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NT-Regression to the Mean (James Kwak)

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    NT-Regression to the Mean (James Kwak)

    When I read something like this, I think of all the debacles I've seen among my clients over the years. Can't help but think that what James Kwak is saying about bankers applies equally well to stock brokers and financial advisors. In that regard, if James is just now discovering this, he could have saved himself some trouble by reading something that John Bogle wrote almost 40 years ago.

    By James Kwak I haven’t been writing about the JPMorgan debacle because, well, everyone else is writing about it. One theme that has stuck out for me, however, has been everyone’s refle…
    Last edited by JohnH; 05-14-2012, 08:34 PM.
    "The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith
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