The Evidence-Based Investor

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

The elephant in the room

Posted by Robin Powell on July 18, 2017

This is fascinating. It’s an opinion piece, by an anonymous fund manager about the FCA’s final report on competition in UK asset management, posted on Monevator, The central tenet is that, in encouraging the use of intermediaries, the regulator makes transparency more difficult to achieve. I don’t agree entirely with what the author says — for […]

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Bring in the bloggers

Posted by Robin Powell on July 14, 2017

This is, by far, is my favourite story of the week, and it comes from Tomo Uetake who works in Japan as a journalist at Reuters. In a nutshell, Japan’s financial regulator is so concerned to stop Tokyo fund managers ripping off the investing public that it’s recruited a team of bloggers to educate them […]

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One of the greatest inventions

Posted by Robin Powell on July 13, 2017

Have you ever noticed how many hugely intelligent people advocate index funds? They include several Nobel Laureates and, of course, Warren Buffett. One other brainbox you may not have known to be in the indexing camp is Tim Harford, aka The Undercover Economist. I was very excited to learn about Harford’s new book, Fifty Things […]

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There will always be winners

Posted by Robin Powell on July 12, 2017

“Journalism attracts people with exceptional linguistic talent,” William Bernstein wrote in The Four Pillars of Investing, “but I have found that very few have the mathematical sophistication to appreciate the difference between skill and luck.” I must say, the experience of this particular journalist — a history graduate, by the way, with a modicum of linguistic […]

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