Magnitude Matters

Great investing is generally about taking on the right risks and being compensated properly for risks taken. It is primarily NOT about out t...

We know active investing almost always doesn't work in practice .  The vast majority of professional money managers underperform their r...

I've clumsily touched on this before . I believe active investment management (e.g., being a stock picker who is aiming to outperform ...

As a strong proponent of the semi-strong version of the Efficient Market Hypothesis (EMH), I have a bone to pick with the idea of alpha gene...