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 people think share owners are greedier, more selfish and more inclined to gamble than everyone else. Research across 11 countries finds that belief predicts who invests and who doesn't, and that it bears no relation to financial knowledge. Offered an identical bet, people took it when it was called a lottery ticket and refused it when it was called a share.
TEBI
Aug 304 min read
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