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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...
The value of a second opinion
The classic 2002 book When Genius Failed tells the true story of a hedge fund, run by a supremely confident Wall Street bond dealer. With the help of two Nobel laureate economists, he thought he had cracked the code to make...
How predictable are government bond returns?
By LARRY SWEDROE Government bonds represent about 30 percent of overall market capitalisations across asset classes. Guido Baltussen, Martin Martens and Olaf Penninga contribute to the literature with their June 2020 study Predicting Bond Returns: 70 Years of International Evidence. They...
US technology stocks are expensive. So what?
Markets always go up over time. Even though there is concentration risk in US tech stocks at the moment, it is unlikely to stay this way.
Investors tend to forget their mistakes
By JOACHIM KLEMENT One of the most common experiences every advisor and professional investor makes is that people readily remember their best investments but have a hard time remembering their worst investments. And admittedly, remembering the duds you invested in and...
A lost decade for endowment returns
By LARRY SWEDROE In our book The Incredible Shrinking Alpha, Andrew Berkin and I presented the evidence demonstrating that the hurdles to delivering alpha had increased, and would continue to increase, making it ever more difficult for active managers to add...
Don’t be scammed this Christmas
By LESLEY GREGORY Consumers are being warned to be alert to online shopping scams, as more people turn to the internet for Christmas gifts this year. “Intelligence from our members across the banking and finance industry shows that purchase scams are on...
