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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...
Beware the urge to break even
Imagine playing roulette at a casino. You suddenly feel lucky so you decide to put half your chips on red, only for the ball to land on black. What next? Do you: a) go home and resolve never to play roulette again;...
On average, returns are rarely average
It’s hard to overstate the importance of having a long-term perspective when thinking about investing. This new article from DIMENSIONAL FUND ADVISORS provides a useful illustration. Historically, the global equity markets have delivered an average annual return of around 10%. The problem,...
An investment lesson from the buffet table
My son is due to enrol at Stockholm Business School next year, and one of the things I’m looking forward to when I visit is sampling the Swedish lifestyle. Buffet. Take the smörgåsbord, for instance. For those, like me, who spend at...
How to avoid investment mistakes – Russell Napier
Few people have a better grasp of financial history than RUSSELL NAPIER, Keeper of the Library of Mistakes in Edinburgh. We had an excellent response to Part 1 of my interview with Russell, and I suspect you’re going to enjoy Part 2...
Does divestment produce positive results?
By our staff reporter A few weeks ago on TEBI we posed the question, Do sustainable investors behave better? We focused in particular on research conducted by DEREK HORSTMEYER, Assistant Professor of Finance at the George Mason University School of Business in Virginia....
Six steps to keeping your discipline
By RICK FERRI Creating a portfolio is easy; staying the course is hard. Despite our best intentions we sometimes fall off the wagon. We’re inclined to chase performance, react emotionally to market swings, and generally do far more trading than good...
