ago and serves beautifully to make the point that the results of stock picking can be likened to “a dice rolling contest, not a game of skill.” The article is adapted from Professor Kahneman’s...
Active management, an inefficient form of foreign aid?
Richard Stott argues that passive management is a more stable and socially responsible approach to investment. Does Norges Bank Investment Management / NBIM's continued participation in the active buying and selling of investments go again social responsibility?