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The Antidote To Stock Market Hysteria

  • July 31st, 2017

Market forecasters capitalize on our desire to know the unknowable. Tim Maurer, Director of Personal Finance, The BAM Alliance Just for fun, Google the words “market pullback.” There are over 2.2 million results–most of them market predictions–and the first page of results is dominated by calls for an imminent market reversal that the simple desk…

Measuring Active’s Underperformance Against Investable Benchmarks

  • July 31st, 2017

Larry Swedroe on research using ETFs to create investable benchmarks. Larry Swedroe, Director of Research, The BAM Alliance The underperformance of actively managed mutual funds compared to passive investments is well-documented in the literature—as is evidence on the lack of persistence of outperformance beyond just the randomly expected. For example, in their study “Luck versus…

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Andrews, Lucia Wealth Management LLC, an SEC Registered Investment Advisor firm, was established in 2004 with offices in San Mateo and Danville, California. We are a fee-only advisor with an investment philosophy grounded in academic research.

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