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What keeps me going
By ROBIN POWELL When my Regis Media colleagues and I started producing content for financial advice firms, one of our first clients was Chas Boinske, President of Independence Advisors in Pennsylvania. As well as working together, we’ve become good friends over the years, and I’m full of admiration for the work that...
Sport, investing and the paradox of skill
By LARRY SWEDROE Despite volumes of research attesting to the meaninglessness of past returns, most investors (and personal-finance magazines) seek tomorrow’s winners among yesterday’s. Forget it. The truth is, much as you may wish you could know which funds will be...
How courageous is your fund manager?
Genuine active management requires confidence and conviction. After all, you’re making an active bet against the collective wisdom of the entire market. Of course, you could get it right; but, once you take into account the fees you charge and the...
Practitioners still pay too little attention to academia
By JOACHIM KLEMENT I recently read a paper that claimed that practitioner research has become increasingly more reliant on academic research and less on non-academic and unpublished research (e.g. from brokerage firms). As someone who intensively uses academic research in his work,...
Investing shouldn’t be a gamble
Investors should understand the “gambler’s fallacy” and how it impacts our thinking.
Are you still playing by the old rules?
Our understanding of finance and investing has come a long way since the 1980s. But as JONATHAN CLEMENTS explains, there are many investors, and indeed financial advisers, who are still playing by the old rules. Are you one of them? You...
The names are never the same
By LARRY SWEDROE I do not believe that (investment advisers) can identify, in advance, the top-performing managers — no one can — and I would avoid those who claim they can do so. — John Bogle Paula had...
