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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...
Are passive managers really kings of Wall Street?
By CRAIG LAZZARA “You all did see that on the Lupercal I thrice presented him a kingly crown, Which he did thrice refuse.” — Julius Caesar, Act 3 The Wall Street Journal recently declared that “Index Funds are the New...
Match your spending with your values
By JASON BUTLER At a basic level, humans are motivated by the desire to avoid pain or to gain pleasure, and research shows that our desire to avoid pain is twice as much as our desire to gain pleasure. But...
Ten reasons not to invest
By RICK FERRI Oh, how painful it has been to learn these lessons. I’ve been around the investment industry for a long time and have made plenty of mistakes. I’ve also seen a lot of variations on the theme of...
How interest rates influence risk taking
By LARRY SWEDROE In his wonderful book Your Money and Your Brain, Jason Zweig showed the results of a study that asked more than 400 doctors whether they would prefer radiation or surgery if they became cancer patients themselves. Among the...
When active investing distorts markets
By VICTOR HAGHANI and JAMES WHITE Home bias refers to the tendency to invest more heavily in one’s domestic equity market than global market-value proportions would suggest. When Warren Buffett advises his heirs to put 90% of their inheritance in the...
Every purchase has an opportunity cost
By LESLEY GREGORY Good news. You can afford the top-of-the-range sedan you’ve had your eye on. You have enough in savings to take that tour of China’s Tea Road next year. And if the bank says there’s no hurdle to taking...
