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Fooled by Randomness
From Covestor: A good investing IQ goes hand in hand with strong financial knowledge and decision-making skills. That’s something that the majority of Americans lack, according to the latest nationwide study that seeks to measure the financial capability of U.S. adults. The National Financial Capability Study sponsored by the FINRA Investor Education Foundation asked participants five questions that tested...
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We all know what “fragile” means.  But what is the opposite of fragile? If you are like me, your instinctive response would be “robust” or perhaps “durable.”  But you would be wrong. Something that is fragile is damaged by an unexpected shock, whereas something that is robust or durable is able to withstand it.  To...
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