Why Investors Defy the Evidence and Continue to Play the Loser

Larry Swedroe offers some explanations of his own, then unpacks a study that suggests a form of the conjunction fallacy has a role in active management’s survival. Read more
We’ve changed our name. The BAM ALLIANCE has become Buckingham Strategic Partners. Find out more
Larry Swedroe offers some explanations of his own, then unpacks a study that suggests a form of the conjunction fallacy has a role in active management’s survival. Read more
Larry Swedroe examines the research, and offers some additional analysis demonstrating how elusive a prize true alpha really is. Read more
Jared Kizer crunches the data to get a more realistic sense of the odds that four common factors will underperform over various periods. Read more
Larry Swedroe on a study that “saves” the size effect by showing it is strengthened when combined with other, newer factors. Read more
Larry Swedroe reviews factor research and compares fund results to better understand the sources of Berkshire Hathaway’s outperformance (or recent underperformance, as the case may be). Read more
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