With ISA season nearly upon us, the financial press is beginning to ratchet up the commentary on just how and where investors should be deploying their tax-free allowances. Jonathan Eley in the FT this week touched on some of the points to consider. He also made the observation that while it's often advised that you should “run your winners and cut your losers", most investors do the opposite. They sell winners too early and fall prey to emotional flaws that cause them to hang on to stocks that have done badly for far too long. This so-called 'disposition effect' is by no means confined to individual investors… studies like this one by Inalytics have long shown that professional fund managers suffer from exactly the same problem.  

Some of the ISA season articles around this week included…


Fortunately for investors in Berkshire Hathaway, chairman Warren Buffett rarely finds himself on the wrong end of an investment decision (although he did admit recently that he'd been rather too slow to offload his Tesco stock). With that in mind, this week at Stockopedia, we followed up on Buffett's recent letter to shareholders with a look at the sorts of good quality UK stocks that would catch his eye. This article on Insider Monkey takes a closer look at some of the other stocks Buffett has dumped.

Meanwhile, earnings season continues apace, keeping Stockopedia's small cap expert Paul Scott busy - you can catch up with his reports here. With the US economy continuing to show signs of improvement, Alex Naamani used his GuruScreen movers column to look at US cyclicals. Expectations that cyclicals will benefit from the current conditions was a subject covered recently by Russ Koesterich, the global chief investment strategist at BlackRock.

Elsewhere this week, we liked...

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