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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...
Eight investment traps to avoid
By CAROLYN GOWEN “There is one principle a man must follow if he wishes to succeed, and that is to understand human nature.” – Henry Ford There are many ways in which human nature conspires to make our investment decision-making...
Can better investing reduce wealth inequality?
By VICTOR HAGHANI, JEFFREY ROSENBLUTH and JAMES WHITE Understanding the origins of wealth inequality is critical in the debate over what, if anything, to do about it. In this note, we propose a simple model which is still rich enough to...
Christmas gifts that keep on giving
By LESLEY GREGORY There’s only a week until Christmas, so if you don’t yet have those presents sorted, it’s time to get your act together. I find these decisions harder as children become adults and in a society where we want...
Markets aren’t 100% efficient? Whatever
By ROBIN POWELL When discussing the rival merits of active and passive investing with financial professionals, the conversation often turns, sooner or later, to the efficient market hypothesis (EMH). EMH, you will recall, was Eugene Fama’s brainchild. In a 1965 article,...
The outsize rewards for owning the top-performing stocks
This is a guest post from DIMENSIONAL FUND ADVISORS The stocks commonly referred to by the FAANG moniker — Facebook, Amazon, Apple, Netflix, and Google (now trading as Alphabet) — have posted impressive gains through the years, with all now worth...
A critical look at the arguments against index investing
By ALEX BRYAN, Director of Passive Strategies for North America at Morningstar There’s a lot to like about index investing. Market-cap-weighted index funds harness the market’s collective wisdom, they tend to enjoy a sizeable cost advantage over their active counterparts, and...
