BBC Business Headlines

EU to launch counter-tariffs against US on Friday
The move comes after President Donald Trump imposed steep duties on steel and aluminium in May.


Daimler expects lower 2018 earnings due to new tariffs
The Germany carmaker says new Chinese tariffs on US vehicle imports would have a direct impact on its sales.


UK government borrowing falls more than expected
Public sector borrowing fell to £5bn in May, down £2bn from a year earlier, official figures show.


Australia's Toys R Us stores to close down
The Australian arm of the US chain has 44 stores across the country and employs about 700 people.


Dixons Carphone sees big profits fall
The retailer admits that it has "plenty of work to do" in revamping its business as annual profits slide.



Search Books:

Join our mailing list:


Business Blogs

Paul Krugman

The Devil and Tom Donohue
Conservatives made an evil bargain, and evil is collecting its debts read more...




Online Marketing for Busy Authors
Now available!



Buy the Book


The Investor's Paradox: The Power of Simplicity in a World of Overwhelming Choice

by Brian Portnoy

Published by Palgrave Macmillan

Related articles:


An investment expert leverages insights from psychology, finance, and history to illuminate a path toward success in today's daunting markets

Investors are in a jam. A troubled global economy, unpredictable markets, and a bewildering number of investment choices create a dangerous landscape for individual and institutional investors alike. To meet this challenge, most of us rely on a portfolio of fund managers to take risk on our behalves. Here, investment expert Brian Portnoy delivers a powerful framework for choosing the right ones -- and avoiding the losers.

Portnoy reveals that the right answers are found by confronting our own subconscious biases and behavioral quirks. A paradox we all face is the natural desire for more choice in our lives, yet the more we have, the less satisfied we become -- whether we're at the grocery store, choosing doctors, or flipping through hundreds of TV channels. So, too, with investing, where there are literally tens of thousands of funds from which to choose. Hence "the investor's paradox": We crave abundant investment choices to conquer volatile markets, yet with greater flexibility, the more overwhelmed and less empowered we become.

Leveraging the fresh insights of behavioral economics, Portnoy demystifies the opaque world of elite hedge funds, addresses the limits of mass market mutual funds, and discards the false dichotomy between "traditional" and "alternative" investments. He also explores why hedge funds have recently become such a controversial and disruptive force. Turns out it's not the splashy headlines -- spectacular trades, newly minted billionaires, aggressive tactics -- but something much more fundamental. The stratospheric rise to prominence and availability of alternative strategies represents a further explosion in the size and complexity of the choice set in a market already saturated with products. It constitutes something we all both crave and detest.

The Investor's Paradox lights a path toward simplicity in a world of dangerous markets and overwhelming choice. Written in accessible, jargon-free language, with a healthy skepticism of today's money management industry, it offers not only practical tools for investment success but also a message of empowerment for investors drowning in possibility.


pub date: 2014-01-07 | Hardcover | 9781137278487