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Bad News

If you feel the only news you read lately is bad news, it might not be your imagination. A group of researchers from Dartmouth and Brown Universities studied all the COVID-19 related news articles published by U.S. major media outlets written since January 1, 2020 and...

Why Worry About Survivorship Bias?

Why Worry About Survivorship Bias? (from Dimensional Fund Advisors LP.  Original post can be found here and was published October 12, 2020.) For actively managed US equity mutual funds over the period from 1991 to 2020, survivorship bias overstates the median fund...

Chasing My Tail

On most week days, I’m greeted as I arrive home from the office by the sound of four kids screaming (usually happily) and running around, the sight of toys, clothes, and the remnants of afternoon snacks in the living room and kitchen, and the smell of whatever dinner...