Invest Like the Best with Patrick O'Shaughnessy Jason Zweig – The Power of Serendipity - [Invest Like the Best, EP.03]
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Sep 27, 2016 
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Show Fees As Dollars, Not Percentages
- Show advisory fees as dollars, not just percentages, to make costs tangible and negotiable.
- This shift helps clients evaluate value and forces advisers to unbundle services.
Index Funds And Long-Term Discipline
- Use index funds for personal portfolios to avoid conflicts of interest as a financial journalist.
- Limit trading and favor long-term automatic contributions like monthly dollar-cost averaging.
Demand Theory And Robust Tests For Factors
- Data-driven factors need a motivating theory, long data series, and out-of-sample tests to be credible.
- Without those, many factor claims are likely statistical artifacts or overfitting.