In the News
Tight Budgets, Wild Markets Hurt Investment Clubs
Not that long ago, it seemed like everyone belonged to an investment club. People would gather at a friend’s house, share a few bottles of merlot and toast their soaring investments in Cisco and JDS Uniphase. And now? Not so much. In this article, Professor Brad Barber’s study “Too Many Cooks Spoil the Profits” is cited, suggesting that getting a bunch of investors together doesn’t tend to improve returns.
