The Evidence-Based Investor

No sales agenda. No marketing spin. Just the evidence.

Revealed at last — the true cost of investing in UK funds

Posted by Robin Powell on January 22, 2018

It’s been a long time coming. But, after years of campaigning by my colleagues at the Transparency Task Force, by Gina and Alan Miller’s True and Fair Campaign and, of course, by The Evidence-Based Investor, UK consumers are finally being told the true cost of investing. MiFID II, the European Union directive which came into […]

Continue reading

Short-term bias is putting Britons at serious financial risk — report

Posted by Robin Powell on January 19, 2018

“Waiting helps you as an investor,” Charlie Munger once said, “and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that.” Unfortunately, it seems, very few of us were born with that particular gene, and perhaps there’s something about the […]

Continue reading

Francis Galton and the iron rule of markets

Posted by Robin Powell on January 16, 2018

“Reversion to the mean,” Jack Bogle once said, “is the iron rule of financial markets.” And if you understand nothing else about how investing works, grasping this one simple concept will give you a better chance of succeeding at it than supposedly more sophisticated investors. In the investing sense, mean reversion is the theory that, […]

Continue reading

#SFTW: Why do UK advisers still love active funds?

Posted by Robin Powell on January 12, 2018

It seems like yesterday that we were welcoming in 2018, and here we are, fast approaching the end of the second week of the year already! There’s plenty going on. If you haven’t been on the TEBI lately, here’s what you’ve been missing.   Meh. Active management remains the default investment strategy for UK advisers […]

Continue reading