A Nerve-Rattling Snake Tale

Tag: evidence-based investing

July 19, 2017  |  

Research Confirms Actively Managed Funds Struggle to Outperform

High costs and portfolio turnover remain key drags on performance over time. Key Takeaways Most actively managed funds do not outperform their benchmarks over time. These mediocre results are heavily influenced by high costs and high turnover. A strong track record one year has little bearing on whether good results persist into the future. When […]

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July 10, 2017  |  

Don’t Let a Wolpertinger into Your Portfolio!

Key Takeaways Like the elusive Wolpertinger of Bavarian folklore, active managers who are successful over the long term tend to be mythical creatures. Academics have been evaluating sightings of successful active managers for decades. There is little evidence that such managers exist in large numbers. Just as few people survive encounters with Wolpertingers, many investors […]

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June 7, 2017  |  

There Is a Secret That Wall Street Doesn’t Want You to Know…

Wall Street’s Secret? “Where there is mystery there is margin”. The more the financiers of Wall Street can make investing sound complex and mysterious, the more they can promote their mysterious high-margin solutions. The greater their margins, the greater their profits. Now don’t get me wrong. I have no problem with anyone earning profits. Profits […]

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June 5, 2017  |  

The 6 Most Loathed Words in Fishing and Investing…

“You should have been here yesterday!” It happens on every fishing trip.  At dinner, a well-intentioned fishing buddy or acquaintance tells you about the unbelievable fishing he experienced earlier that same day just over the mountain.  “You should have been there!” he boasts. Images of rising fish in numbers and sizes of mythical proportions race […]

March 15, 2017  |  

The Power of Diversification

In my last post we discussed the three key concepts that determine the price of an individual security.  Here we’ll explore the importance of diversifying your investments. More than five decades of academic research has confirmed two key benefits of diversifying and they’re among the most powerful concepts in financial economics: (a) Having a diversified portfolio […]

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