July 17, 2018
Is Vanguard More Rolls Royce, or Hyundai?
By Victor Haghani and James White “What we obtain too cheap, we esteem too lightly.” – Thomas Paine, 1776 A physician thinking about investing with Elm asked us: “If I […]
December 2, 2016
Do Index Buyers Make Over-Valued Stocks More Over-Valued?
It’s time to dispel one frequently-voiced myth about indexing: if investors put their money into index funds or ETFs, they’ve unintentionally increased the market’s aggregate mis-valuation.
October 18, 2016
Fees or Performance?
In a recent interview, I was asked: “Should investors focus on fees or performance?” Later, I realized that implies we need to make a choice between fees and performance, but we don’t – we can enjoy low fees AND good performance.
October 11, 2016
Active Index Investing: A contradiction in terms? Victor Haghani on Bloomberg TV
Victor recently appeared on BloombergTV to discuss our blog post, “What’s all the hoopla? Passive indexers are still a rare breed.”
September 30, 2016
What’s all the hoopla? Passive indexers are still a rare breed
Everyone’s talking about how passive indexing is taking over. That may be a good or bad thing, depending on perspective, but a better question might be: is that what’s actually happening?
September 5, 2016
What I learned from my daughter (about investing)
My daughter Jessica, a cognitive science major at university, caught me with a fun brain-teaser courtesy of Professor Phil Tetlock, author of “Expert Political Judgment: How Good Is It?”
July 27, 2016
What’s up with REITs?
There are several plausible explanations for REITs’ recent strength – one intriguing explanation that you may have heard about involves an upcoming change in how REITs are classified in indexes.
April 20, 2016
If You Want to Own Property, REITs Provide a Huge Head Start vs Direct Investment
If you’ve decided you want to invest in real estate, you may want to compare the merits of REITs versus investing in buildings directly…
September 22, 2015
How well do global market-cap weighted indexes represent the true “market portfolio”?
The global equity market is a lot like a map: it’s a compromise. It’s system that’s worked for decades, but could we do better?
