Active fund managers

Still Living in the Cave: Why Some Investors Refuse to See the Evidence

Over 2,400 years ago, the Greek philosopher Plato introduced The Allegory of the Cave in his work The Republic. It told a story of prisoners chained inside a cave, staring at shadows on a wall, convinced that what they could see was all there was to know.

Watch out for those pirate funds

A few minutes into trading on the third of February 2020 the ASX released a list of companies whose securities had been suspended from trading for an unacceptable period of time. It was removing their listings from the exchange. Why? Various reasons, but most had gone bust. Many were now shells.