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  • Mark Hebner

    Calculations for t-Statistics

    59,512
    by Mark Hebner — Updated: Wednesday, May 22, 2019

    In calculating the t-stat, the first step is to determine the excess returns the manager earned above an appropriate ...Read More

  • Mark Hebner and Murray Coleman

    Selecting Investments Part 1

    58,378
    by Mark Hebner and Murray Coleman — Updated: Wednesday, July 24, 2019

    As a fiduciary for its clients, IFA only receives compensation from its clients and is therefore unbiased in its choice of ...Read More

  • Tom Allen and Mark Hebner

    T. Rowe Price: A Deeper Look at the Performance

    30,414
    by Mark Hebner and IFA Contributors — Updated: Monday, February 10, 2020

    T. Rowe Price has clearly stated their value proposition to their investors. But what exactly is that value and, more importantly, who is receiving the bulk of ...Read More

  • Mark Hebner

    Standard Deviation

    28,001
    by Mark Hebner and Murray Coleman — Updated: Monday, January 13, 2020

    In the field of finance, standard deviation represents the risk associated with a security or the risk of a portfolio of ...Read More

  • Rex Sinquefield

    Active vs Passive Management

    27,552
    by Murray Coleman — Updated: Tuesday, June 25, 2019

    Active management is the art of stock picking and market timing. Passive management refers to a buy-and-hold approach to money management. It can be applied to ...Read More

  • Mark Hebner and IFA Contributors

    Profitability and a Four-Factor Model

    25,577
    by Mark Hebner and IFA Contributors — Updated: Tuesday, May 21, 2019

    When constructing or evaluating a domestic equity portfolio, Index Fund Advisors has traditionally utilized the three-factor asset pricing model that ...Read More

  • Mark Hebner

    Asset Location

    21,574
    by Mark Hebner — Updated: Thursday, August 15, 2019

    An additional way that a passive advisor can add value is not just asset allocation but asset location. Specifically, for a client that has a mixture of ...Read More

  • Murray Coleman

    Invesco: A Deeper Look At the Performance

    20,268
    by Murray Coleman — Updated: Monday, December 23, 2019

    To many investors, Atlanta-based Invesco Ltd. is an investment management conglomerate with a history of acquisitions and multi-asset platforms that spans the ...Read More

  • Brad Steiman

    Paradox of Skill

    18,543
    by Brad Steiman — Updated: Tuesday, July 9, 2019

    Manager selection is a process that requires analyzing noisy performance data, so it should lean heavily on the notion of statistical ...Read More

  • Mark Hebner and Murray Coleman

    Eugene Fama: One of A Kind

    18,018
    by Mark Hebner and Murray Coleman — Updated: Thursday, December 19, 2019

    Academics are a hallmark of the investment strategy that we recommend to our clients. While there are plenty of sales pitches professing some sort of new or ...Read More

  • Mark Hebner

    Cash Withdrawal Considerations

    17,790
    by Mark Hebner — Updated: Thursday, July 18, 2019

    IFA is often in the position of accommodating regular cash withdrawal by its clients. The question is how to best generate cash for ...Read More

  • Ian Liew

    SBBI: The Almanac of Returns Data

    17,312
    by Ian Liew and IFA Contributors — Updated: Friday, July 19, 2019

    Stocks, Bonds, Bills, and Inflation (SBBI) is often characterized as the Almanac of returns data. This magisterial work originally produced by Roger Ibbotson ...Read More

  • Mark Hebner

    Rebalancing Portfolios [VIDEO]

    17,298
    by Mark Hebner and Murray Coleman — Updated: Tuesday, August 20, 2019

    It is important for investors to rebalance their portfolio to achieve risk control and maintain long-term investing ...Read More

  • Murray Coleman

    A Vanishing Value Premium?

    13,811
    by Murray Coleman — Updated: Tuesday, July 31, 2018

    New research by DFA confronts head-on whether the value premium is fading. Analysts crunch 90 years worth of data to gain a better ...Read More

  • Mark Hebner and IFA Contributors

    Advisor Alpha: The View from Vanguard

    11,707
    by Mark Hebner and Murray Coleman — Updated: Thursday, August 15, 2019

    At Index Fund Advisors, we have repeatedly cautioned investors to avoid getting ensnared in the never-ending pursuit of alpha by either picking stocks or ...Read More

  • Murray Coleman

    Not All Fiduciaries are the Same

    7,459
    by Murray Coleman — Updated: Tuesday, August 7, 2018

    Advisors offering fiduciary services to 401(k) and 403(b) plans aren't all the same. In fact, they come in two distinct ...Read More

  • Mark Hebner

    Time for the Fire Drill

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    by Mark Hebner — Updated: Monday, February 10, 2020

    Most of us remember the days at school when we had our routine fire drill. The fire alarms around the school would ring, we would all calmly and collectedly ...Read More

  • Murray Coleman

    2019 Q1 Market Review

    4,825
    by Murray Coleman — Wednesday, April 17, 2019

    Long-term minded investors shouldn't be surprised. Traders, however, could've been whipsawed by markets in ...Read More