PTL Blog

The cost of being too clever

Posted by Richard Butcher on Jan 12, 2017 11:19:28 AM

Richard Butcher says it's time to learn that complexity is generally costly

My school teachers were okay, but in a lifetime of learning since then I’ve come across so many other people who would have been better. Imagine Jonny Ball teaching you maths, Bill Bryson history, geography or science, or Brian Cox physics. 

I’m rereading one of the books of one such individual at the moment – Tim Harford’s The Undercover Economist. He makes it all so easy, so clear. So clear, in fact, it's worth relating – particularly since it also resonates with a recent Financial Conduct Authority (FCA) paper. 

This blog originally appeared in Pensions Insight – to continue reading click here.

 

Topics: investment, FCA, asset management

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