stock-pickers Archives | Wealthfront Blog Personal Finance & Investing Insights Wed, 12 Jan 2022 01:12:38 +0000 en-US hourly 1 https://www.wealthfront.com/blog/wp-content/uploads/2019/09/cropped-wave-logo-transparent-hi-res-500x500.png stock-pickers Archives | Wealthfront Blog 32 32 The Illusion of Stock-Picking Skill https://www.wealthfront.com/blog/illusion-stock-picking-skill/ Thu, 19 Mar 2015 14:02:55 +0000 http://www.wealthfront.com/blog/?p=5048 I first visited a Wall Street firm in 1984. I was there with my longtime collaborator Amos Tversky, who died in 1996, and our friend Richard Thaler, now a guru of behavioral economics. Our host, a senior investment manager, had invited us to discuss the role of judgment biases in investing. I knew so little […]

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]]> The Stock-Pickers’ Market Myth https://www.wealthfront.com/blog/stock-pickers-market-myth/ Tue, 03 Feb 2015 02:05:54 +0000 http://www.wealthfront.com/blog/?p=4947 Earlier this month, Barron’s ran a cover story that made the case that 2015 was likely to be a “stock pickers’ market.” Active portfolio managers were expected to “recapture their lost glory” as interest rates were predicted to rise. Unfortunately, we have heard similar claims at the start of every year. In early 2014 The […]

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]]> Indexing and the 2014 “Stock-Picker’s” Market https://www.wealthfront.com/blog/indexing-2014-stock-pickers-market/ Thu, 21 Aug 2014 15:22:46 +0000 http://www.wealthfront.com/blog/?p=4587 In January of this year it was widely believed 2014 would be a “stock-picker’s” market. While the S&P 500® index of large U.S. stocks produced an extremely generous return of more than 30% in 2013, an indexing strategy was deemed unlikely to be effective in 2014 — or so active managers argued in an attempt […]

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