I post videos on investing, financial decision-making, and living a good life.
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Ben Felix · 发布于 2023年5月11日
Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p I have told you in many of my videos that low-cost total market index funds are the most sensible investments for most people - just own the market. I stand by that statement, but as true as it is, there is a lot more nuance to making good asset allocation decisions. How do you know if you’re like most people? And if you’re not like most people, how should your portfolio be different from the market? Check out the video posted on Rational Reminder: https://youtu.be/mGCwuS8bjGA Episode 169 with John Cochrane: https://youtu.be/gbaCOB6CZ6E Episode 200 with Eugene Fama: https://youtu.be/LLbQux2OZjk Episode 234 with Robert Merton: https://youtu.be/rmYGZvmYknk Episode 220 with Jonathan Berk: https://youtu.be/XOWdKXGXBho ------------------ Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix Visit Rational Reminder: https://rationalreminder.ca/ Join the Rational Reminder Community: https://community.rationalreminder.ca/ Follow the Rational Reminder on: - Twitter: https://www.twitter.com/RationalRemind - Instagram: https://www.instagram.com/rationalreminder/ Visit PWL Capital: https://www.pwlcapital.com/ Follow PWL Capital on: - Twitter: https://twitter.com/PWLCapital - Facebook: https://www.facebook.com/PWLCapital - LinkedIn: https://www.linkedin.com/company/pwl-capital/ You can find the Rational Reminder podcast on Google Podcasts: https://www.google.com/podcasts?feed=aHR0cHM6Ly9yYXRpb25hbHJlbWluZGVyLmxpYnN5bi5jb20vcnNz Apple Podcasts: https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582?mt=2 Spotify Podcasts: https://open.spotify.com/show/6RHWTH9iW7hdnA7eAg7ukO?si=hjZNfLKuSjSeWX38GPqhVA ------------------ Sources: Markowitz, H. (1952), PORTFOLIO SELECTION*. The Journal of Finance, 7: 77-91. https://doi.org/10.1111/j.1540-6261.1952.tb01525.x Sharpe, W.F. (1964), CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*. The Journal of Finance, 19: 425-442. https://doi.org/10.1111/j.1540-6261.1964.tb02865.x Merton, R. C. (1973). An Intertemporal Capital Asset Pricing Model. Econometrica, 41(5), 867–887. https://doi.org/10.2307/1913811 Fama, E. F., & French, K. R. (1993). Common risk factors in the returns on stocks and bonds. Journal of Financial Economics, 33(1), 3–56. https://do.org/10.1016/0304-405x(93)90023-5 Chen, N., & Zhang, F. (1998). Risk and Return of Value Stocks. The Journal of Business, 71(4), 501–535. https://doi.org/10.1086/209755 ZHANG, L. (2005), The Value Premium. The Journal of Finance, 60: 67-103. https://doi.org/10.1111/j.1540-6261.2005.00725.x YOGO, M. (2006), A Consumption-Based Explanation of Expected Stock Returns. The Journal of Finance, 61: 539-580. https://doi.org/10.1111/j.1540-6261.2006.00848.x Campbell, J. Y., & Vuolteenaho, T. (2004). Bad Beta, Good Beta. American Economic Review, 94(5), 1249–1275. https://doi.org/10.1257/0002828043052240 BETERMIER, S., CALVET, L.E. and SODINI, P. (2017), Who Are the Value and Growth Investors?. The Journal of Finance, 72: 5-46. https://doi.org/10.1111/jofi.12473 Betermier, Sebastien and Calvet, Laurent E. and Knüpfer, Samuli and Soerlie Kvaerner, Jens, What Do the Portfolios of Individual Investors Reveal About the Cross-Section of Equity Returns? (February 24, 2022). Available at SSRN: https://ssrn.com/abstract=3795690 or http://dx.doi.org/10.2139/ssrn.3795690 Jensen, Theis Ingerslev and Kelly, Bryan T. and Pedersen, Lasse Heje, Is There a Replication Crisis in Finance? (February 2021). NBER Working Paper No. w28432, Available at SSRN: https://ssrn.com/abstract=3781319
