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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...
Investors who smoke earn lower returns, study shows
By JOACHIM KLEMENT A recent study by Charline Uhr, Steffen Meyer and Andreas Hackethal of the University of Frankfurt looked at the returns of 3,553 investors who smoke compared to those of 10,091 non-smokers. They found that between 2012 and 2018: The...
Do active funds perform better in less efficient markets?
By LARRY SWEDROE The historical evidence is so overwhelming that even many devotees of active portfolio strategies have conceded that the efficiency of the market for U.S. large-cap stocks is so great that attempting to add value through active management in...
Eminence versus evidence in finance and medicine
By ROBIN POWELL In the seven years that I’ve been writing about investing and financial advice, I’ve always been fascinated in the differences between finance and medicine, and between financial advisers and doctors specifically. Here are five important ones: Doctors are...
Diversification — one free lunch you mustn’t turn down
Diversification is the one free lunch in investing, and yet so many investors turn it down. By diversifying broadly across different asset classes, economic sectors and regions of the world, you avoid the risk of a catastrophic fall in the value of...
To help others, help yourself first
By CAROLYN GOWEN “Putting yourself first is not selfish. Quite the opposite. You must put your happiness and health first before you can be of help to anyone else.” – Simon Sinek Towards the end of last year, I met...
Are we seeing a green bubble forming?
By JOACHIM KLEMENT As my readers know, I am a fan and proponent of ESG investing. I think this is not just a fad and instead will only become more widely accepted as time goes by. On the other hand, I...
