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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...
Learn from your money mistakes
By JASON BUTLER We all know people who never seem to learn from their past mistakes. Whether it’s choosing unsuitable romantic partners and suffering emotional heartache, doing the wrong job and not being happy or not controlling spending and failing to...
Will the optimists triumph again?
By ROBIN POWELL We are living in extraordinary times, with billions of people around the world more or less confined to their homes as a result of the coronavirus pandemic. It’s very unclear how long it will take for things to return...
Why you should avoid thematic funds
By NICOLAS RABENER This research note on thematic funds was originally published by the CFA Institute’s Enterprising Investor blog. Here is the link. Summary Thematic investing can be viewed as performance chasing with a narrative A systematic approach to thematic...
Do recent correlation levels tell us anything?
With stock markets falling or rising by 5 or even 10% a day just lately, it’s practically impossible to predict the direction of markets in the very short term. In the long term, as TEBI readers know, the picture is usually positive....
Robin’s Reads, Week 11, 2020
By ROBIN POWELL Recent market falls Even for the most disciplined investors, this has been tough (James Stewart) A market lesson in a time of crisis (Patrick Cairns) Some perspective on the recent market falls (Garrett Quigley) Resist the itch for...
Does indexing really get you average returns?
By LARRY SWEDROE The 1973 publication of Burton Malkiel’s “A Random Walk Down Wall Street” set off a revolution. Malkiel presented findings from academic research on the failure of actively managed funds to beat the market. The standard response at the...
