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CONVENTIONAL wisdom recommends that investors start with a high allocation of stock in their portfolios when they are young and reduce it as they approach retirement.
He suggested averaging the declining exposures that conventional wisdom recommends over the decades leading up to retirement — that is, somewhere between the higher levels recommended for youth and the lower ones of the pre-retirement years.
Printing money is what the prevailing economic wisdom recommends (with the Austrian School of Economics loudly recommending otherwise).
While one could debate the fairness of such a large premium, if you are a buy-and-hold investor whose intention is to invest for the long-term (as almost all conventional wisdom recommends), it seems not only unfair but flat-out foolish to pay 20 30% more for a liquidity premium that you don't intend to use.
Folk wisdom recommends everything from diligent hand washing to preventive dietary picks, but what really works?
Because the employer must have knowledge of the conduct, conventional wisdom recommends that employers have policy statements defining prohibited conduct, undertake specific workplace training, and have a well-publicized complaint procedure that goes outside the normal chain-of-command.
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After WHI prematurely stopped its first trial in July 2002, WISDOM's Data Monitoring and Ethics Committee recommended WISDOM to continue as long as women were informed of the current state of knowledge.
After spending time with both the manual and automatic gearboxes, I'd counter the conventional wisdom and recommend the automatic.
Numerous reports over the years have questioned the wisdom of recommending low-fat diets for preventing or retarding heart disease.
Commissioners were split on the wisdom of recommending anything relating to the safety of spent nuclear fuel pools, especially given unclear data about the Fukushima pool incident.
Love bombing seems to fly in the face of conventional wisdom, which often recommends more control, not less, when a child is not complying, and stricter, firmer reactions to undesirable behaviour.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com