Money Observer: What Piketty has in common with reality TV

‘Who says a reality television show can’t convey an important message?’ asked my friend Elly Steinberg, who is a documentary film-maker. She was referring to The Great British Benefits Handout on Channel 5, where three unemployed families who live on benefits were each given £26,000. Some of them managed to get a business off the ground, invest in education and become self-sufficient. The important message … Continue reading Money Observer: What Piketty has in common with reality TV

Money Observer: Active fund managers – are two heads better than one?

Some investment funds are managed by a single manager, often with the support of a team of analysts, while others are co-managed by a pair. Co-managers argue that, as no individual can know everything, it’s better to have two managers running a fund. But are two heads really better than one, or do too many cooks spoil the broth? Research in 2010 on investment clubs … Continue reading Money Observer: Active fund managers – are two heads better than one?