Nobody can establish who first used the phrase 'evidence-based investing', and no regulator defines it. Robin Powell, who was given the name by Larry Swedroe in 2015 and is sometimes wrongly credited with coining it, sets out what it actually means: four tests of what counts as evidence, borrowed from a medical parallel that hit the same crisis twelve years ago. Including where he goes further than a global tracker, and why he holds that position less firmly than he used to.
Most fund manager AI systems operate on autopilot, closely tracking the index while charging premium fees for active management. If your portfolio is essentially running itself, why are you paying someone to sit in the cockpit?
Robin Powell
Apr 209 min read
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