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.
Leveraged ETFs promise double or triple the market's daily return. What they actually deliver, according to Morningstar's latest research, is high fees, high volatility and a strong tendency to lose money for the investors who hold them.
Robin Powell
Feb 21, 20254 min read
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