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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...
Factors in focus: Momentum (4/5)
Most of the main risk factors — value and size, for example — are essentially bets on relatively unloved stocks. But momentum is the exact opposite: it’s a tilt towards the most popular stocks. In other words, compared to other factors,...
Why and how systematic strategies decay
By LARRY SWEDROE In his 2014 study, Claude Erb asked the question, Has the Stock Market Been Overgrazed? He began by noting that, over time, the market beta, size and value premiums have all declined and were then at lower...
Where are you looking for information on investing?
Five things investors need to know 5. PEOPLE TELL YOU WHAT THEY WANT TO TELL YOU LOUISE COOPER is a financial journalist who works for the BBC and several national newspapers. In the last in the series, she...
Most (yes, most) stocks fail
By LARRY SWEDROE Individual stock ownership offers both the hope of great returns (finding the next Google, for instance) and the potential for disastrous results (ending up with the next Enron). Because investors are not compensated for taking the risk...
Top-quartile returns guaranteed
Investing pioneer and friend of TEBI Charles Ellis has been dropping truth bombs again — this time in an interview with Howard Gold at MarketWatch. Best known as the author of the classic book Winning the Loser’s Game, Charley is now...
Do well and do good
There is often a vast gulf between what people think financial advice is all about and what it actually is. The popular view that advice is solely focused on picking good investments is akin to the view of a GP as...
