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Alpha is a zero-sum game, so if there are losers, there must be winners. But are those winners more likely to be institutional investors...

$357 billion is not an insignificant sum. And that's what investors in the United States have saved over the last 25 years by using index...

By LARRY SWEDROE The growth of exchange-traded funds (ETFs) has been significant since the first ones went public in 1993. By 2020,...

Several people have laid claim to inventing index funds, but John “Mac” McQuown has a stronger claim than most. It was in 1971 that the...

Several people have laid claim to inventing index funds, but John “Mac” McQuown has a stronger claim than most. It was in 1971 that the...

Most of the main risk factors — value and size, for example — are essentially bets on relatively unloved stocks. But momentum is the...

By LARRY SWEDROE In his 2014 study, Claude Erb asked the question, Has the Stock Market Been Overgrazed? He began by noting that, over...

By LARRY SWEDROE In his 2014 study, Claude Erb asked the question, Has the Stock Market Been Overgrazed? He began by noting that, over...

Five things investors need to know 5. PEOPLE TELL YOU WHAT THEY WANT TO TELL YOU LOUISE COOPER is a financial journalist who works for...

By LARRY SWEDROE Individual stock ownership offers both the hope of great returns (finding the next Google, for instance) and the...

Investing pioneer and friend of TEBI Charles Ellis has been dropping truth bombs again — this time in an interview with Howard Gold at...

There is often a vast gulf between what people think financial advice is all about and what it actually is. The popular view that advice...

Robin writes: I distinctly remember learning about inflation at around the age of eight. Why, I asked my dad, did petrol stations seem to...

Robin writes: I distinctly remember learning about inflation at around the age of eight. Why, I asked my dad, did petrol stations seem to...

By LARRY SWEDROE For decades, academics and practitioners alike have been searching for evidence of star stock pickers — skilful money...

By LARRY SWEDROE For decades, academics and practitioners alike have been searching for evidence of star stock pickers — skilful money...

Five things investors need to know 4. WOMEN SHOULD PLAY TO THEIR STRENGTHS LOUISE COOPER is a financial journalist. She has been a BBC...

One of the most popular investment factors is size, or, more specifically, small size. Research has shown that, in the long run, stocks...

One of the most popular investment factors is size, or, more specifically, small size. Research has shown that, in the long run, stocks...

By LARRY SWEDROE There is a large body of academic research into the information contained in short-selling activity. These include the...