The Evidence-Based Investor

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

Fee reductions mean nothing when you can index for 1/12th of the cost

Posted by Robin Powell on January 23, 2018

A new, long-form interview with Jack Bogle has just gone online, and, like all Bogle interviews, it’s worth reading. The interview was conducted by Lawrence Siegel, who is is the Gary P. Brinson director of research at the CFA Institute Research Foundation, a senior adviser to OCP Capital LLC, and an independent consultant, writer, and […]

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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 […]

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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 […]

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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, […]

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