Bob French, CFA

Occam’s – Can TIPS Help You?

By Bob French, CFA / April 11, 2019 /

Inflation is one of the most serious risks that retirees face. While there are a lot of ways to mitigate inflation risk, TIPS, or Treasury Inflation Protected Securities, are one of the few investment options that directly hedge against inflation risk. They aren’t perfect, and there are certainly some things to consider when you use…

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The Dangers of Putting Our Faith in Statistics

By Bob French, CFA / April 28, 2017 /

Most people try to avoid thinking about statistics, but they’re part of everything we do in investing. When other people get around to thinking about statistics, they often end up thinking about them the wrong way. Most people assume the most important numbers of any data set are the average, median, and standard deviation, and…

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Occam’s Razor: One of the Most Successful Active Managers of All Time Shows Why Active Management Doesn’t Work

By Bob French, CFA / April 21, 2017 /

WHAT IS OCCAM’S RAZOR? Occam’s Razor is a principle attributed to William Occam, a 14th century philosopher. He stressed that explanations must not be multiplied beyond what is necessary. Thus, Occam’s Razor is a term used to “shave off” or dismiss superfluous explanations for a given event. This concept is largely ignored within the investment management landscape. This newsletter…

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How Far Should You Trust Market Models?

By Bob French, CFA / February 10, 2017 /

We use models all the time. We are constantly making decisions based on them – everything from simple heuristics (nachos taste good) all the way up to (and including) quantum mechanics. They’re great tools for helping us understand and make sense of the world. But it’s important to understand their limitations and the dangers of…

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InvestmentNews Names Our Own Wade Pfau Among The ‘Icons & Innovators’ Of 2016

By Bob French, CFA / January 11, 2017 /

Our Director of Retirement Research, Dr. Wade Pfau, was recently named one of InvestmentNews’ Icons & Innovators of 2016. According to IN, the list recognizes the people who have “shaped and transformed the financial advice profession.” All told, the list includes 20 people – 18 innovators and two icons. Dr. Pfau was listed as an innovator, which…

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