A Dissection of Mutual Fund Fees, Flows and Performance (Do most financial advisors know what they’re talking about?)
A Five-Factor Asset Pricing Model (Factor Investing; Low volatility/low beta ETFs; Efficient capital markets explained)
A General Equilibrium Approach To Monetary Theory (Understanding the Fed’s “money printer” (QE, the stock market and inflation)
A Note on the Suboptimality of Dollar-Cost Averaging as an Investment Policy (Is now the best time to invest?)
A rule for all seasons: Vanguard’s dynamic approach to retirement (How to retire early (The 4% rule))
A Sustainable Capital Asset Pricing Model (S-CAPM): Evidence from Green Investing and Sin Stock Exclusion (Episode 82; Sustainable investing (ESG, SRI))
A Wealth Management Perspective on Factor Premia and the Value of Downside Protection (Episode 117; Asset Allocation)
After-Tax Returns - How to estimate the impact of taxes on ETF performance (Asset Location)
Aggregate Confusion: The Divergence of ESG Ratings (Episode 82; Sustainable investing (ESG, SRI))
An Efficient Frontier for Retirement Income (Episode 59; Episode 89)
An Old Friend: The Stock Market’s Shiller P/E (Stock market forecasts)
Anomalies: The Endowment Effect, Loss Aversion, and the Status Quo Bias (Concentrated stock positions)
Are REITs a Distinct Asset Class? (Episode 58; Real Estate Investment Trusts (REITs))
Can Sustainable Withdrawal Rates Be Enhanced by Trend Following? (Episode 117)
Challenging the Conventional Wisdom on Active Management: A Review of the Past 20 Years of Academic Literature on Actively Managed Mutual Funds (Episode 107)
Contrarian Factor Timing is Deceptively Difficult (Episode 117; Preparing for the recession)
Covid-19, Longevity Risk & the Economics of Annuitization (Episode 101)
Demystifying Illiquid Assets: Expected Returns for Private Equity (Episode 105)
Determining withdrawal rates using historical data (The 4% Rule for Retirement (FIRE); How to retire early (The 4% rule))
Disagreement, Tastes, and Asset Prices (Episode 82; Episode 100; Are too many people investing in index funds?; The index fund bubble; Sustainable investing (ESG, SRI))
Dissecting Anomalies with a Five-Factor Model (Low volatility/low beta ETFs)
Dividend Policy, Growth, and the Valuation of Shares (Why income investing will not give you income; The irrelevance of dividends)
Do Financial Gurus Produce Reliable Forecasts? (Stock market forecasts)
Do Global Stocks Outperform US Treasury Bills? (Episode 113; Investing in the S&P 500; Is investing risky?; Home country bias; Large cap growth stocks (FB, AMZN, AAPL, GOOGL, MSFT, TSLA))
Dollar-cost averaging just means taking risk later (Is now the best time to invest?; Does market timing ever work?)
Earnings Growth: The Two Percent Dilution (Episode 94; The stock market vs. the economy)
Economic Effects of the 1918 Influenza Pandemic (Market crashes (Is this time different?))
Efficient Capital Markets: A Review of Theory and Empirical Work (Efficient capital markets explained)
Embedded Leverage (Investing with leverage (Borrowing to invest, leveraged ETFs))
Equity Risk Premiums (ERP): Determinants, Estimation and Implications (Normal stock returns; Stock market forecasts; How to retire early (The 4% rule))
Evaluating Asset Market Effects of Unconventional Monetary Policy (Episode 109; Understanding the Fed’s “money printer” (QE, the stock market, and inflation))
Excessive Extrapolation and the Allocation of 401(k) Accounts to Company Stock (Picking Stocks)
Experimental measures: Eliciting risk preferences (Episode 94)
Explaining investor preference for cash dividends (Why income investing will not give you income)
Explaining the risk factors in corporate bonds (Do you need alternative investments part 1)
Fama-French Factors and Business Cycles (Episode 117; Preparing for the recession)
Global equity investing: The benefits of diversification and sizing your allocation (Investing in the S&P 500; Home country bias)
Global Financial Stability Report, April 2009: Responding to the Financial Crisis and Measuring Systemic Risks (Market crashes (Is this time different?))
Going global with bonds: The benefits of a more global fixed income allocation (One-decision asset allocation)
Great Expectations - How to estimate future stock and bond returns when creating a financial plan (The 4% rule for retirement (FIRE); Normal stock returns)
Hedge Fund Performance 1990-2000: Do the Money Machines Really Add Value? (Do you need alternative investments part 3)
Hedging Currencies with Hindsight and Regret (Should you currency hedge your portfolio?)
How Expense Ratios & Star Ratings Predict Success (Dave Ramsey’s investing advice)
How Fund Fees are the Best Predictor of Returns (Dave Ramsey’s investing advice)
How long is long term? (Housing: The best investment in history)
How persistent is private equity performance? Evidence from deal-level data (Episode 105)
Identifying Expectation Errors in Value/Glamour Strategies: A Fundamental Analysis Approach (Episode 113; Is the value premium dead?; Large cap growth stocks (FB, AMZN, AAPL, GOOGL, MSFT, TSLA))
Index Investing Supports Vibrant Capital Markets (The index fund bubble)
International Diversification Works (Eventually) (Episode 70; Investing in the S&P 500)
Inverted Yield Curves and Expected Stock Returns (Episode 94; Preparing for the recession; Stock market forecasts; The stock market vs. the economy)
Investor Diversification and International Equity Markets (Home country bias)
IPOs: Profiles Are High. What Bout Returns? (Investing in IPOs)
IPSOS 2019 RBC Financial Independence in Retirement Poll (Episode 76)
Is Economic Growth Good for Investors? (Episode 94; The stock market vs. the economy)
Japan’s Financial Crisis and Economic Stagnation (Bear markets: This time is different (every time))
JP Morgan - Eye on the Market: The Agony and the Ecstacy (Picking Stocks)
Judgement under Uncertainty: Heuristics and Biases (Bear markets: This time is different (every time))
Life-Cycle Earnings Curves and Safe Savings Rates (Episode 112)
Life-Cycle Investing and Leverage: Buying Stock on Margin Can Reduce Retirement Risk (Investing with leverage (Borrowing to invest, leveraged ETFs))
Long-term asset returns (Should you currency hedge your portfolio?; Should you buy Bitcoin?)
Looking for Alternatives: Pension Investments Around the World 2008 to 2017 (Episode 105)
Lost Decade in Translation: What Japan’s Crisis could Portend About Recovery from the Great Depression (Bear markets: This time is different (every time))
Luck Versus Skill in the Cross Section of Mutual Fund Returns (Why is it so hard to beat the market part 1; Do active managers protect your downside?; Advice from Warren Buffett; Reasons (not) to avoid index funds; Dave Ramsey’s investing advice)
Macro-Finance and Factor Timing: Time-Varying Factor Risk and Price of Risk Premiums (Episode 117)
Many doctors feel “betrayed” by sale of MD Financial Management (Episode 2)
Market Timing: Sin a Little (Episode 84; Episode 100; Does market timing ever work?; Stock market forecasts)
Medallion Fund: The Ultimate Counterexample? (Renaissance Technologies Medallion Fund (Jim Simons))
Money creation in the modern economy (Understanding the Fed’s “money printer” (QE, the stock market, and inflation))
Money, Reserves and the Transmission of Monetary Policy: Does the Money Multiplier Exist? (Episode 109; Understanding the Fed’s “money printer” (QE, the stock market, and inflation))
Morningstar Global Fund Investor Experience Study (Do most financial advisors know what they’re talking about?)
Mutual Fund Performance and Flows During the COVID-19 Crisis (Episode 115)
Myopic Loss Aversion and the Equity Premium Puzzle (Bear markets: This time is different (every time))
Narrative Economics (Market crashes (Is this time different?))
Negative Bubbles: What Happens After a Crash (Market crashes (Is this time different?))
On Persistence in Mutual Fund Performance (Episode 103; Why is it so hard to beat the market part 1; Why not all index funds are created equal; Actively managed funds in Canada are still terrible; Should you be factor investing?; Advice from Warren Buffett; Reasons (not) to avoid index funds; Dave Ramsey’s investing advice)
On the Impossibility of Informationally Efficient Markets (Why index funds aren’t going to break the market; The Grossman-Stiglitz Paradox; Is the market efficient?; The index fund bubble)
Once Burned, Twice Shy: How Naive Learning, Counterfactuals, and Regret Affect the Repurchase of Stocks Previously Sold (Episode 86)
Ontario Securities Commission Investor Experience Study (Episode 115)
Optimal Asset Location and Allocation with Taxable and Tax-Deferred Investing (Episode 72)
Pandemics Depress the Economy, Public Health Interventions Do Not: Evidence from the 1918 Flu (Bear markets: This time is different (every time))
Partisan Financial Cycles (Episode 119; US elections vs. the stock market)
Passive asset management, securities lending and stock prices (The index fund bubble)
Path-Dependence of Leveraged ETF Returns (Episode 101; Investing with leverage (Borrowing to invest, leveraged ETFs))
Persuasive evidence of market inefficiency (Episode 113; Small cap and value stocks; Is the value premium dead?)
Political climate, optimism, and investment decisions (Episode 119; US elections vs. the stock market)
Political Cycles and Stock Returns (Episode 119; US elections vs. the stock market)
Profitability, investment and average returns (Efficient capital markets explained)
Quid Pro Quo? What Factors Influence IPO Allocations to Investors? (Investing in IPOs)
Real Estate Betas and the Implications for Asset Allocation (Episode 58; Housing: The best investment in history; Real Estate Investment Trusts (REITs))
Real Shock, Monetary Aftershock: The 1906 San Francisco Earthquake and the Panic of 1907 (Bear markets: This time is different (every time))
Reducing Sequence Risk Using Trend Following and the CAPE Ratio (Episode 117)
Replicating Private Equity with Value Investing, Homemade Leverage, and Hold-to-Maturity Accounting (Episode 105)
Report on the Housing and Mortgage Market in Canada (Episode 3)
Retirement Risk, Rising Equity Glidepaths, and Valuation-Based Asset Allocation (Episode 112)
Retirement Savings: Choosing a Withdrawal Rate That Is Sustainable (How to retire early (The 4% rule))
Risk and Return of Value Stocks (Is the value premium dead?)
Safe Savings Rates: A New Approach to Retirement Planning Over the Life Cycle (Episode 34)
Scale and Skill in Active Management (Episode 103; Why is it so hard to beat the market part 1; Why index funds aren’t going to break the market)
Setting the record straight: Truths about indexing (The index fund bubble)
Size matters, if you control your junk (The problem with small cap stocks)
Stock-Market Crashes and Depressions (Bear markets (This time is different (every time))
Sustainability as BlackRock’s New Standard for Investing (Sustainable investing (ESG, SRI)
Sustainable Investing in Equilibrium (Episode 82; Episode 115; Sustainable investing (ESG, SRI))
The 4% Rule - At What Price? (How to retire early (The 4% rule))
The 5 Largest Economies In The World And Their Growth In 2020 (Bear markets: This time is different (every time))
The Arithmetic of Active Management (Episode 99; Episode 103; Why are people switching to index funds?; Why is it so hard to beat the market part 1; Dave Ramsey’s investing advice)
The Contribution of Betas versus Characteristics to the ESG Premium (Episode 82; Sustainable investing (ESG, SRI))
The Credit Suisse Global Investment Returns Yearbook (What are normal stock returns?)
The Cross-Section of Expected Stock Returns (Episode 103; Episode 113; Not all index funds are created equal; Should you be factor investing?; Asset allocation; Is the value premium dead?)
The Death of Diversification Has Been Greatly Exaggerated (Episode 117; Asset allocation; Preparing for the recession)
The Delisting Bias in CRSP Data (Episode 101; The problem with small cap stocks)
The Efficient Market Hypothesis and its Critics (Is the market efficient?)
The global case for strategic asset allocation and an examination of home bias (Home country bias)
The Golden Dilemma (Episode 111; Should you buy Bitcoin?; Investing in gold)
The Long-Term Performance of IPOs, Revisited (Episode 42; Investing in IPOs)
The Misguided Beliefs of Financial Advisors (Do most financial advisors know what they’re talking about?)
The Other Side of Value: The Gross Profitability Premium (Digest Summary) (Why not all index funds are created equal; Should you be factor investing?)
The Panic of 1907 (Bear markets: This time is different (every time))
The Performance of Mutual Funds in the Period 1945-1964 (Episode 103; Is the market efficient?)
The Presidential Puzzle (Episode 119; US elections vs. the stock market)
The Rate of Returns on Everything, 1870-2015 (Housing: The best investment in history)
The relationship between return and market value of common stocks (Episode 103; The problem with small cap stocks; Small cap and value stocks)
The Role of Preferred Shares In Your Portfolio - The risks and rewards of Canadian preferred shares (Do you need alternative investments part 1)
The Superinvestors of Graham-and-Doddsville (Is the market efficient?)
Time Varying Risk Aversion (Episode 119; US elections vs. the stock market)
Transforming Practices in the Wealth Business: A preliminary assessment of the June 2018 CSA reforms to the client-advisor relationship (Episode 3)
Trust and financial advice (Do most financial advisors know what they’re talking about?)
U.S. Stock Market Crashes and their Aftermath: Implications for Monetary Policy (Bear markets: This time is different (every time))
Understanding Defensive Equity (Low volatility/low beta ETFs)
Unemployment and the Democratic Electoral Advantage (US elections vs. the stock market)
Volatility Lessons (Episode 79; Episode 84; Episode 100; Is investing risky?; Is the value premium dead?)
What Moves Stock Prices? (US elections vs. the stock market)
When Less Is More: Counterfactual Thinking and Satisfaction Among Olympic Medalists (Episode 86)
Why indexing works (Why is it so hard to beat the market part 2)
With Greater Uncertainty Comes Greater Volatility (Episode 119; US elections vs. the stock market)
2018 Global Sustainable Investment Review (Sustainable investing (ESG, SRI))
22 Behavioral Nudges to Optimize Client Outcomes (Episode 115)