A Sensible Shot Heard Around the World: An Interview with UK’s Sensible Investing Hosts

L to R: Igors Alferovs, Larry Swedroe and Richard Woods.
Igors Alferovs, Larry Swedroe and Richard Woods.

I don’t remember how I discovered SensibleInvesting.TV and its landmark video series, “Passive Investing: The Evidence.” But I do remember my reaction when I did: Eureka! It was one of the first times I knew that US and UK investors alike had sensible proponents of evidence-based (formerly “passive”) investing, to help them find their way in our grueling global markets.  

The respect is clearly mutual. The series features some of the same familiar voices we’re used to heeding here in the states – so familiar that their surnames usually suffice: Bogle, Sharpe, Fama, French, Bernstein (William, that is), Malkiel, Ferri, Goldie … And Swedroe, Larry Swedroe, who has both shaken and stirred the financial community many times over with his collection of investment books for helping everyday investors discover evidence-based investing. 

Imagine my delight when I learned that Sensible Investing’s founder and host Richard Wood and his colleague Igors Alferovs had recently collaborated with Larry to publish a British version of one of his most popular books: “Think, Act and Invest Like Warren Buffett.”  

I was pleased when Richard and Igors agreed to share with me their experience advocating evidence-based investing in the UK. Here are the results. (Additional book ordering information is below, if you are interested in obtaining a copy of Larry’s Anglicised book for you or your clients.)


What is Sensible Investing? When did you found it and why?

Sensible Investing is an online video channel and information website featuring film, articles and comment about evidence-based, or passive investing. We began it in 2012 while we were making our documentary Passive Investing: The Evidence, and realised there was a gap in the market for independent, impartial, fact-based information about investing. This was especially the case in the UK, which was (and still is) years behind the US in awareness of the true cost of traditional active investing. An online channel for videos, blogs and downloads, combined with an active social media presence, seemed to be the best way of reaching as many people as we could. Although it’s funded and run by our wealth management firm BRWM, we are committed to keeping it as independent as possible, and are happy to feature content from other organisations who share our beliefs. Continue reading “A Sensible Shot Heard Around the World: An Interview with UK’s Sensible Investing Hosts”

A 2016 Call to Action for the Evidence-Based Advisors Group

Evidence-Based AdvisorsCalling All Evidence-Based Advisors!

If you’ve not yet heard about it, a small team of us has been maintaining an Evidence-Based Advisors (EBA) LinkedIn group since 2008. What began as a modest adventure has grown to a list of 1,500+ members, with new join requests coming in weekly.

The majority of members are evidence-based advisors, just as the name implies. There also are a scattering of service providers like yours truly; fund manager representatives from firms such as Dimensional, AQR and Bridgeway; and some academics who have expressed interest in participating in meaningful conversations (versus using the forum as a promotional venue). Advisors from the US, Canada, the UK, Germany, Australia, New Zealand, and a number of other countries are represented in the group. Just this morning, we accepted a join request from an advisor based in Santiago, Chile. Bienvenida!

Continue reading “A 2016 Call to Action for the Evidence-Based Advisors Group”

Evidence-Based Investing: A Universal Passion

As thankful as I am to be writing and editing for evidence-based investment advisers, there are days that I have wished there were more of “me” to go around — more creative types whose passion for evidence-based investing comes as much from our experience as ordinary investors as it does from being marketing sidekicks to the evidence-based adviser community. That’s one reason why I’ve especially enjoyed getting to know Robin Powell during the last few years, as he has served in roles similar to my own from his home base in the U.K.

While I’ve focused on the writing, Robin seems more comfy spreading the word in front of a camera. If I had a nifty British accent, maybe I’d feel the same way! In any case, I’m pleased to update you on Robin’s most recent adventures, including how and why he recently launched www.evidenceinvestor.com, and his own story about how he came to share our universal passion for, as he describes it, “proper investing, as opposed to speculating.” If you like what you see, give it a subscribe, and consider encouraging others to do the same … let the evidence speak! 

 


The Making of an Evidence-Based Investor:
Q&A with Robin Powell

Robin Powell, Evidence-Based Investing
Robin Powell, Evidence-Based Investing

Wendy: Why did you launch The Evidence-Based Investor?

Robin: It’s a few months now since I left Sensible Investing TV and several people have asked me what I’m doing now and where they can find my blogs and videos. In fact I’ve been busy building a new operation called Regis Media, which is a specialist content marketing consultancy for fiduciary advisors. It’s going very well but I’m still a journalist at heart, and I miss doing what I enjoyed most about Sensible Investing, in other words writing blogs and producing videos. Hence, The Evidence-Based Investor.

Continue reading “Evidence-Based Investing: A Universal Passion”

The RDR: The Biggest Financial News You Haven’t Heard

UK RDR Announcement
© Can Stock Photo Inc.

Newsflash! The British have staged a revolution. A financial revolution, that is, called “Retail Distribution Review (RDR).” Haven’t heard of it yet? RDR debuted in the U.K. on December 31, 2012, but I’ve seen precious little coverage of it here in the U.S. In this uprising – a full, frontal attack on hidden fees and conflicted financial advice – I’m cheering on the Brits.

What’s Going On

In the years surrounding the new millennium, the U.K. empowered its newly formed Financial Services Authority (FSA) to implement the Financial Services and Markets Act 2000. FSA’s four-pronged mission: to improve market confidence, financial stability and consumer protection, and reduce financial crime. To these ends, the FSA undertook a review of the financial industry in 2006.

So far so good. But how often have we seen government agencies study … and study and study? This time, the FSA has something to show for it. That “something” is the RDR, and it’s taking on some of the financial industry’s most sacred cows. Continue reading “The RDR: The Biggest Financial News You Haven’t Heard”