Don’t let the stock market distract you
By PATRICK CAIRNS Anyone who has been paying attention to stock markets over the past few months would…
Market efficiency and the case of Pete Rose
By LARRY SWEDROE The potential for self-cancellation shows why the game of investing is so different from,…
What’s the long-run rate of return on equities?
By HAYDN MARTIN The fact that equity markets return some set percentage, and will continue to do so…
The other Bond movie
The bond markets have seen rapidly steepening yield curves in recent weeks. Why has it been happening? And where…
Can machines identify winning fund managers in advance?
By its own admission, Morningstar’s system of star ratings is of limited use in predicting future fund performance. Can…
Link’s role in Woodford fiasco laid bare in new book
A new book on the collapse of Woodford Investment Management has detailed the pivotal role played by Link Fund…
DIY trading boom storing up problems for the future
There’s been a huge increase in DIY trading during the coronavirus pandemic — particularly among young people. Sparrows Capital’s…
It’s time for some humility from Hargreaves Lansdown
By ROBIN POWELL As a journalist, you have to smile when people in authority blame the media when…
The Covid crash one year on: how was it for you?
It’s 12 months since the sharp falls in global stock markets resulting from the spread of Covid-19. The falls…
Get a better deal on your home loan
With interest rates at record lows for a year now, it’s definitely time to consider whether you’ve got the…
Can active managers time factor exposures?
By LARRY SWEDROE One of the advantages active managers tout is that they have the opportunity to adjust…
Three reasons for active managers to feel positive
By CRAIG LAZZARA For at least five years, we’ve noticed that, despite historical performance, active managers regularly proclaim that this year…
The odds of outperforming through active management
By LARY SWEDROE The greatest advantage from gambling comes from not playing it at all. — Girolamo…
Which is best for corporate bonds — active or passive?
Robin writes: Here at TEBI, we’re not huge fans of corporate bonds. We like to keep things simple. Equities…
Do financial marketplaces provide enough protection?
There’s been a huge growth in recent years in online marketplaces. An online marketplace is a type of e-commerce…
Who should carry the can for the Woodford blow-up?
By ROBIN POWELL To quote the author of a new book on the Neil Woodford scandal, “the cast…
The implications for investors of shrinking markets
Smaller companies are staying private for longer, with a sizeable decline in IPOs over the last two decades….
Spotting the next bubble
We keep seeing the B word. Global markets have risen to record highs since the sharp falls we…
Woodford underlines the need for proper financial advice
This article by ROBIN POWELL was originally published by the Suitable Advice Institute. It’s easy to let our…
How to clean up your personal finances
By LESLEY GREGORY The year ahead will be another difficult one for many people. You may be a…
FANMAG fans beware: nothing lasts for ever in investing
They used to be called the FAANG stocks, and are now better known by the acronym FANMAG. But the…
A Millennial’s guide to a secure financial future
“Don’t get mad, get informed” — Iona Bain’s motto from The Young Money blog is timely to say the…
Does investor sentiment predict market movements?
By LARRY SWEDROE Investor sentiment refers to the general mood investors exhibit toward a particular market or asset….
Attackers attack, defenders defend
Robin writes: The great Harry Markowitz once told me that when he learned that James Tobin had won the…
Should Bitcoin be in your portfolio?
By PATRICK CAIRNS Last month the price of Bitcoin rose above $40 000 for the first time. Five…
Can ANY adviser add consistent alpha?
As we’ve explained many times, very few managers succeed in beating the market in the long term, net of…
The price of friendship
This tale is part of LARRY SWEDROE’s Investor Tales series. Unless otherwise specified, the tales are hypothetical scenarios, designed to educate…
What does GameStop mean for market efficiency?
Recent headlines have reflected the extraordinary behavior of GameStop Corp.; the company’s stock rose from $18.84 at year-end 2020 to $325…
A value premium update for the not very interested
Mention the value premium to investors and chances are their eyes will glaze over. Most have never heard…
The impact of Morningstar ratings on fund flows and returns
By LARRY SWEDROE Since capital flows impact security prices, an interesting question is whether non-fundamental correlated demand —…