Quantitative and statistical models are extremely useful in investing. But they are guides, not gospel.

The Wall Street Journal suggests that they may have:

This post is dedicated to all of the Nervous Investors out there: you know who you are. You want to start investing, or invest more, but are frozen by a myriad of concerns:

Investment markets are late in the economic cycle, the issue being that you never know when the end will come. However, there are some signs that it is not here yet for US equities at least - and there is the potential that US equities will hold the rest of the world out of the abyss for a little ...

The Hitchhikers Guide to the Galaxy has a galactic president:

Just a note to say that the annual tax statements are currently being calculated by Linear Asset Management and all current clients will be notified when available.

There is more from the Royal Commission grilling of National Australia Bank today, "Hopelessly Conflicted" is one term that I'm hoping will catch on:

News out this morning that ASIC Chairman James Shipton has greenlit the prospect of tactical taskforces to be embedded in our banks (for up to 8 weeks at a time) in an attempt to address the surging and endemic misconduct present in our banking system.

Fairfax has been running a series of articles (see here and here) on the collapse of Great Southern and the hardships it has caused, a timely reminder of the perils of mixing debt, investment and tax breaks. Almost every case consists of investors borrowing to invest on the advice of a trusted ...