Bogleheads.org

Index Universe Wealth Logic’s Roth: Dare To Be Dull By Cinthia Murphy | March 05, 2013 Allan Roth, an investment advisor at Colorado Springs, Colo.’s Wealth Logic, which has more than $1.5 billion of assets under advisement, is also known for his blogging acumen on DareToBeDull.com. The Northwestern...

Doing a quick scan through the research paper Rick kindly linked, I get the feeling that dividend growth is much more important than investors were led to believe in the past. Rebalancing and the Value Effect "It is, therefore, the act of rebalancing and reconstituting the growth and value port...

I've been following dividend growth investing for over thirty years now, and presently have thirty four individual Canadian equities in my taxable account. Having read Ben Graham's "The Intelligent Investor" numerous times, I think it would be a stretch of the imagination to call myself a ...

When Walter Schloss was alive and running his investment business with his son Edwin, they had around a 100 stocks in the portfolio. In a 1989 interview with Outstanding Investor Digest when he was asked about his feverish pace of turning over his stocks at the torrid rate of once every four years, ...

If you go way down to the bottom post on this blog from Andrew Hallam in Singapore, you'll find a poster asking much the same thing.

Another method, If you have access to the stock exchanges in the U.S. you can always buy Vanguard's ETF's. I'm an outright foreigner, and that's what I do.

styrker That is stated in the beginning of the book, that you cannot invest exactly like him but you can follow his advice and his behaviors (in that way you can invest like him), like ignoring forecasts and not trying to time the market. Best wishes Larry Hi Larry, I've ignored market forecasts si...

How can I invest like Warren Buffett? He had an unfair advantage. In my thirty plus years of investing, I've never used leverage, and don't plan to start now. His mentor, Benjamin Graham used leverage in the late 20's and early 1930's and almost got wiped out. Ben never did that again.

Credit Suisse Global Investment Returns Yearbook 2013

by Elroy Dimson, Paul Marsh, and Mike Staunton, London Business School

Canadian newspaper interview with John Bogle.

John Bogle: “Invest, and don’t peek”

The Globe and Mail
Published Thursday, Jan. 24 2013

Anywhere Non-US. Canada Model portfolios at Dan Bortolotti's website "Canadian Couch Potato" Andrew Hallam's model portfolio Hallam is the author of "The Millionaire Teacher", a Canadian who runs a blog from Singapore. He also has information for expatriates who want to invest i...

I find major down markets like 2008 - 2009 a great time to find out any minor or major weaknesses in the portfolios and shore them up. At the time, I was kept busy buying individual stocks until I ran out of cash.

I will note that there are individuals (e.g. Gil Blake) whose sector picking returns cannot be explained by reference to luck, additional risk, etc. I had to look up this Gil Blake to satisfy my own curiosity. Market timing is hardly new. It was pioneered in 1980 by Gil Blake, an investor who made ...

Tried a search on this here, but couldn't find it posted previously. Quite an eye opener from this research paper on the performance results from the largest cap companies listed not only in the U.S., but from around the world.

The Winner's Curse

By Rob Arnott, Lillian Wu

Couch Potato Portfolio Returns for 2012 "I think we can safely say we are now almost four years into the most disrespected bull market in history, to borrow a phrase from Alexander Green. In a recent roundtable in The Wall Street Journal, the moderator opened the discussion by saying, “It’s be...

Bloomberg Businessweek Five Brutal Years Teach Investors to Sit Tight "Five short, mostly brutal, years ago, Henry Blodget made what I think is the best call of his career. In a candid series for Slate, the former stock analyst ragged on the Wall Street marketing and fee machine that he once co...

Many Canadians who own ETF's listed south of the border are breathing a sigh of relief as well, since depending on assets we may have been hit with the U.S. estate tax.

I've tried reading through some of Larry's articles and appreciate the detailed analysis, some of which is over my head. However, it appears that some have done well with dividend stocks, especially in accumulation phase. Regards Kennon, this part of his site is quite emphatic and direct about goin...

For a former star hockey player he certainly is conservative with his money.

The payoff: Know your strengths

OP. If you have a choice of buying a dividend ETF or a broad based index, I would be inclined to go for the index. If you go the individual stock route, you'll just have to do what some of us did in the past, one stock at a time. Just remember not to add too many stocks to any one industry or sector...

Read some of Kennon's site (learned about it from this site) and wanted to know people's opinions of it. He embraces dividend blue chip stock investing for retirement planning, and writes for about.com in a clear and intelligent style. But he boasts of having millions in tax advantaged accounts usi...

Cramer Sees the Light (But Misses the Point) by Dan Solin Friday, December 07, 2012 "I am no fan of Jim Cramer. I don’t find him entertaining, although I can understand why many people do. My gripe is that his antics harm investors by making it appear his opinion on the direction of the market...

Canadian Couch Potato What Investors Can Learn From Weather Forecasts I’ve never made a secret of my opinion that acting on market forecasts is destructive to investors. Nate Silver’s fascinating new book, The Signal and the Noise: Why So Many Predictions Fail—But Some Don’t includes some telling ex...

Just how bad is Fisher Investments? I can't really tell what they do from the website. I mean, it looks like it's value-oriented stock picking. I bought his first book "Super Stocks" when it came out in 1984. Still have it in the bookcase, although I don't use it much any more. I used to ...

I think Irving Kahn knows exactly what he wants and takes great satisfaction from his stock picking. When you are 107 you can do whatever the hell you want! +1 From an old 1991 issue of Outstanding Investor Digest I have, where Irving Kahn was interviewed along with his sons Alan and Tommy under th...

Gus Sauter was interviewed a few days ago in the Miami Herald. I didn't post the link because I felt that at least one or two parts might be deemed political. There was an answer he gave to one question that concerns me about young investors in North America though. Q: What mistakes have you made wi...

It seemed to me when I used to study Value Line at the library between ten and twenty years ago, there were more buyback announcements than there were actual buybacks. Now if there's an actual buyback I'll take it, but much prefer a dividend increase.

With just over 93% of his equity assets in consumer cyclicals and a portfolio turnover of 113%, it looks to me like the manager is taking sector bets. I invest in equal sectors in my own Canadian equity portfolio, but I don't try and predict an unknowable future, nor would I even consider investing ...

Enjoyed watching this 54 minute youtube film on passive investing posted November 29, 2012.

PASSIVE INVESTING: The evidence the fund management industry would prefer you not to see

Stryker, I didn't mean to implay the fact was incorrect. My point was that naysayers of indexing always point to the recent return of the S&P 500 as a reason not to use index funds for any investment. There is nothing wrong with index funds when the index doesn't perform well. They also fail to...

Here is the first sentence of one comment left by a reader: Funny the article didn't mention an index fund tracking the S&P500 still is below the level it was at in Oct 2007. This is the favored argument of index fund critics. They attempt to make the case for active management by saying the S&...

No mention of the fact that Vanguard is now operating north of the border. Their ETFs are now an excellent option for the Canucks who have had to choose from mutual funds with high e.r.s (aka: m.e.r.s in Canada). Dale Well, it's a Canadian newspaper and I guess it's assumed we already know that Van...

John Bogle’s lament for investing’s culture clash

DAVID PARKINSON
The Globe and Mail
Published Tuesday, Oct. 23 2012, 8:13 PM EDT
Last updated Wednesday, Oct. 24 2012, 7:06 AM EDT

A few items are applicable only to Canadians, but a lot of it investors from around the world can identify with:

The complete cynic’s guide to investing

ROB CARRICK
The Globe and Mail

A glossary for people trying to make sense of today's financial world.

The debate is too long and involved to give just a brief synopsis. I'll give you the links to where it all started from. Bill Gross starts with his August essay at Pimco called "Cult Figures". Jeremy Siegel Explains How Bill Gross Got His Latest Analysis Totally Wrong Bill Gross Goes Unlea...

Recently from from Bloomberg TV where Jack Bogle enters a debate between Jeremy Siegel and Bill Gross. Video runs just over 6 minutes.

Jack Bogle on Long-Term Returns for Stocks, Bonds

stryker Beta wasn't killed off, just that it wasn't the ONLY factor, explaining about two-thirds of returns while the newer model explains over 90% and add momentum and you are up even further. Best wishes Larry It seems to me that James O'Shaugnessy suggested much the same over ten years ago regar...

......and here I thought beta was killed off by none other than Fama/French twenty years ago.

Quotes I took from various college investment officers in the book "Outperform" . University Endowments and The Individual Investor Jonathan Hook Chief Investment Officer The Ohio State University On the fixed income front, some variety of government bonds-TIPS and others can be a good cou...

We just bought a brand new econo-box back in the spring. Came out of the emergency fund. We got a discount for paying all cash for the car. My wife and I are debt averse. I even get $50 cash back from my credit card every couple of months, because it's always paid off right away. That's a great feel...

I've never met Marc Faber, but I always enjoy seeing his interviews. Always remember he predicted the crash in Asian stock markets back in the mid 90's. I don't always follow his advice, but his idea of a diversified portfolio blends in with what I'm already doing, since there's very few investors w...

I found it more interesting to read Russel Kinnel's rebuttal towards the end of the article. ----------------------------------------------- New Findings on Fund Fees A new study shows that no one data point, including the expense ratio, will dictate the performance of a mutual fund. By Nellie S. Hu...

A few points for investors I especially liked from Jack Bogle: "Long-term investment is being crowded out by short-term speculation. Instead of owners, we have renters of capitalism in the driver's seat. And individual investors don't speak up for themselves. Seventy percent of the market is ow...

Richard Kinnel of Morningstar in his latest report Funds On A Hot Tin Roof has not only mentioned CGM Focus as a problem fund, but also Brandywine (BRWIX) has been faltering. "Brandywine's claim to fame once was that it was a momentum fund with better defense than its competition." Looking...

Jack Bogle: Has capitalism lost its soul?

By Eleanor Bloxham, CEO of The Value Alliance July 24, 2012: 10:24 AM ET

Vanguard Group founder Jack Bogle describes what he sees as the primary problems at money management firms and public companies today and what it will take to set things right.

I knew about Heebner having major problems with his portfolio a few days ago. This article appeared in Bloomberg: The Tortoise and the Hare: Fund Manager Edition It seems like the media dethrone one former king, then anoint another. ------------------------------------------ Ironically enough, back ...

Yabbut, I'm just finishing reading about U.S. endowments called "Outperform", and their asset classes except for bonds went down, the same as for amateur investors during the financial crisis of 2008-09. Here they had intelligent experts on staff who were supposed to protect tail risk in t...

Charles Ellis said it near a decade ago: Q. Why index funds? A. Watch a pro football game, and it's obvious the guys on the field are far faster, stronger and more willing to bear and inflict pain than you are. Surely you would say, "I don't want to play against those guys!" Well, 90% of s...

We have a large portfolio of individual Canadian dividend growth stocks in a taxable portfolio, which I started years ago and and am happy with and plan to keep. I also have witnessed the power of indexing over many years. Our tax deferred account is all invested in broad based index funds and ETFs....