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The stock market has gotten off to a bad start this year, and to say Mr. Market is in a rotten mood today may be an understatement. Uncertainty about the Chinese economy and falling oil prices are to blame. For all the growth China has experienced, its economy and its stock market...

This article originally appeared in the April 2015 issue of the AAII Journal. The Wall Street machine acts as a huge distraction that creates noise and confusion in the markets—and in our own brain chemistry—that makes long-term investing more difficult. Guy Spier, manager...

Pessimism about the short-term direction of stock prices rebounded strongly as neutral sentiment pulled back from a 13-year high in the latest AAII Sentiment Survey. Bullish sentiment fell, extending its streak of unusually low readings. Bullish sentiment, expectations that stock...

This article originally appeared in the May 2015 issue of the AAII Journal. Experience is the best teacher. How true! I have been a professional investment manager for 62 years, mainly at David L. Babson & Co., where I managed portfolios for all kinds of individual and institutional...

This article originally appeared in the June 2015 issue of the AAII Journal. Robert Shiller is a Nobel laureate and the Sterling Professor of Economics at Yale University who studies market fluctuations and investor behavior. In April 2015, he spoke to AAII about stock and bond...

This article originally appeared in the November 2014 issue of the AAII Journal. About 70% of active equity mutual funds are closet indexers that generally fail to beat the market after fees. On the other hand, the other 30% of funds outperform on average. Thus, the task is to...

This article originally appeared in the May 2015 issue of the AAI Journal. Earnings estimates are the profit forecasts made by brokerage firm analysts. The consensus earnings estimate is the average of all published forecasts for a specific company or index. The consensus earnings...

This article originally ran in the April 2015 issue of the AAII Journal. According to the Investment Company Institute’s Fact Book, in 2013, there were 7,707 mutual funds in the U.S. This is more than the current number of stocks listed on the NASDAQ, NYSE and Amex exchanges....

This article originally appeared in the November 2014 issue of the AAII Journal. “A country of security analysts would still overreact. In short, even the best-trained investors would make the same mistakes that investors have been making forever, and for the same immutable reason—that...

Social media has become ingrained in our daily lives, but for investors, this could come at a cost. A Wall Street Journal article discusses the impact between knowing what others are thinking and the performance of one’s investment portfolio in the next market crash. The...