top of page
BLOG
News, views and analysis
The Evidence-Based Investor a proud partner with
FEATURED POST
How much passive investing is too much?
Warnings that index funds have broken the stock market all imply a threshold: a share of the market at which price discovery fails. Nobody making the argument names it. Owen Lamont, writing in the Financial Analysts Journal, argues that no such number exists short of complete passive ownership, and that what actually determines whether prices stay informative is who is left doing the trading. His case, the strongest peer-reviewed research against it, and what the performance
Robin Powell
Search
Indexing has saved Americans $357 billion since 1996
$357 billion is not an insignificant sum. And that's what investors in the United States have saved over the last 25 years by using index...
Robin Powell
Aug 2, 20212 min read
Specialised ETFs: high fees, poor performance
By LARRY SWEDROE The growth of exchange-traded funds (ETFs) has been significant since the first ones went public in 1993. By 2020,...
Robin Powell
Jul 30, 20214 min read
David Booth on 50 years of indexing
Several people have laid claim to inventing index funds, but John “Mac” McQuown has a stronger claim than most. It was in 1971 that the...
Robin Powell
Jul 29, 20214 min read
Why and how systematic strategies decay
By LARRY SWEDROE In his 2014 study, Claude Erb asked the question, Has the Stock Market Been Overgrazed? He began by noting that, over...
Robin Powell
Jul 27, 20214 min read
Where are you looking for information on investing?
Five things investors need to know 5. PEOPLE TELL YOU WHAT THEY WANT TO TELL YOU LOUISE COOPER is a financial journalist who works for...
Robin Powell
Jul 26, 20216 min read
Most (yes, most) stocks fail
By LARRY SWEDROE Individual stock ownership offers both the hope of great returns (finding the next Google, for instance) and the...
Robin Powell
Jul 23, 20216 min read
Top-quartile returns guaranteed
Investing pioneer and friend of TEBI Charles Ellis has been dropping truth bombs again — this time in an interview with Howard Gold at...
Robin Powell
Jul 23, 20212 min read
Do well and do good
There is often a vast gulf between what people think financial advice is all about and what it actually is. The popular view that advice...
Robin Powell
Jul 22, 20213 min read
Stressing about rising inflation achieves nothing
Robin writes: I distinctly remember learning about inflation at around the age of eight. Why, I asked my dad, did petrol stations seem to...
Robin Powell
Jul 21, 20216 min read
Star stock pickers exist, but do they add value?
By LARRY SWEDROE For decades, academics and practitioners alike have been searching for evidence of star stock pickers — skilful money...
Robin Powell
Jul 20, 20214 min read
Factors in focus: Size (3/3)
One of the most popular investment factors is size, or, more specifically, small size. Research has shown that, in the long run, stocks...
Robin Powell
Jul 18, 20213 min read
The role of short sellers in market efficiency
By LARRY SWEDROE There is a large body of academic research into the information contained in short-selling activity. These include the...
Robin Powell
Jul 16, 20215 min read
Why SJP's latest value assessment still doesn't cut it
As the recent damning review by the Financial Conduct Authority of its Assessment of Value regime shows, most UK fund managers just...
Robin Powell
Jul 15, 20215 min read
Genuinely bespoke portfolios are largely a myth
A reason financial advisers often give for not outsourcing their investment management to a low-cost, evidence-based model portfolio...
Robin Powell
Jul 14, 20211 min read
How does monetary policy affect asset prices?
By LARRY SWEDROE In their seminal 1961 paper, Dividend Policy, Growth, and the Valuation of Shares , Franco Modigliani and Merton Miller...
Robin Powell
Jul 13, 20215 min read
Factors in focus: Low volatility (2/3)
The low-volatility factor was first documented in the early 1970s by US academics Marshall Blume and Irwin Friend. Although highly...
Robin Powell
Jul 11, 20213 min read
A duty of care is the only way to clean up The City
The Financial Conduct Authority this week published a review into what UK fund managers are doing in response to the Assessment of Value...
Robin Powell
Jul 9, 20212 min read
The role of "active fee" in fund selection
The authors of a new study have suggested a new measure that could be made available to investors when selecting funds for their...
Robin Powell
Jul 9, 20215 min read
Should you invest in a dividend ETF?
Dividend ETFs are popular strategies, but they are far from equal.
Robin Powell
Jul 8, 20214 min read
What a financial planner does
What does a financial planner do? While there is probably no consensus on the exact job specification for a financial planner in general,...
Robin Powell
Jul 7, 20213 min read
SUBSCRIBE
Simply provide your email address to receive our regular update.
bottom of page