MI238: A Guide to a Winning Investment Strategy w/ Larry Swedroe
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 29 November 2022
⏱️ 75 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:02.6 | The stock market, if you just bought and owned the market and reinvested any dividends over |
| 0:08.5 | time, you would have gotten about a 10% return. |
| 0:12.3 | Now, if you ask people, you know, if you bought an individual stock, what percent of them |
| 0:17.8 | outperform? |
| 0:19.2 | Most people would think, well, it's probably 50-50, and it's |
| 0:22.5 | nowhere near that. Far fewer stocks beat the market than people think. In fact, here's a number |
| 0:30.5 | that's probably going to shock you. Only 4% of all the stocks, 1 in 25, account for 100 percent of all the excess return of stocks. |
| 0:42.4 | Now, what are the odds you're going to find those stocks and hold them for the entire time |
| 0:48.2 | to make sure you capture those gains? |
| 0:59.7 | On today's episode, I am joined by Larry Swedro, who is the head of financial and economic research for Buckingham wealth partners. Larry holds an MBA from NYU and a bachelor's degree |
| 1:06.3 | in finance from Baruch College. He's also authored over 18 books and writes for advisor perspectives, |
| 1:13.5 | Alpha Architect and Seeking Alpha. During this episode, Larry and I talk all about his book, |
| 1:19.8 | The Only Guide to a Winning Investment Strategy You'll Ever Need. He covers what a winning investment |
| 1:25.5 | strategy looks like and he shares some really interesting |
| 1:29.5 | research behind why active strategies like stock picking, market timing, and active management |
| 1:35.6 | are losing strategies. |
| 1:37.5 | We also cover factor investing and how this strategy can be used to improve our expected |
| 1:42.9 | returns over the long run and the five |
| 1:45.3 | rules factors must meet to invest in them and even how warren buffett's outperformance outperformance can be |
| 1:50.6 | explained by exposure to these factors i really enjoyed this conversation with larry he is |
| 1:57.1 | such an incredible teacher and leader in the space of evidence-based investing. |
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