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.
The government is exploring a reward for people who open their first stocks and shares ISA, and the industry will help design it. Done well, it could get many more people investing for the long term. Done badly, it becomes a marketing budget for fund sales with a government badge on it. Three design choices will decide which.
Robin Powell
16 hours ago3 min read
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