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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...
Whose money is it anyway?
One of the most frustrating things I’ve encountered as an advocate for evidence-based investing is the lack of regard that many of those involved in the investment industry appear to have for academics. Money. There’s a vast (and growing) body of peer-reviewed...
#SFTW: Why avoid active funds? It’s simple arithmetic
SOMETHING FOR THE WEEKEND AVOID ACTIVE Of all the charges levelled against those of us who advocate an evidence-based approach to investing, perhaps the most inapt is that we’re dogmatic. Zealots, fanatics, militants — those are some of the more polite terms I’ve...
The basic arithmetic the fund industry won’t acknowledge
Of all the charges levelled against those of us who advocate an evidence-based approach to investing, perhaps the most inapt is that we’re dogmatic. Zealots, fanatics, militants — those are some of the more polite terms I’ve seen used to describe us....
The man with the big picture — Barry Ritholtz (Part 1)
Even for someone who’s usually at his desk at 4.30 in the morning, Barry Ritholtz manages to squeeze rather a lot into his working life. He runs Ritholtz Wealth Management, a firm with $175 million in assets; he’s an accomplished author; and...
The scores from Europe are in — and it’s nul points for active managers
It’s funny.. Every time the results are pretty much the same, but for nerdy investment journalists like me, there’s still a frisson of excitement when S&P Dow Jones releases its SPIVA scorecard. SPIVA stands for S&P Indices Versus Active Funds, and the...
Why the investing industry loves complexity
I was contacted the other day by a company asking if The Evidence-Based Investor would like to feature some research it had done into a new system of investing which it plans to bring to market. I was happy to take a...
