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Introducing our new portfolio review service for professionals
The vast majority of pensions funds, charities, endowments and other institutional portfolios have underperformed the market for decades. The way to stop the rot is to have an independent portfolio review, reduce fees and complexity, and increase diversification. From today, that’s precisely what TEBI is offering. As anyone who’s read The...
It’s time for some humility from Hargreaves Lansdown
By ROBIN POWELL As a journalist, you have to smile when people in authority blame the media when things to wrong. What they tend to forget, of course, is that it’s often because of the media that they got to where...
The Covid crash one year on: how was it for you?
It’s 12 months since the sharp falls in global stock markets resulting from the spread of Covid-19. The falls began in the last week of February. There was another steep decline on 9th March. Two days later, President Trump announced a travel...
Can active managers time factor exposures?
By LARRY SWEDROE One of the advantages active managers tout is that they have the opportunity to adjust factor exposures, taking advantage of regime shifts. Is that ability an advantage, or just one that is fraught with opportunity? Manuel Ammann, Sebastian...
Three reasons for active managers to feel positive
By CRAIG LAZZARA For at least five years, we’ve noticed that, despite historical performance, active managers regularly proclaim that this year will at last be the time when active management shows its value. I suspect that most advocates of indexing derive at least some guilty...
The odds of outperforming through active management
By LARY SWEDROE The greatest advantage from gambling comes from not playing it at all. — Girolamo Cardano, 16th century physician and mathematician My good friend Bill Schultheis, author of The Coffeehouse Investor (it was a privilege to write...
Which is best for corporate bonds — active or passive?
Robin writes: Here at TEBI, we’re not huge fans of corporate bonds. The reason is we like to keep things simple. Equities should make up the bulk of your portfolio; the rest of it, ideally, should be invested in short-dated government bonds...
