Unsophisticated Investors Come In All Sizes

The hallmark of the unsophisticated, or perhaps more accurately, the undisciplined investor is a tendency to buy high and sell low – in other words, to follow the market herd. The California Public Employees’ Retirement System, better known as CalPERS, recently announced its decision to liquidate all of its hedge fund investments. The decision itself […] View the full post at: Unsophisticated Investors Come In All Sizes Related posts: Prominent Money Managers Pallotta, Noble to Close Shop Over 100 Firms Apply to Buy US Toxic Assets The Stock Market: The New Normal?