Results for 'larry swedroe'
For football fans — sorry, US readers, I mean soccer fans — the summer can drag. It’s that time of year when we feel obliged to rediscover our interest in cricket and, for two weeks only during Wimbledon, tennis. But there is one consolation to the lack of matches and that’s the transfer gossip. […]
A while ago I mentioned the inaugural Evidence-Based Investing Conference, which is taking place in New York City in November. Over the next couple of months, I’m going to be helping to promote the event with a series of interviews with some of the speakers.
In our book, Your Essential Guide to Sustainable Investing, Sam Adams and I explained that economic theory suggests that if a large enough proportion of investors choose to favour companies with high sustainability ratings and avoid those with low sustainability ratings (sin businesses), the favoured company’s share prices will be elevated and the […]
“Hedge funds are the only component of Wall Street that is built pretty much entirely upon myth. Few areas of financial endeavour have been a subject of so many hoary myths, moronic half-truths, goofy speculation, once-true falsehoods, and knucklehead fantasies.” — Gary Weiss, Wall Street versus America 25 years […]
My September 11, 2023, Advisor Perspectives article reviewed the empirical research findings on the relationship between inflation, corporate profits and stock returns, demonstrating that over 10-year periods and even longer, equities have not provided a strong inflation hedge. They have tended to suffer from a less-stable economic climate (the rate at which future […]
The last few decades have seen a dramatic shift of assets away from active to passive (such as, but not limited to, index funds) strategies. The shift occurred due to the overwhelming body of evidence demonstrating that while it is possible to win the game of active management, the odds of doing so […]
On October 1, 2019, Charles Schwab announced commission-free trading in stocks, ETFs and options trades. Other online broker rivals followed suit shortly afterward. Did the introduction of commission-free trading affect investor behaviour? William Johnson, Surendranath Rakesh Jory, Tanakorn Likitapiwat and Thanh Ngo, authors of the study The Liquidity Impact of Commission-Free Trading on […]
By ROBIN POWELL As Eugene Fama and Kenneth French famously demonstrated in 1992, value stocks have outperformed growth stocks over the long term. But growth has had the upper hand over value since the global financial crisis, and some commentators are suggesting that the so-called value factor, or value premium, has run its […]