Details Are Part of Our Difference
Embracing the Evidence at Anheuser-Busch – Mid 1980s
529 Best Practices
David Booth on How to Choose an Advisor
The One Minute Audio Clip You Need to Hear
Who Outperforms?
Still stuck trying to outguess the market? Deciding what to buy, when to get in, and when to get out can get expensive quickly. It’s also a losing game for the regular investor. But, what about the pros? Are they consistently outperforming?
Every year, Dimensional compares the long-term performance of US-based mutual funds. This 2-min video breaks down the results. It turns out fewer professional fund managers outperform their benchmark than would be expected through luck alone. The takeaway: Being a better market guru than the gal next to you is not a way to reliably, repeatably win.
No Surprise – David Booth Takes the Long View Too
Dimensional Founder and Executive Chairman, David Booth, sat down with Money magazine to give his take on the trending Wall Street topics. It will come as no surprise to our followers that his answers point toward taking the long view.
Should investors give up on value stocks for good? Is the stock market about to burst? Is the crypto frenzy dangerous? Here’s Booth on all that and more.
A Quote We Love – Smart and Patient Wins Again
Podcast guest and personal finance author Morgan Housel recently wrote a piece warning of the dangers of trying to take the “fast” approach to investing. Housel’s “Too Much, Too Soon, Too Fast” tells the story of what happened to the third, lesser-known, investing partner of Warren Buffett and Charlie Munger.
Here’s an excerpt:
Everyone knows the investing duo of Warren Buffett and Charlie Munger. But 40 years ago, there was a third member, Rick Guerin. The three made investments together. Then Rick kind of disappeared while Warren and Charlie became the most famous investors of all time.
A few years ago, hedge fund manager Mohnish Pabrai asked Buffett what happened. Rick, Buffett explained, was highly leveraged and got hit with margin calls in the 1970s bear market.
Buffett told Pabrai:
