The Wall Street Journal

‘The Humble Investor’ and ‘How Not to Invest’: Money Matters

‘The Humble Investor’ and ‘How Not to Invest’: Money Matters
(Image: Getty)
The Wall Street Journal
By Scott NationsThree decades ago, several academic economists recognised that finance isn’t physics and its questions can’t be answered with an equation, no matter how many esoteric inputs are involved. Since then, we’ve begun to accept that finance is about what fallible human beings should and shouldn’t do with their money. What to do and what not to do – what else is there to know? At times like these, with the S&P 500 flirting with bear-market territory, how you answer these questions can ma...

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