Columnists

Commodity prices have been softening lately amid fears about China's economy overheating.

People tend to choose their advisors poorly, mainly because they consider them to be 'experts'. Unfortunately, experts tend to be constrained by their own feelings of self-importance. Tests have found that the higher the qualification and experience a person has, the less accurate their forecasts tend to be.

At a recent KiwiSaver seminar I was surprised to find that many employee members were still contributing 4 per cent of their pay, rather than the 2 per cent permissible since April 1 this year.

John Hess, chairman of US energy company Hess Corporation has predicted a "devastating oil crisis" in as few as five years, unless global action is taken.

Investments tend to go through three phases during a bull run.