Image Credit: Christophe Vorlet By Jason Zweig | Nov. 6, 2010 12:01 a.m. ET Decades before anybody had ever heard of a mortgage derivative, an economist named Melchior Palyi predicted key causes of the 2008-2009 financial crisis with precision that makes a modern reader’s hair stand on end. His warnings help explain why investors insist on trusting...
Read MoreHave You Herd? Your Adviser Is Scared to Set You Straight
Image Credit: Christophe Vorlet By Jason Zweig | Oct. 30, 2010 12:01 a.m. ET On a weekend that is all about dressing up as somebody else, consider whether your financial adviser has been masquerading all along. Investment professionals are supposed to exercise independent judgment; in Warren Buffett’s words, they should be fearful when others are...
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