Five Questions: Behavior in Investing with Dr. Daniel Crosby

By Jack Forehand (@practicalquant) —   There is probably nothing that hurts our investment returns more than our behavior.  We spend a lot of time debating things like whether we should invest in active or passive funds or whether value or momentum is a better investing factor, but in doing that we often lose sight of the thing that studies have shown detracts from our returns more than all of that. The way we are wired as… Read More

The Biggest Failure of the Investment Management Industry

By Jack M. Forehand (@practicalquant) —  The investment management business has improved dramatically in the past twenty years. The days of brokers selling high priced products to unsuspecting consumers that serve no purpose other than to line their own pockets are mostly gone. Fees have also fallen drastically, and efforts to educate investors on them by people like John Bogle have led to substantially increased investment in index funds and other low-cost products, which is… Read More