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Active vs passive investors: who behave better?

I was given the opportunity at the recent Humans Under Management conference in London to tackle one of the more insidious and resilient myths about index investing — namely that passive investors are particularly prone to bad behaviour. I’ve included my presentation at the end of this article. You should find it reasonably self-explanatory, but...

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Don’t be tempted to join the stampede

Traditionally, behavioural finance has focused on biases. Every propensity we have as investors to act irrationally has had a label attached to it — optimism, bias, recency bias, confirmation bias, and so on. But some behavioural scientists are starting to question whether the focus...

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Let’s teach children about investing in secondary school

I think we can safely say that if we’re serious about trying to defuse the global pensions time bomb, we need to prioritise investment education. Research by the OECD and other organisations has shown that adults who received financial education in school are more likely to...

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Why data and evidence trump emotions and opinions

I made a bit of a prat myself the other day. I was discussing active and passive investing with a group of delegates during the lunch break at a symposium on transparency in asset management in London. Among them was an active manager...

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Active vs passive investors: who behave better?

I was given the opportunity at the recent Humans Under Management conference in London to tackle one of the more insidious and resilient myths about index investing — namely that passive investors are particularly prone to bad behaviour. I’ve included my presentation at the...

Read more...

New improved TEBI almost ready for launch

In case you were wondering why I haven’t posted for a few days, I do have an excuse. We’ve been busy putting the finishing touches to a completely revamped version of The Evidence-Based Investor, which we’re going to be launching any day now....

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Indexing myths that need to be busted

On almost a daily basis we read negative stories about the rise of indexing. You know the kind of stories I’m referring to — it’s grown too big, it’s inflating the prices of the biggest stocks, it’s making markets less efficient, it’s causing the...

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