Swedroe: Overconfident Enemy In Mirror

One of the questions I’m most often asked by reporters covering finance is: “What are the biggest risks facing investors?” My usual response is that the biggest risk confronting most investors is staring right back at them when they look in the mirror. And there’s...

Deconstructing 30 Year Stock Market Returns

The worst 30 year return — using rolling monthly performance — occurred at the height of the market just before the Great Depression and stocks still returned almost 8% per year over the ensuing three decades. You can see that there is some variation in these returns...

When Not Paying Attention Pays Off

Pay attention to your teacher. Pay attention to detail. Pay attention, pay attention, pay attention! Our entire lives we’re warned: Pay attention, or.… Well, you know. The worst will happen. But when it comes to your investment portfolio, please do not pay too much...