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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...
Short-term bias is putting Britons at serious financial risk — report
“Waiting helps you as an investor,” Charlie Munger once said, “and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that.” Unfortunately, it seems, very few of us...
Francis Galton and the iron rule of markets
“Reversion to the mean,” Jack Bogle once said, “is the iron rule of financial markets.” And if you understand nothing else about how investing works, grasping this one simple concept will give you a better chance of succeeding at it than supposedly more...
#SFTW: Why do UK advisers still love active funds?
SOMETHING FOR THE WEEKEND UK advisers. It seems like yesterday that we were welcoming in 2018, and here we are, fast approaching the end of the second week of the year already! There’s plenty going on. If you haven’t been on the...
Stats that shame the UK advice profession
Three years ago I had some email correspondence with a fellow journalist, now working overseas, about why active funds were so utterly dominant in UK asset management — compared, for example, with the United States. “The main problem for the UK,” my colleague said,...
The wisdom of crowds: What do you know that millions don’t?
Imagine you’re at a village fête, and you decide to have a go at guessing the number of jelly beans in a jar. How confident would you be of guessing exactly right or, say within one or two of the actual number? Chances...
The investing documentary everyone’s talking about
I’m a proud man today. After nine months of hard work, the full-length version of our new documentary, Investing: The Evidence is now online. For those who don’t yet know how investing really works, watching this film might just be, in financial terms,...
