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An In-Depth Look at the Sequoia Fund
by Larry Swedroe, 2/24/15
Looking at its 35-year track record, some now consider the Sequoia Fund (SEQUX) an anomaly; it is an actively managed fund that has persistently generated positive risk-adjusted returns, outperforming its peers and its benchmark. Should investors expect this outperformance to persist?

An In-Depth Look at the Tweedy Browne Value Fund
by Larry Swedroe, 2/10/15
Tweedy Browne has long been one of the most respected and iconic names in the mutual fund industry. But, over the long term, has the firm's flagship fund outperformed a passive benchmark?

Your Alpha is My Beta
by Adam Butler, Mike Philbrick and Rodrigo Gordillo of Butler, Philbrick, Gordillo & Associates, 2/5/15
A couple of weeks ago, I had the pleasure of a short correspondence with Lars Kestner, a well known quant and derivatives trader, and creator of the thoughtful K-ratio as a measure of risk adjusted performance. We connected on the definition of alpha, and how the term has been so abused in media and marketing as to become almost meaningless.

Looking Back at James Montier's "Perfect" Value Investors
by Larry Swedroe, 1/27/15
Is there such a thing as a "perfect" value investor? And if so, what does that investor's fund look like? James Montier thought he knew the answers when he penned his 2006 article "The Perfect Value Investor." Let's look back and see how that portfolio did.

An In-Depth Look at Two Dodge & Cox Funds
by Larry Swedroe, 1/6/15
For investors looking to choose a U.S. large-value fund, The Dodge & Cox Stock Fund (DODGX) is an excellent candidate. Given its outstanding record, let's take a look at the fund's performance.

Response to Larry Swedroe's Article, "How AQR's New Fund Adds Value"
by Michael Edesess, 12/2/14
In our November 18 issue, Larry Swedroe published an article titled "How AQR's New Fund Adds Value." His article was followed by a lively debate on APViewpoint. Michael Edesess took one side of that debate, in opposition to Swedroe, and his position is stated here.

How AQR's New Fund Adds Value - An Alternative Approach to Alternatives: Investing with Style
by Larry Swedroe, 11/18/14
The conventional justification for alternative investments has been their ability to effectively diversify against core equity and fixed-income allocations. But, in many cases, the empirical data doesn't support that view. A new fund provides a different way to obtain returns from sources that have low to negative correlation to stocks and bonds, as well as each other - an alternative to alternative investment vehicles.

Retirement Planning with Annual Available Spend
by John Craig, 7/15/14
Sound financial planning requires neither the determination of safe withdrawal rates nor the use of Monte Carlo simulations. Relying on the past to predict the future is unnecessary. Instead, one must focus on how much can be spent each year, given expected returns and inflation, and then consider how negative and worst-case scenarios would affect retirement planning. That is the basis for the annual available spend methodology I describe here.

Are Dividend Stocks Too Expensive?
by Geoff Considine, 6/24/14
Dividend strategies tend to have a strong value tilt and lower price-to-book (P/B) and price-to-earnings (P/E) ratios than the market as a whole. But those strategies can become overvalued. When this occurs - we are currently in such a period - building a high-dividend, low-risk portfolio requires extra care.

A Test for Small-Cap and Value Stock Investors
by Robert Huebscher, 6/10/14
Readers of this publication are well versed in the findings of the 1992 Fama-French paper, which documented the outperformance of small-capitalization and value stocks. But few are aware of these two sentences, which appeared in the conclusion of that paper

Structured Portfolios: Solving the Problems with Indexing
by Larry Swedroe, 5/27/14
An overwhelming body of evidence demonstrates that the majority of investors would be better off by adopting indexed investment strategies. A total-stock-market index is fine for many investors. But indexed investors who desire certain types of exposure face a number of problems - which are solved with what I call "structured portfolios."

Our Most Read Article from Last Week: Do Small Cap-Value Stocks add Value in Retirement Portfolios?
by Joe Tomlinson, 4/15/14
Research going back to Fama and French in the early 1990s has shown that small-value stocks have produced superior returns. Subsequent debate has centered on whether this superior performance will continue and if investors should tilt portfolios to capture those returns. Ill examine the historical evidence, incorporate it in retirement examples and discuss the future prospects for small-cap value.

Do Small Cap-Value Stocks add Value in Retirement Portfolios?
by Joe Tomlinson, 4/8/14
Research going back to Fama and French in the early 1990s has shown that small-value stocks have produced superior returns. Subsequent debate has centered on whether this superior performance will continue and if investors should tilt portfolios to capture those returns. Ill examine the historical evidence, incorporate it in retirement examples and discuss the future prospects for small-cap value.

Why I Sold - Part 4
by Jim Whiddon, 3/25/14
The months I spent considering whether to sell my successful independent RIA were difficult personally and professionally. But once my decision was made, it felt good to focus on the positive aspects of a merger that would benefit my staff and my clients.

Cutting Caveats from Your Financial Communications
by Wendy Cook, 3/11/14
When sharing important but complicated financial concepts such as investment strategy, fiduciary duty and compensation structure, how do you decide what to leave in and what to omit? How much information is too much information when speaking with clients?

Understanding the Controversy over Dividend-Based Investing
by Geoff Considine, 2/18/14
Should investors favor dividend-paying stocks over non-payers? A long-held investment tenet contends that they should. But in a controversy that has pitted two highly respected investment firms - New York-based Tweedy Browne and Texas-based Dimensional Fund Advisors (DFA) - against one another, advisors are being asked to reexamine this issue.

Revisiting the Debate Over the DFA Research
by Scott MacKillop, 10/22/13
DFAs supporters have elevated that firms investment philosophy to the level of religious doctrine. The pitch and fervor expressed in the recent debate over its research suggest that Michael Edesess sinned mightily by questioning the faith. However, an examination of DFAs approach to investing suggests a more measured reaction: The firms approach is sound, but it falls short of the magic that its disciples impart to it.

The Debate on DFAs Research
by Various, 9/17/13
We received many responses to Michael Edesess article, Why DFAs New Research is Flawed, which appeared last week. We provide the responses from individuals who disagreed with Edesess findings, followed by Edesess response and then by responses in agreement with his findings.

Tips for Building a Compelling Web Site
by Wendy Cook, 4/9/13
Is your current website still living in the “online brochure” days or even non-existent? Don’t dwell on what’s been holding you up. Let’s move your site ? and you along with it ? into the 21st century.

How to Invest Like Buffett
by Robert Huebscher, 3/26/13
Listen to Jim Cramer or his cohorts on CNBC and you’ll hear statements like, “Don’t settle for the mediocre returns of a market index!” and “It’s not that hard for investors to pick stocks that will beat the market!” Unless you possess the skills of Warren Buffett, that’s not true. But in the book Think, Act and Invest Like Warren Buffett, Larry Swedroe says you indeed can invest like Buffett ? just not by stock-picking.

You and the Internet, Part II - Places to Go, People to See
by Wendy J. Cook, 7/19/11
In my last article, How to Waste Time and Influence People, we covered productive ways to wander on the Internet. You also can benefit from harnessing the Internet as it relates to your advisory practice.

The Best Books on Passive Investing
by Indudeep Chhachhi & Edward R. Wolfe, 3/23/10
Two finance professors, Edward Wolfe and Indu Chhachhi, survey the literature on passive investing and offer their recommendations for authors and books. Whichever side of the active-passive debate you take, these books should be required reading. The evolution through which the literature on passive investing has gone is striking. Early writers started out with a point to prove: that passive investing is the only way to invest that makes sense. Today, the writing in this area has moved beyond "proving a point" to expanding on what is a settled issue.
Results 451–472 of 472 found.