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Panic and sell, now what?

  By LARRY SWEDROE   The academic literature on investing is filled with hundreds of anomalies. My own view is that the greatest anomaly of them all is that while investors idolise Warren Buffett, the “Oracle of Omaha”, so many not only tend to ignore his advice but often do the exact opposite. Consider...

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Boohoo teaches ESG investors a lesson

  It’s been a month to forget for the UK online fashion company Boohoo. The company has seen a huge increase in sales during the lockdown. But a report in the Sunday Times it’s been hit by claims that workers at a Leicester...

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The performance of active management during the COVID crisis

  By LARRY SWEDROE   Despite its well-documented, long-lasting, and persistent underperformance, the active management industry still controls about half of all assets under management. A possible explanation for its continued popularity is that investors are willing to tolerate underperformance because they believe...

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The legacy share class scandal

  By ROBIN POWELL   I had a nasty surprise the other day. I finally got round to reviewing our home entertainment package. It turns out we were stuck in a “legacy contract” which we first took out nine years ago. As a...

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Is Vanguard the Tom Hanks of asset management?

  By ROBIN POWELL   I’m told Apple is the most loved brand for people in my age category, closely followed by Amazon and Netflix. But for a brand that’s practically perfect in every way, how can you look past Vanguard? It ticks...

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Market timers are fooling themselves

  Robin writes: If global stock markets have taught us anything this year, surely it’s that successfully timing the market is impossible. And I don’t use that word lightly. Of course, there will always be people who get it right once. But consistently...

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Leave alpha to the daredevils

  Robin writes: The American columnist Marilyn vos Savant once wrote: “Skill is successfully walking a tightrope over Niagara Falls. Intelligence is not trying.” It’s a truth that every investor should take to heart. Of course, if you’re a professional tightrope walker —...

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