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.
Leopold Aschenbrenner had better access to AI than almost any investor. His hedge fund grew to $24bn in less than two years. Yet it collapsed not because his AI thesis was wrong, but because leverage forced him to sell. The AI investing risk his story reveals is one most investors overlook.
Robin Powell
Jul 314 min read
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