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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...
Active management’s ‘strength’ is its biggest weakness
It’s one of the ironies of active asset management that its perceived strength is also its biggest weakness. To quote Crispin Odey, the billionaire hedge fund manager who somehow managed to lose half his clients’ money in 2016, passive investing is “mindless”....
Financial journalism is too important to leave to amateurs
I spent 25 years in mainstream journalism and enjoyed almost every minute for it. The buzz, for me, was having to get your head around complex subject matter in a very short space of time. There’s nothing like the adrenalin rush of holding...
If only we’d listened to Charley 40 years ago
There’s a must-read article by Charley Ellis in the Financial Times today. Charley, a good friend of this blog, famously wrote in the mid-1970s about active management being a loser’s game. In the latest article, Charley explains why that assessment has become...
Podcast Episode 8 — Bill McNabb loves EBI
The guest on this week’s TEBI Podcast is none other than Bill McNabb, CEO and President of Vanguard, the world’s biggest and fastest growing asset management company. This is what we asked him: Brexit and Trump: What can investors learn from the...
CPD — Continually Plugging Dud funds
Thank you to TEBI reader Nick Lincoln for sending me this picture on Twitter. It’s a schedule for an event for financial advisers. This is the sort of event that REALLY ADDS VALUE FOR CLIENTS…. @RobinJPowell pic.twitter.com/hrua2OiT4E — Nick Lincoln (@HatTipNick) January...
Too many cooks in the kitchen
Too many cooks. A question I’m asked all the time as a business owner is, “How many people do you employ now?” It’s almost of as if the size of your payroll has become the standard yardstick for how successful or otherwise your...
