Originally published December 8, 2014
It Was A Dark and Stormy Market…
What Investors Can Learn From What Fund Managers Read
If you Google “stock market articles today”, you’ll have 114 million choices to choose from! That probably does not include all the social media platforms or the 24/7 business and financial TV channels that you can stream on the internet today. We can all agree that is a lot of information to filter. Where do you begin? They say imitation is the sincerest form of flattery, so why not read what the experts are reading?
In today’s Wall Street Journal, several large mutual fund managers discussed their preferred reading material. PDS Planning’s own Bob Cochran offered the following commentary:
Read It All, Skeptically
Bob Cochran is chief compliance officer at PDS Planning Inc. in Columbus, Ohio. He is also a financial adviser who knows when to spot nonsense. He’ll get the latest views on the markets, he says, but “they range from end-of-the-world scenarios to Pollyanna squared.”
His conclusion: “The alarmists are seldom right, but they will be sure to remind us of those few times they were, and the buy-and-hold crowd are often seeking to hold on to client assets. The truth is usually in the middle, somewhere.”
Original Wall Street Journal Article from December 7, 2014: “Reading Habits of the Investment Pros”
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