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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...
Should you take voluntary redundancy?
By LESLEY GREGORY Having taken a big hit to its bottom line because of the COVID crisis, a friend’s employer recently opened a voluntary redundancy program. Kate has to decide by the end of this month whether she’ll be one of...
The story behind Index Fund Advisors
Mark Hebner is a true pioneer of evidence-based investing. He’s the founder of Index Fund Advisors, one of the first financial advice firms in the world to work with Dimensional Fund Advisors. Based in Irvine, California, the firm has around $3.7 billion...
Let’s make EBI fun, Part 2
We recently featured a funny video on market efficiency, presented by the comedian Sammy Obeid. The video was written and directed by David Stolin, Professor of Finance at Toulouse Business School. We asked Professor Stolin how the video came about — and...
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that practitioner research has become increasingly more reliant on academic research and less on non-academic and unpublished research (e.g. from brokerage firms).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,...
