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.
British investors can now apply for shares in Anthropic's flotation. But anyone with a global index fund already has a stake through Amazon and Google, and is likely to hold Anthropic's shares directly within weeks of listing. The evidence on new issues, from SpaceX to Deliveroo, suggests the real question is whether you want a bigger bet on one company than the market already gives you.
TEBI
2 hours ago6 min read
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