A novel investment approach for those Americans who have no time or expertise

What if there was a portfolio that could be all these things? One, keeps you from being too conservative – that is sticking to bonds or bank deposits and see your purchasing power getting eroded by inflation. Two, stops you from owning any individual stocks or bonds. Three, does not require a broker, financial...

Terry Burnham has written a book (Mean Markets and Lizard Brains, by Terry Burnham, John Wiley & Sons; $16.95; Pages 324), to help you “profit from the new science of irrationality.” But what it describes is not exactly a science and is not new. It is the good old behavioural finance theory. As Burnham says “conventional financial advice is based on the assumption that both people and markets...

Jim Rogers is a legend of investing. After growing up in Demopolis, Alabama, he won a scholarship to Yale University. After graduation, he attended Balliol College at the University of Oxford, where he earned his first Guinness record as coxswain of the rowing crew. Back in the US, he worked for a broking company Arnhold & S Bleichroeder where he met George Soros with whom he co-founded the...