The Evidence-Based Investor

No sales agenda. No marketing spin. Just the evidence.

Peter Westaway: Why all investors should prepare for lower returns (2/2)

Posted by Robin Powell on August 4, 2018

We’ve had a big response to Part 1 of our interview with Vanguard Europe’s chief economist, Peter Westaway. In Part 2, Peter explains why he’s sceptical about the value of tactical asset allocation, why calling a top in the market is so difficult, and why, in his view, all investors can expect to receive lower […]

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One-sided compensation has to end, warns Oxford professor

Posted by Robin Powell on August 1, 2018

You know you’re getting on in years when even Oxford professors are considerably younger than you are. The particular professor I’m thinking of is the financial economist Ludovic Phalippou. I expect we’ll be hearing plenty more about him in the years to come. Prof Phalippou contacted me a few months ago to compliment me on […]

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Peter Westaway: A PhD in economics won’t make you a better investor (1/2)

Posted by Robin Powell on July 30, 2018

Dr PETER WESTAWAY is chief economist and head of investment strategy for Vanguard Asset Management in Europe. He was previously chief economist for Nomura International and a senior official at the Bank of England. He has a PhD in economics and an MPhil in control engineering and operational research from the University of Cambridge, and […]

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Attention advisers — Investing The Evidence is going global

Posted by Robin Powell on July 26, 2018

I had an email the other day from a financial adviser in North America. He wanted to congratulate me on our video documentary Investing: The Evidence. The film, described by Vanguard chairman Bill McNabb as “the best 45 on the subject of investing you’ll ever spend”, explains all an investor really needs to know about […]

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