tag:blogger.com,1999:blog-4573016048187948924.post5902494454089506495..comments2024-03-02T01:25:02.690-08:00Comments on Behavioural Investing: Something the Boglehead wouldn't want you to know, or index investing isn't passiveJameshttp://www.blogger.com/profile/15994796273691966659noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-4573016048187948924.post-29959408900261200642011-11-23T11:33:33.344-08:002011-11-23T11:33:33.344-08:00I absolutely love your blog and find the majority ...I absolutely love your blog and find the majority of your post's to be exactly what I'm looking for. Does one offer guest writers to write content for yourself? I wouldn't mind publishing a post or elaborating on a number of the subjects you write with regards to here. 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I think you're onto something here....Hot dang! I think you're onto something here. Time to sit down at the computer and do some research on this. Thanks!Unknownhttps://www.blogger.com/profile/02145067373063188036noreply@blogger.comtag:blogger.com,1999:blog-4573016048187948924.post-79897948868676012672010-12-03T01:15:28.587-08:002010-12-03T01:15:28.587-08:00Brilliant. One of the very best I have read. Well ...Brilliant. One of the very best I have read. Well written, with style and intelligence. I have spent hours looking for erotica like this. 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I guess the papers' conclusions do not (fully) apply to total markets.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4573016048187948924.post-57278208473184816842008-01-29T21:34:00.000-08:002008-01-29T21:34:00.000-08:00See David Swensen's book "Unconventional Success" ...See David Swensen's book "Unconventional Success" on why the Russell 2000 is an extremely poorly constructed index.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4573016048187948924.post-22984142227584791722007-09-21T05:50:00.000-07:002007-09-21T05:50:00.000-07:00I've often wondered, but haven't seen any specific...I've often wondered, but haven't seen any specific studies (it would be very interesting if someone would do one), whether the increasing strength of momentum in the 90's wasn't due in part to the increasing investment in cap-weighted index funds since every new inflow required more purchases of the highest cap stocks, and as you've pointed out high cap frequently means high p/e rather than high e. This is certainly not the only source of momentum effect which existed long before the growth of index funds and which has many other behavioral explanations, but I do think the index phenomenon could explain part of the stronger momentum effect in the bubble years (which was largely confined to the large caps).Johnhttps://www.blogger.com/profile/08065795935002884662noreply@blogger.comtag:blogger.com,1999:blog-4573016048187948924.post-83622693672972329172007-09-12T17:42:00.000-07:002007-09-12T17:42:00.000-07:00Good work James, we really need to keep pushing th...Good work James, we really need to keep pushing the point that indexing is not a passive strategy, especially relevant for a taxed investor. This is even more relevant for the Value and Growth sub-indices we have. They have a much greater turnover.Frank Ashehttps://www.blogger.com/profile/00912947016543255281noreply@blogger.comtag:blogger.com,1999:blog-4573016048187948924.post-86500030378817048972007-09-06T18:51:00.000-07:002007-09-06T18:51:00.000-07:00Good point; some (such as Burton Malkiel in his mo...Good point; some (such as Burton Malkiel in his most recent edition of "A Random Walk Down Wall Street") have suggested passively investing in a total market exchange traded fund rather than the more selective indices such as the Dow or the S&P 500. Vanguard's VTI, for example. That way, nobody on a committee is deciding anything on your behalf.Unknownhttps://www.blogger.com/profile/08176703600603212711noreply@blogger.comtag:blogger.com,1999:blog-4573016048187948924.post-21752550257077347952007-09-06T11:39:00.000-07:002007-09-06T11:39:00.000-07:00This is a pointless article. The author is making ...This is a pointless article. The author is making something out of nothing.<BR/><BR/>Studies have shown that it is very difficult to outperform a broad index such as the S&P500. This fact is the basis for passive investing. Who cares if,when,and how the index itself changes. Relative to actively managed portfolios, the index has outperformed.<BR/><BR/>Anyone can look back in time and second guess the changes in the index and create perfect scenarios. The fact of the matter is that the majority of active managers don't hold on to the winners or get rid of the losers so the premise is flawed.<BR/><BR/>This article is just an attempt at shifting attention away from reality.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4573016048187948924.post-14892000554559678652007-09-06T10:35:00.000-07:002007-09-06T10:35:00.000-07:00James: I've read many of your papers and so am del...James: I've read many of your papers and so am delighted to find that you have a blog. Would you consider changing your blog template to something more readable? I know that I'm not alone in having trouble with that black background.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4573016048187948924.post-48243598760817104092007-09-06T02:42:00.000-07:002007-09-06T02:42:00.000-07:00Very interesting article and post. The question is...Very interesting article and post. The question is whether there are ETFs or funds that now follow the principles you point out as being better. An individual investor cannot really replicate the Russell 2000 or the S&P 500, let alone the thousands of potential international stocks.CanadianInvestorhttps://www.blogger.com/profile/05645767559302303541noreply@blogger.com