Will artificial intelligence save active management?
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How do target-date funds affect the markets?
By LARRY SWEDROE The rise of target-date funds (TDFs, also called “lifecycle funds”) has been one of the most significant innovations...
Does a well-paid job make you happy?
Securing a well-paid dream job can feel like the ultimate goal in life, but is it really the key to happiness? Your parents or your...
People need advisers because they're human
Life would so much simpler if, in matters of business and finance, we all acted perfectly rationally all of the time. But, as behavioural...
Is there a whelk in your fund portfolio?
By LARRY SWEDROE You may never have heard of a whelk. However, this little ocean creature can ruin an oyster’s day. A whelk looks like a...
Will ETFs overtake mutual funds?
It's 28 years since the first exchange-traded fund was launched, and they've grown from strength to strength. It's a trend that shows no...
Could the Woodford blow-up have been prevented?
A new book on the Neil Woodford scandal is about to be published. Opinions are divided on exactly what went wrong, but the book, ,...
A mistake that costs investors $15 billion a year
New research suggests that active fund investors are typically confusing “fake” alpha (i.e. outperformance that’s simply down to factor...
Does regression analysis work for factor exposure?
Regression analysis dates back to the early nineteenth century, and yet it's still commonly used to explain investment performance. But...
We deceive ourselves about financial incentives
By JOACHIM KLEMENT In the world of business, I don’t think there is any job where in some instances the incentives for an employee or...
What happens AFTER fund managers crush it?
Investors and the media tend to pay close attention to a fund's recent performance. When a fund's short-term record is especially good,...
Woodford: Was the writing on the wall at Invesco?
A new book on the Neil Woodford scandal is about to be published. by journalist DAVID RICKETTS charts the rise and fall of a fund...
Do you really want to be a landlord?
Anonymous ◊ It was January 2007. For the past several years, Bob had been reading about how hot the national real estate market was. He...
Four reasons why another Woodford scandal will happen
By ROBIN POWELL This article was originally written for the Suitable Advice Institute . The Woodford scandal is one of the bleakest...
Everything in one place
Do you have all your essential documents in one place? If you don’t, it may be a good idea to start the new year as you mean to go on,...
Even smart people make mistakes
. —H.L. Mencken ◊ Having started his practice in December 1999, Steve had been a registered investment adviser for more than 20 years and...
Is your star striker really a "top investor"?
By ROBIN POWELL It wasn’t so long ago that my favourite football team used to carry the name of a children’s hospice on its shirts....
The biggest investment lesson from 2020
Nobody could have predicted how last year would turn out. And no wise investor would have tried.
The problem with stocks like Tesla
Elon Musk became the world's richest person this week, with a net worth crossed $185bn. The Tesla and SpaceX entrepreneur was pushed into...
The definition of investor insanity
— Benjamin Franklin ◊ According to Greek mythology, Sisyphus was the son of Aeolus (the king of Thessaly). Sisyphus was a clever and evil...
Ten market predictions to count on in 2021
Anyone familiar with The Evidence-Based Investor will know we’re highly sceptical about the value of financial market forecasts . And if...
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