Signal vs. Noise: Stock Market Concentration Concerns
A New Book, A Familiar Message: Stay Calm
The Freedom to Choose What Comes Next
Living Our Values: Reflections From Hill’s 2026 Summer Interns
The Player or the House?
Tag: DFA
2013 Mutual Fund Landscape from Dimensional
This analysis of the US mutual fund industry performance casts doubt on the ability of investors to form a winning long-term strategy by picking outperforming funds based on past returns. It also raises questions about the effectiveness of investment strategies that attempt to add value by identifying mispriced securities. Click here for the 2013 Mutual Fund Landscape Report from Dimensional.
Discipline and Detachment – DFA’s Weston Wellington
Judging by the headlines in the financial press, investors spent much of the past year anxiously awaiting one calamity after another that failed to occur. Check the tape here.
Government Intervention and Stock Returns
Should equity investors be alarmed by the prospect of greater government intervention in the US economy? Weston Wellington of Dimensional Fund Advisors looks at examples of US intervention in the past and examines the record of stock returns around the world over the last thirty-nine years. The evidence suggests that government intervention is just one factor among many affecting stock returns, and that an above-average degree of intervention is not necessarily associated with below-average returns.
