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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...
Why aren’t women more involved in household financial decisions?
By LARRY SWEDROE An interesting and important question is: Do traditional gender identity norms constrain women’s influence over financial decision-making in their household? Da Ke sought to answer the question in his study Who Wears the Pants? Gender Identity Norms...
How do bad advisers manage their own money?
Do financial advisers who switch their clients’ money in and out of different active strategies behave as badly with their own portfolios? The evidence suggests they do. In fact, as ROBIN POWELL explains in his latest article for Money Marketing, their...
Market power and systemic risk
Some firms face more, or less, competition than others. Firms that face less competition are said to have more market power than their peers. But does that enable investors to profit? Or is that information already embedded in prices? LARRY SWEDROE looks...
We can’t all be above average
Robin writes: Here’s an interesting conundrum. As every TEBI reader knows, beating the market over the long term on a cost- and risk-adjusted basis is extremely hard to do. On average, actively managed funds underperform the index by about as much...
Investing’s untapped market: people with simple needs
The wealth management industry has traditionally focused on serving wealthy individuals with complex needs. But, according to a new report, a revolution is underway that will force a complete change in strategy. The winners, it says, will be firms that cater...
A duration-based explanation for equity factors
By LARRY SWEDROE The main objective of the asset pricing literature is to determine which characteristics are most important for predicting returns. Another important goal is to build simplified models, using as few factors as possible while still providing a...
