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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 good old days
It’s been hard to make head or tail of global stock markets just lately. Four months ago it looked like Armageddon. Some commentators were predicting that markets would fall by more than 50%. In the event, prices recovered with almost breathtaking speed....
Another magic trick fund marketers play
Although they shouldn’t be, investors are hugely impressed by past performance. So fund management companies choose which funds they’re going to promote and advertise very carefully. Not only that, they also pay close attention to the time frame they use when quoting...
Three ways to spot a bubble
By PATRICK CAIRNS Everybody loves a good story. A good story, however, does not always make a good investment. The big bubbles that have formed in markets over the past few centuries have proved this to be true. Every time a...
Happy to own the losers
By ROBIN POWELL We’ve written many times on TEBI about the many myths that persist regarding index investing and the supposed superiority of active management. As Morningstar’s Ben Johnson said the other day, they tend to be self-perpetuating. If we invest...
The true definition of risk
There are few concepts more fundamental to an understanding of investing than risk. And yet many investors fail to grasp exactly what risk means — and doesn’t mean. As NICK MAGGIULLI explains, risk has nothing to do with volatility. Everyone knows that...
The twenty dollar bill
By LARRY SWEDROE The most common of all follies is to believe passionately in the palpably not true. H. L. Mencken There is an old story about a financial economist who also happened to be a passionate defender of the...
