Jason Zweig
speaker
906 appearances
17 recordings
1 series
first heard Jan 2018
last heard Sep 2022
Jason Zweig’s voice in public audio — every appearance, attributed to the second.
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Appearances
And, you know, there are a lot of people, my elderly mother among them, who will complain about, oh, the computer bollocks everything up again.
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And of course, it's not that simple because humans are programming the computer.
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But
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Certainly in a case like this where a large number of clients are being automatically shunted into a type of investment that is relatively unprecedented in their experience, it raises the question of whether you ever really want to delegate everything to a robot, to a computer.
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Well, what Wealthfront will tell you is that this is a rules-based investment strategy, and they plan to manage it very carefully and to treat it as a safe place for their clients to have their money.
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But losing 9% in the first four months, even though that is a short period, does constitute a bit of a warning that you don't want to take your eye completely off the ball.
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That is substantial.
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Yeah, there are several prominent firms that have been managing money using what's called a risk parity strategy for quite a few years now.
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It depends on how you define success.
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I would say that for the level of risk that these funds have taken, their performance has been respectable.
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They've lagged the stock market, but they've taken on less risk.
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It's a complicated strategy, though, and it takes quite a bit of explaining, probably more than we can do right here, which raises yet another question of whether people really should be automatically put into something that is more than a mouthful to explain.
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Thanks, JR.
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This is Your Money Matters from The Wall Street Journal.
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Yeah, well, what's really interesting, Anne-Marie, is that the way people react to a market decline
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obviously depends partly on how much the market goes down.
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But a financial historian recently showed that it also depends and depends even more so on how much it goes down relative to how much it's been fluctuating recently.
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So in a market as smooth and stable as we've seen over the past few years, you really should have the expectation looking ahead that if the market goes down pretty much anything at all, people will be much more upset by it than they normally would.
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Yeah, absolutely.
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What's going to happen in the fourth quarter of 2018 is that the financial crisis of 2008-2009 will start to disappear from the 10-year historical record because the worst of the months were October and November of 2008.
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Showing 841–860 of 906 · page 43 of 46
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