INDEXING IS HERE TO STAY (EP.2)
In Episode 2 of the Rational Reminder podcast we discussed the following:
- The underperformance of value stocks
- Are we in a Winner Take All market?
- Facebook’s crash
- Global value performance
- Canadian value premium at ~+5.5%
- Rebalancing into the pain
- Factor diversification
- Having a philosophy and sticking with it
- Index fund flows are slowing down in the US
- Canadian active funds are still dominating passive ETFs
- Markets are still efficient
- Deciding to be an index investor takes work
- Fewer highly skilled active managers make markets more efficient
- Canadians might need to buy real estate to retire
- Doctors were sold out by MD Management
- Should you listen to the yield curve?
- Michael Batnick’s chart crimes
- DFA’s weights vs. the S&P 500 weights
The stories we talked about:
- Don’t cry over underperforming US value stocks
- O’Shaughnessy Quarterly Investor Letter Q2 2018
- Index Funds Are Going to Be Just Fine
- The growth of index investing has not made markets less efficient
- People Aren’t Dumb. The World Is Hard.
- Many doctors feel “betrayed” by sale of MD Financial Management
- Earth to investment advisers: You’re blowing it with millennials
- Arguing With the Yield Curve
- Robot vs. human: When you should invest with robo advisors
The charts we talked about:
Image source: Michael Batnick
For more information or to contact Cameron and Ben, visit pwlcapital.com