The Trouble with Recency Bias, According to Fisher Investments UK

The Trouble with Recency Bias, According to Fisher Investments UK

In Fisher Investments UK’s experience, investors often think what just happened will continue happening. Behavioural finance—a school of thought in investing that studies the relationship between human behaviour, feelings and money—has a term for this: recency bias....
How to Gauge a Company’s Size—and Why It Matters

How to Gauge a Company’s Size—and Why It Matters

Globally, more than 8,700 equities are listed on exchanges.i Finding ways to categorise and assess them is a key first step for any equity investor, in our view. One such way: considering company size. In our research of historical market returns, we have found...
Expect Persistent Pessimism When the Next Bull Market Starts

Expect Persistent Pessimism When the Next Bull Market Starts

Whenever this bear market (a prolonged, fundamentally driven broad equity market decline of at least -20%) ends—and it may have by the time you read this—we expect few to believe it. Even after data later—potentially much later—start to reflect improving economic...