IPE: Wes Crill on Market Cycles and Seeing What Isn’t There

IPE, a leading European publication for institutional investors and those running pension funds, recently published an op-ed by Wes Crill, Dimensional’s Head of Investment Strategists. “Viewpoint: Overlaps in judgement” looks at the dangers of trying to use historical stock market data to predict the future.

“Many investors believe markets to be cyclical and search for signs of cycles in an attempt to predict which investment styles are coming into and out of favour. Rolling stock returns are like a Venus flytrap for these investors, luring them to the illusion of a pattern where one may not exist,” Crill writes.

Read the full article here.