The FTSE 100 spent most of June hemorrhaging the gains that it had racked up through 2015. And it would be fair to say that that uncertainty over the Greek debt crisis was the primary cause. But for other UK indices like the FTSE 250 and FTSE SmallCap, the muddle in Europe has been noticeable but not disastrous. For mid- and smaller-cap stocks, the prospect of a major European shock doesn’t seem to be causing too much alarm, so far. But that’s not to say that the recent drawback in prices hasn’t been unsettling. Market-wide dips can be disheartening ...as we found out during this week’s rebalancing of the strategies inspired by the legends of finance.
Elsewhere this week, we’ve been reading...
- The Telegraph - Jim Slater: my seven rules for a successful share portfolio (S)
- Howard Marks, Oaktree Capital - Risk Revisited Again
- Ian Kelly, The Value Perspective - Better judgement – Investors can work to prevent personal biases influencing their decisions
- Tim Richards, The Psy-Fi Blog - Lost in your own memories: Age and the room effect
- Jason Zweig - Consuming financial news without being consumed by it
- Ben Carlson, A Wealth of Common Sense - Letting Go of the Why
- Lee Wild, Interactive Investor - Takeover frenzy: who's next?
- Patrick O’Shaughnessy, Investor’s Field Guide - Lessons from Market Extremes
- John Authers, the FT - That Russelling is the sound of indices being realigned (S)
- Jemima Kiss, the Guardian - Outgoing Twitter boss Dick Costolo bemoans quarterly reporting
Have a good weekend!
