The Market Is Always Wrong

By Harry Sit

Here are some articles I read recently. Some them have been out there for some time.

Privately Traded REITS by White Coat Investor – The White Coat Investor is a new blog by a doctor for doctors. The articles are still relevant if you are not a doctor but a busy professional with high income.

Privately REITs (and limited partnerships) are a problem primarily for wealthy investors: doctors, lawyers, and business owners. Stated more precisely, they are problem for wealthy investors who work with brokers.

Speaking of products for the wealthy, also read CME Pushes Managed Futures – Wealth with little risk by Allan Roth at The Irrational Investor.

If you are not wealthy enough, even brokers won’t bother you with private REITs, limited partnerships or managed futures, although they may throw you a VUL. Read about them now in case you encounter them later down the road.

Free 1-Year Subscription to BusinessWeek Magazine by Jonathan at My Money Blog – My subscription to Financial Times is going to end soon. I have a hard time keeping up with it daily. I already listen to BusinessWeek’s Behind This Week’s Cover Story podcast and I like it. I signed up for the weekly print magazine since it’s free. I will see if it comes.

A Random Walk Talk With Burton Malkiel by Matthew Amster-Burton at MintLife. An interview with Burton Malkiel, Princeton University professor and author of the famous book A Random Walk Down Wall Street. There’s also a part II of this interview. I like this quote the best:

"The market’s always wrong."

Read the interview and see why the market is always wrong.

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Posted on June 17, 2011 under News. Keywords: .

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2 Comments on The Market Is Always Wrong

  1. Danielle on June 17, 2011
     

    I’ve always thought that life insurance was not a great investment tool but I had no idea it could be that predatory. Wow. – I liked the interview with Burton Malkiel too but who is he kidding? He didn’t realize we were in a housing bubble? They really do live in ivory towers.

    Danielle.

  2. Darwin's Money on June 28, 2011
     

    Interesting about that doctors for doctors thing; I wonder how their returns compare to the rest of us! btw, I’ve been an avid BusinessWeek reader for 10 years now; love it.

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