FEAR AND GREED METHOD VERSUS ASSET ALLOCATION
Can leading with your emotions be as good as traditional asset allocation?
THE DAMAGING DALBAR INVESTOR PERFORMANCE MYTH
The finance industry loved Dalbar’s results but they just aren’t at all credible.
THE UTTER ABSURDITY OF ASSET ALLOCATION STUDIES
What people think is true, is not.
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SOME INVESTMENTS ARE SO COMPLICATED YOU CAN’T EVEN KNOW THAT THEY ARE BAD
Who would create and push overly-complicated investments?
FORGET FIDUCIARY STANDARD — FINANCIAL ADVISORS NEED A CODE OF ETHICS
Like doctors, financial advisors should take an oath.
PUBLIC PENSION PLANS ARE A DISASTER WAITING TO HAPPEN
Investment managers profit while hurting retirees — and taxpayers.
MEGA RICH TEND TO IGNORE WARREN BUFFETT’S INVESTMENT ADVICE
“My regular recommendation has been a low-cost S&P 500 index fund.” – Warren Buffett
THIS COULD CHANGE EVERYTHING WE THOUGHT WE KNEW
Contrary to common belief and misguided conclusions of most academic finance journals, rebalancing offers no ‘free lunch.’
PORTFOLIO REBALANCING MIGHT BE OVERRATED
Claiming an overall financial advantage for rebalancing is misleading.
THE TRUE COST OF FEES
Lowering your fees could be the most important investment decision you make.
THE 3 SIMPLE RULES OF INVESTING
What if the most effective investment portfolio was also the most simple and the least expensive?
THE TAX HARVESTING MIRAGE
While tax loss harvesting is not wholly mythical, its benefits are vastly overstated.
Indeed, they may be negligible.
WHY SMART BETA IS REALLY DUMB
Nobel Prize awardee William F. Sharpe has said, “When I hear smart beta, it makes me sick.”
PROFESSIONAL ADVICE CAN BUST INVESTOR HOPES
Professional advice and management can cost investors more than most of the worst investment mistakes they can make.
WHEN BAD MATH COSTS YOU MONEY
Mathematical sophistication in the investment industry is a sham.
THE MOST DANGEROUS FINANCIAL PRODUCTS
“Breaching the contract, while in the process making hedge fund managers and consultants extraordinarily wealthy, constitutes a very black mark on America’s vaunted capitalist society.”
THE BARBELL PORTFOLIO AND SAFETY FIRST FINANCIAL PLANNING
The portfolio is divided into two parts: an extremely conservative portfolio for safety, and a highly speculative portfolio for extra rewards with extra risk.
SUCCESS AND LUCK AND OVERHAULING THE TAX SYSTEM
Frank argues that luck plays a larger role in success than most people are willing to acknowledge, especially most successful people.
THE PRICE INVESTORS PAY FOR BENCHMARKING
The practice of evaluating managers by monitoring their performance against an index benchmark should be jettisoned.
THE FINANCE INDUSTRY IS DESTROYING AMERICA’S ECONOMY
The best and certainly least risky way to better returns is to pay less in fees and charges to the finance sector
HOW RISKY ARE STOCKS IN THE LONG RUN
With stock investments there is no contractual assurance of receiving any of one’s investment back at all, let alone a positive return.
WHY FANCY MATH CAN’T HELP INVESTORS BEAT THE MARKET
None of the complicated mathematics in the finance books and journals tells you how to beat the market
THE ACADEMIC FAILURE TO UNDERSTAND REBALANCING
The benefits of rebalancing are far smaller than what advisors have come to believe.
WHY YOU SHOULDN’T TRUST MOST FINANCIAL RESEARCH
Harvey et al. claim that “most claimed research findings in financial economics are likely false.
MYTHS AND FALLACIES ABOUT DIVERSIFICATION
For many of these there is now a new Holy Grail: diversification. But there is little agreement as to what it means.
DOES WALL STREET RIP YOU OFF?
Polk burst on the scene with a New York Times op-ed piece highlighting that the love of money is an addiction that afflicts most people on Wall Street.
MORE REASONS THAT DALBAR IS DEAD WRONG
Perhaps they do sell on market panic and buy on exuberance, but that’s a long way from selling at bottoms and buying at tops.
THERE’S A SIMPLE EXPLANATION FOR DALBAR’S MISLEADING RESULTS
One would think that if individual investors underperform the market, then it must be professional investors who outperform the market. But they don’t.
THE DAMAGE DONE BY THE NOBEL PRIZE IN ECONOMICS
Even the creators of these theoretical relationships do not believe them to be true in the real world.