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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...

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Lessons to learn from 400 years of speculative bubbles

    By ROBIN POWELL   A little-known fact about my friend and colleague Mark Hebner, the founder of Index Fund Advisors, is that he’s an avid collector of antique books about finance and investing. Visitors to our headquarters in Irvine are often...

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The investment trend is not your friend

    By ROBIN POWELL   Most of us have been tempted by the latest investment fad, and many of us have succumbed. I certainly have. Before discovering evidence-based investing, I often read the money sections of Sunday newspapers in search of new...

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There are no fundamental laws that govern market movements

    By ROBIN POWELL   He’s now regarded as one of the most influential mathematicians of all time, but it was his interest in astronomy that inspired Pierre-Simon Laplace to produce his most famous work. Laplace was fascinated by the movements of...

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Watch out for silent partners when using active funds

    By ROBIN POWELL   If you’re like most people, you probably don’t look in detail at your cell phone bill. But, if you did, you might be surprised at all of the different items it includes. The biggest cost is the...

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The case for fixed-income index funds

    By ROBIN POWELL   One way to turn a myth into accepted wisdom is to keep repeating it. As the late Nobel laureate Daniel Kahneman put it in his book, Thinking Fast and Slow: “Familiarity is not easily distinguished from truth....

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Style drift means you don’t know what you’re buying

  By ROBIN POWELL   here are many compelling reasons to use index funds rather than actively managed funds. For a start it’s cheaper and, in the long run, that usually results in superior net returns. It’s also simpler and easier, and involves...

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