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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...
How romantic is your fund manager?
Warren Buffett’s business partner Charlie Munger recently offered an interesting insight into the success that he and Buffett have had over their investing careers. The vice chairman of Berkshire Hathaway was addressing the annual meeting of the Daily Journal Corporation, of which...
Warren Buffett: When the wind blows
Warren Buffett has just released his latest letter to Berkshire Hathaway shareholders, and once again it doesn’t disappoint. This year’s letter finds Buffett in reflective mood. On March 11th, he explains, it will be 77 years since he first invested in an...
You wouldn’t wish typical hedge fund returns on anyone
Consumers love a new product launch. Just look at the queues outside Apple Stores when a new iPhone comes out, or the enduring popularity of car magazines with their sneak peaks of the latest models. But launches of investment funds are different....
Key takeaways from Edinburgh
I’ve just returned from a fact-finding trip to Edinburgh. I’m going to be writing more about it at greater length in the coming weeks. Suffice it to say for now that I met three prominent and articulate advocates of active money management....
Hillfolio, the US robo bringing EBI to the masses
One of the problems with financial advice in the US, Matt Hall told me when I interviewed him for the latest TEBI Podcast, is that “most of our industry is going after the $2 million-and-more clientele”. In my experience, it’s a problem...
Teaching people to trade stocks is like starting them on heroin
Warren Buffett may be the most famous advocate of low-cost index funds, but his sidekick Charlie Munger has been just as insistent over the years that, for most people, indexing is the best way to invest. Munger, who’s now aged 95, gave...