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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...
What happened to the year of the stockpicker?
At the turn of every year the financial media is inundated with press releases from the fund industry PR machine. The message, dutifully delivered by newspapers, magazines and online publications, is more or less the same each time — namely, this is...
Video interview with Nucleus Financial CEO David Ferguson
These are really exciting times for those, like me, who want to see positive change in the investment industry. Around the world there are hundreds of companies working to disrupt the old order and to improve outcomes for consumers. David Ferguson. One...
Woodford is bowing to the inevitable on research fees
Neil Woodford can afford the smartest spin doctors, and it shows. Hardly a day goes by without a Woodford story (almost invariably positive) in the media. The latest success for his PR machine came this weekend, with the announcement that the Woodford Equity...
Active investors talk each other into losing money — study
It’s a question I’ve spent the last few years trying to answer. Why, in the face of overwhelming evidence that they would be better off with a low-cost, passively managed, buy-and-hold portfolio, do the majority of investors choose to invest actively?
Investors should be looking for quality stocks, right?
“It’s far better to buy a wonderful company at a fair price,” Warren Buffett once said, “than a fair company at a wonderful price.”
Cap weighting is not the one true way
Apologies to those fellow evidence-based investors who consider this heretical, but I’ve never considered market-cap weighting the best way to build an index.
