Statman: The news is creating psychological problems, not financial ones
Finance professor Meir Statman, author of "A Wealth of Well-Being: A Holistic Approach to Behavioral Finance," says the headlines and geopolitical risks that have investors and consumers scrambling for a plan of action are not that different from past times, and that taking a deep breath and calming down will be a lot better than altering financial plans or stocking up and filling "that refrigerator you keep in the garage." Statman acknowledges that inflation is scary — particularly because it removes a measure of certainty from pricing — but says that acting scared has never served investors and consumers well. In The NAVigator, John Cole Scott, chief investment officer at Closed-End Fund Advisors, is back and answering more listener questions, this time on business-development companies, highlighting how they are different from closed-end funds but should be included with closed-end funds for portfolio-construction purposes. In the Market Call, Daniel Dusina, director of investments at Blue Chip Partners talks about how he finds "underappreciated quality companies."