Brexit Fears and the Capital Markets

Posted by:

As a kid in school we learned the “sun never sets on the British empire”; fast forward this coming week we await a Brexit vote for secession from the European Union (EU). The opinion polls show a slight edge to the British exit while the bookies favor continued membership. While no one knows how the vote will turn out one of our responsibilities as your investment advisor is to help you put market news in its proper ...

Continue Reading →
0

Survivorship Bias

Posted by:

As the famous quote by Prime Minister Benjamin Disraeli states:  “There are three kinds of lies – lies, damned lies, and statistics”. In this installment of Financial TIPs we will focus on the third type of “lie”, statistics. One trick of the trade we must watch for when accepting or rejecting a performance analysis is survivorship bias; using statistics to mislead.

What Is Survivorship Bias?

Only the strong survive. This is a familiar adage because it’s often true ...

Continue Reading →
0