Risk Goes Beyond Volatility: Embrace Uncertainty
Why risk is more than just a number Risk isn’t just volatility. It’s uncertainty and the unknown. #RiskManagement #Investing https://t.co/rnhTw3GUY7
Equities Remain the Only Consistent Long‑Term Winners
Why equities outperform in the long run Over time, no major asset class has consistently beaten equities. #Investing #LongTermInvesting https://t.co/ci1DFjR8Pg
Stay Calm: Emotion Is the Real Investment Risk
Staying calm when others panic. Calm investors make better decisions. Emotion is often the real risk. #InvestorBehaviour #LongTermThinking https://t.co/0wls8rC4o1
John Bogle Debunked Index Fund Idea, Then Created It
In 1960, two academics proposed the index fund. The person who argued against them? A young John Bogle, writing under a fake name. He went on to launch the first one. We made a short film about the paper that started it...
Average Returns Mislead; Index Funds Beat Most Stocks
𝐓𝐡𝐞 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐩𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧 𝐡𝐚𝐬 𝐚 𝐦𝐞𝐚𝐬𝐮𝐫𝐞𝐦𝐞𝐧𝐭 𝐩𝐫𝐨𝐛𝐥𝐞𝐦. New research from Hendrik Bessembinder argues that the standard tools, arithmetic means, Sharpe ratios, alphas, paint a misleadingly rosy picture of stock picking. Think of it like lottery tickets. The odds of winning "any prize"...
Art Collectors Lose ~2.5% Annually to Hidden Costs
A painting bought for £100,000 sells ten years later for £150,000. That's a 50% gain. The collector still lost money. Buyer's premium, VAT, storage, insurance, seller's commission: the real bill was bigger than the profit. New research from @CambridgeJBS puts a...
Gold Fails as Inflation Hedge When Most Needed
Gold is widely regarded as the ultimate inflation hedge. But how reliable is it? As 126 years of data and a live geopolitical crisis both show, the gold inflation hedge fails precisely when investors need it most. My latest for #TEBI...
More Free Time = More Trades, Lower Returns
The best thing that ever happened to your portfolio was you being too busy to look at it. New research tracked 59,000 Swedish investors before and after retirement. More free time meant more trading, more stocks and worse returns. Not because...
Policy Uncertainty and Market Risk Diverge Half the Time
Investors feel anxious. Iran. Oil prices. Volatile markets. The news feels relentless. But here's what 30 years of data shows: policy uncertainty and market risk are measured by different instruments, and they diverge almost half the time. ...
Wealthy Investors Overpay for Underperforming Managers
96% of wealthy investors are confident their portfolio did well last year. 84% of their wealth managers actually underperformed. On a £5m portfolio, an underperformance gap of 3% costs £7.67m over 20 years. You're taking the risk. Someone else is...
3% of UK Stocks Create All Wealth, 97% Destroy Value
New UK research tracked every stock listed between 1975 and 2024. The finding: just 3.1% of UK stocks generated ALL the real wealth created by the market over 50 years. The other 97%? Collectively destroyed value.And the concentration is accelerating. 🧵 https://t.co/bhIoecLzfT
S&P 500 Outperforms Small Caps, Defying Historical Norms
Small caps returned 11% over the past decade. Their historical average? 12%. The S&P 500 returned 15.3% — nearly 50% above normal. Which one's the anomaly? #Stocks #Equities #SmallCaps @rockwealthUK https://t.co/poKgLEYnvn
War Turns Bonds Into Biggest Losers, 14% Loss
From Waterloo to the Iran conflict, the pattern hasn't changed. When governments go to war, bondholders pay. New research from Northwestern, Stanford, Columbia and UT Austin: 300 years of data, 14% average real losses in the first four years of war....
Market Prices Known Risks, Misses Hidden Threats
Widely discussed risks are often priced in. The real threats tend to be overlooked. #RiskManagement #MarketInsight https://t.co/PWgmCJwWDp
Measure Success by Your Goals, Not Others' Returns
Your progress matters more than anyone else’s returns. Goals, not comparisons, define success. #FinancialPlanning #LongTermInvesting https://t.co/JQzKXSfrXO
Past Winners Rarely Repeat; Avoid Chasing Late Buys
What worked yesterday rarely leads tomorrow. Chasing returns often means buying too late. #InvestorBehaviour #LongTermThinking https://t.co/HenaCHj3hb
Asset Allocation Doesn't Explain 93.6% of Returns
"Asset allocation explains 93.6% of investment returns." You've heard that stat. It's wrong. What the paper actually found, and what the industry has been misquoting for 40 years, is the subject of our latest video for @IFAdotcom 👇 #Investing #WealthManagament #Finance https://t.co/HtF2EcPoVu
Investors Bear Unpaid Risk—Sharpe’s Theory Still Holds
Most investors take risks they're not getting paid for. William Sharpe proved it in 1964.. and won a Nobel Prize for it. Our latest video for @ifadotcom explains why his paper still matters. #Finance #Investing #Stocks https://t.co/xx3iYAL8Zr
Consensus Bullishness Precedes Market Crashes, Not Insight
277 out of 334 analysts covering the world's seven largest stocks say buy. Five of the seven have zero sell ratings. That's not analysis. It's a standing ovation. New research examined thousands of boom-bust episodes. Before every crash, every expert signal...
HALO Stocks Just Rebranded Value‑Growth Rotation, Not AI‑Proof
HALO stocks — Heavy Assets, Low Obsolescence — are being sold as a new AI-proof strategy. But Goldman's own data shows the trade tracks value vs. growth almost perfectly. A familiar rotation with a fresh acronym. I've taken a closer...
Age‑Based Stock Rule Costs More Than 60/40
Most investors follow a rule nobody ever properly tested: subtract your age from 100, put the rest in stocks. A new Yale study finally ran the numbers. Following that rule costs the equivalent of 2% of lifetime consumption. A static 60/40...
Smarter AIs Mirror Human Biases, Not Neutrality
Investors assume that LLMs ar erational. But new research suggests that, far from neutralising investor biases, they absorb them. Researchers tested ChatGPT, Claude, Gemini and Llama for loss aversion and framing effects. The most advanced models performed worse than older ones. The...
Consumers Misunderstand Finance; Industry Thrives on Confusion
Two leading economists spent years studying how ordinary people interact with the financial system. Their conclusion: most consumers don't understand what they're buying.. and the industry profits from that confusion. My latest for @IFAdotcom 👉 https://t.co/wJzz7eYwJx @PrincetonUPress #Investing #FinancialLiteracy #FinancialRegulation