Details Are Part of Our Difference
Embracing the Evidence at Anheuser-Busch – Mid 1980s
529 Best Practices
David Booth on How to Choose an Advisor
The One Minute Audio Clip You Need to Hear
Question of the Month
Q: Which asset class will have the best performance next year?
A: Click the slide to see randomness of asset class returns. If it’s challenging to predict which group of stocks will do well, imagine how hard it is to pick the individual winners.
The better strategy—as our clients know—is building a low-cost, globally diversified portfolio. Instead of speculating and guessing, rely on decades of academic studies that prove the owners of global capitalism are the winners when it comes to investing.
Articles and Videos Worth Checking Out
- A short video on the market’s response to Greece. Click here.
- Did you like the Brad Pitt movie, Moneyball? Here’s the origin story of AVM Systems, the little-known company that jump-started sabermetrics and made Moneyball possible. Click here.
- A great piece from The New York Times on the complicated world of investing. Click here.
- A summary from DFA on the state of the mutual fund landscape. Click here.
- DFA’s video detailing their fund construction and trading practices. Click here.
Seeking Transparency
One of our founding ideologies is transparency, and we even use this image of binoculars as a reminder of its importance. Transparency is a unique concept in our industry because the bulk of investors have none. The big brokerage houses provide their clients little or no information on fees, returns, or portfolio allocations, and they’re happy doing so to keep a shroud of mystery over how much their clients are overpaying to underperform. This month’s newsletter focuses on various issues around transparency and our take on the topic.