Larry Swedroe
The Strategist
The long view, patient, analytical, playing several moves ahead.
Larry Swedroe is The Strategist because his work amounts to a sustained, evidence-driven deflation of investor overconfidence. He marshals hard statistics on stock concentration, the illusion of skill, and the consistent underperformance of active management, then channels all of it toward a single analytical conclusion for individual investors: low-cost indexing.
“Yeah, well, there is one fun family dimensional that does have a sustainability suite of products that offers a tilt, although it's a mild tilt to that. And they don't use a screening out process. They use an overweighting to keep the diversification benefits.”
“It's a really great question, and it is a very important one, and we're starting to get more research into this. But let me point out a few things. First, while the underperformance of value was tremendous from around October 2016 through March of 2020. So it's a period really of only three and a half years.”
“Clients to take advantage of illiquidity premiums and some economic cycle risk by buying funds. There are two funds that we currently use, Cliffwater has an interval fund, CCLFX, which invests in private debt, which private credit developed after 2008.”
“Them at the bottom of the scale because of their religious beliefs. So, how do you decide what is the right? There are no right answers. It's what your personal values are. And it's very difficult to find one that does that. There are faith-based ones, and maybe they fit your criteria. So there are those.”
Masters in Business: “Team Favorite At the Money: Should You Be A Stock Picker?”
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