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
Tag: Active Management
Slide of the Month: Managing in Style
This may not be the fanciest slide you’ve ever seen, but in presenting the “why” behind our evidence-based investment style, we think it’s a timeless classic. Enjoy.
Wall Street Journal “Discovers” DFA and Passive Investing
While we don’t think of ourselves as the passive types, it’s interesting to see The Wall Street Journal shine its bright spotlight on passive investing and related evidence-based investing in its new series, “The Passivists.”
You can browse the entire series, or here are a couple of our favorite installments:
The Dying Business of Picking Stocks, Anne Tergesen and Jason Zweig
News flash! “Investors are giving up on stock picking.” Our take on the matter: It’s about time.
Making Billions With One Belief: The Markets Can’t Be Beat, Jason Zweig
Featuring Dimensional Fund Advisors, with founder, chairman and co-CEO David Booth reflecting that “A little bit of judgment can make a difference.”
As the media turns its attention to the types of investment strategies we’ve been employing at Hill Investment Group since our founding, we wonder whether this will be a passing fad, a lasting improvement for investors or (as is so often the case in life), a little of both. Whatever. We’ll enjoy the wider coverage while it lasts, and still be encouraging you to Take the Long View with your investments, long after the spotlight has moved on.
The Sirens of Active Management
We can’t help but point out this recent (and expensive) full page advertisement from Fidelity about their belief in active management. Though you won’t hear us say that active managers can’t possibly win in the short-term, we certainly know that it’s hard to identify the winners in advance.
The 15-year data on the odds of active management (as shown in this graph) indicates that we’re far better off adopting a low-cost, evidence-based approach and sticking to it over long periods of time. Doesn’t that sound prudent?