SOMETHING FOR THE WEEKEND
As those who’ve listened to my latest podcast will know, I’ve been in contemplative mood this week. No, not about a certain election result, but the definition of evidence-based investing.
The question has come into sharper focus with the inaugural Evidence-Based Investing Conference in New York City just a few days away.
One of many like-minded people I’m looking forward to meeting there is Phil Huber, Chief Investment Officer for Huber Financial Advisors, based in Chicago.
Phil has just written this excellent description of the fundamental differences between conventional investors and evidence-based investors. It really is spot on.
Read Phil Huber’s article here
Do you have an edge?
One of the best books a new investor can read is Investing Demystified by Lars Kroijer. Lars, a Harvard-educated Dane, based in London, was for many years a successful hedge fund manager. But during that time he saw at first hand how very hard it is, even for well-resourced, to beat the market after costs, and he became convinced that the best option by far for a typical investor is to invest, for the long term, in a simple, low-cost index fund portfolio.
In the book, he explains the reasoning behind this approach, and how to implement it, and I’m very grateful to Lars and to FT Publishing for allowing me to serialise it on TEBI.
Read the first extract from the book here
Podcast Episode 2: What’s with the name?
It’s time for our second audio podcast, and this week we taking a closer look at the phrase evidence-based investing. What exactly does it mean? Who started using the term, and when?
It features Wendy Cook, an investment writer in Oregon who, like me, works with advisory firms on their content marketing and investor education.
Though we’ve known each other for years, we haven’t actually met. But we’re putting that right next week, as we’re both heading to New York City for the first annual Evidence-Based Investing Conference, hosted by Ritholtz Wealth Management.
As well as looking ahead to the conference in Episode 2, we also discuss the growth of evidence-based investing around the world.
Also worth reading..
A compendium of quotes about forecasts (Value Walk)
Here’s a fascinating insight into fund industry marketing (Kip McDaniel)
8 lessons investors can learn from Donald Trump’s victory (Barry Ritholtz)
You should be very wary of “awards” that advisers “win” (James Osborne)
Where does Donald Trump stand on financial adviser issues? (Mark Schoeff)
Bold macro calls are exciting, but most people should ignore them (Ben Carlson)
We often hear that stock markets hate uncertainty. But is it true? (Caroline Baum)
It’s at times like this that having a good financial advisor comes into its own (Josh Brown)
Stocks have recovered from wars, revolutions & depressions for centuries (Sue Chang)
Past performance data can be very misleading when picking investments (Visual Capitalist)
The best way to make the gods of financial history laugh (Jason Zweig)
There really is no logical reason for anyone to have a preference for dividends (Larry Swedroe)
And finally..
I’m in the US all next week, so I’m not be going to be posting much content for the next 10 days or so. There won’t be a podcast or a Weekly Update.
Whatever you’re doing, have a good weekend.
Robin is a journalist and campaigner for positive change in global investing. He runs Regis Media, a niche provider of content marketing for financial advice firms with an evidence-based investment philosophy. He also works as a consultant to other disruptive firms in the investing sector.
