Last year we published the Best Investment Writing, volume four, we offered authors the opportunity

to record an audio version of their chapter to be released as a segment of the podcast and

listeners loved it.

This year we're once again bringing you the entire

volume of the best investment writing, volume five in podcast format. You'll hear from some

of the most respected money managers and investment researchers from all over the world.

Enough for me, let's get to our guest and let them take over this special episode.

I'm Amy Koh from Research Affiliants, a firm known for its work in Smart Beta and

multi-asset investing.

With a focus on research and product innovation, we at Research Affili affiliates partner with leading financial institutions

to bring our ideas to you through mutual funds, ETS, separately managed accounts, and other vehicles. To learn more about our research insights, interactive tools, and more, drop by at research affiliates.com and Raffi.com.

I will read a piece titled a quick survey of quote-on-quote broken asset classes. Introduction, pundits, prognosticators, and even investment boards often make misleading

declarations that an asset class is broken, that its prospects for earning investors a reasonable future

return are very dim.

These proclamations can lead to investors abandoning these assets to chase recent winners.

Advisors are uniquely positioned to educate their clients about historical asset class returns and to provide

context for recent, perhaps disappointing performance.

In this way, advisors can prepare their clients for substantial variations in an assets returns.

A prepared client is a confident one.

And confidence begets the tenacity to hold assets over the long term,

raising the likelihood of a successful investment experience via diversification, rebalancing, and long-term

compounding.

...