Sometimes Smart Money is Dumb Too – Jason Zweig

Do all financial advisers turn their clients into better investors, or do some make their clients’ behavior even worse? My latest column looks at this question. There isn’t any doubt that many financial advisers keep their clients from getting too greedy as markets go up, while also inspiring them with hope during dark times —…

How Many Greater Fools Does It Take To Make A Bubble – Jason Zweig

Where do market “bubbles” come from? A team of neuroscientists and economists has produced the first scientific evidence for what prudent investors have long believed: Paying attention to what others are doing is the easiest way for traders to get carried away.  This new research can’t prevent the mass contagions that lead to bubbles. But…