Sometimes, Investment Ignorance Is Bliss
Avoiding the temptation to know the unknowable.
The Presidential Premise
Recently, I overheard somebody crediting the economy's strength to the president. Under Donald Trump, the argument ran, businesses have recaptured their "animal spirits" and are acting with renewed confidence, which has stimulated job creation, thereby sparking the stock market. In addition, companies are benefiting from January's tax cut.
Such claims are difficult to corroborate. Nobody measures the animal spirits of corporate executives, nor can the effect of a single factor on the economy be readily judged. Even if U.S. job growth had accelerated since January, it would be speculative to credit that change to the tax bill. It is more speculative yet when such an event has not occurred.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
We’d like to share more about how we work and what drives our day-to-day business.
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.
How we use your information depends on the product and service that you use and your relationship with us. We may use it to:
To learn more about how we handle and protect your data, visit our privacy center.
Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.
To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.
Read our editorial policy to learn more about our process.