Peter ElstonFeb 1, 20074 minIt's About the Long Term, StupidBill Miller’s 15-year streak of beating the S&P 500 index is finally over. When the end came it was big. His fund, the US$ 21 billion...
Peter ElstonOct 1, 20064 minThink Before You Invest – Overconfidence is a KillerIn a November 2005 report, James Montier, the maverick global equities strategist for investment bank Dresdner Kleinwort Wasserstein in...
Peter ElstonSep 1, 20064 minToo Many Eggs in Investment BasketsEveryone knows that diversification reduces risk. Except, of course, when it doesn't. It took the world some time to notice...
Peter ElstonAug 1, 20063 minMutual Funds: Watch out for Flapping FeetMost of us know of the proverbial swan, sailing seemingly serenely across the surface of a lake, while obscured by the water its legs...