What if I told you that brain scans show similar neural activity between a cocaine addict getting high and an investor watching their stock pick soar?
<em>How a single theorem reshaped finance, why market timing is so hard, and how these ideas live on in index funds and IFA’s MarketCoin.</em>
The financial media loves heroes, but markets don’t. A few managers will always look brilliant for a while; the real question is whether their results clear a statistical bar high enough to separate skill from luck. This three-part series is your roadmap.
Is your star fund manager truly skilled or just lucky? Learn why most funds can't prove lasting outperformance—and how to test it yourself.
Learn how flipping a MarketCoin reveals the vast combinations of potential market paths and challenges market timing predictions.
U.S. stocks continued to rise in the third quarter, with major indices like the S&P 500 and Nasdaq reaching new highs. This growth was supported by ongoing trade negotiations and an interest rate cut by the Federal Reserve in September—the first rate cut in nearly a year. The strong performance
Learn why index investing aligns with Nobel-winning insights on capitalism’s self-renewing system, driven by creative destruction and open knowledge.
Mark Hebner summarizes the market's performance during the third quarter of 2025 and demonstrates the difficulty in picking the next asset class winner.
Mark Hebner shows off the new features in the chart, "Compared to the Median Return, Have Markets Flipped Up and Down like a Coin?"
One of the most common frustrations I hear from investors is this: "I paid high fees for an active manager, but I underperformed the market." Truth is, it happens frequently.
Mark Hebner and Wes Long talk to Apollo Lupescu about various topics in a town hall format in this 2025 Q3 Market Review.
Imagine hiring a surgeon who told you he was only pretty sure about the procedure, or boarding a plane where the pilot admitted he had a one in three chance of being wrong. Would you go ahead?