By the end of the eighteenth century, probability theory had accumulated a remarkable collection of results.
A sound evidence-based investment process needs to consider how market volatility can be used to reduce your taxes.
In this study, we compare DFA's funds to those from the investment shop that John Bogle built.
A DAF can be a tax-efficient and less-complex tool to accomplish your philanthropic goals. Here's what to consider.
Discover the story of Thomas Bayes, his groundbreaking theorem, and its profound impact on probability theory and modern investing.
A study once claimed machine learning could pick winning mutual funds. It turned out the model had accidentally been given a preview of the future — take that away, and the result vanishes. Professional investment consultants have not consistently demonstrated an ability to spot winning fund managers in advance, and
Learn why infinite expected value doesn’t hold up in real life, and how Bernoulli's utility theory reshaped probability and rational decision-making.
Investors are naturally drawn to companies that are expanding rapidly. New factories, bold acquisitions... Surely these are the companies that will deliver the best returns. Actually, the evidence suggests the opposite.
Imagine you visit a doctor. She runs a test for a rare disease, one that affects one person in a thousand.
Investors need to tie themselves to the mast to avoid the daily temptations to get rich quick in the market.
What actually explains differences in stock returns over the long run? Not headlines. Not hunches. Data.
Mark Hebner and Wes Long talk to Apollo Lupescu about various topics in a town hall format in this 2026 Q2 Market Review.