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Using the Science of Investing to Build More Efficient Portfolios

USING THE SCIENCE OF INVESTING TO BUILD MORE EFFICIENT PORTFOLIOS

Cost Free
Presentation Length 1.0 hour

Recorded DateOctober 24, 2019
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaFinance
Course LevelBasic
Course Description

This webinar, based on Larry’s book “Reducing the Risk of Black Swans, 2018 Edition,” will explain how investors can build more efficient portfolios using the academic research on asset pricing models that have uncovered unique sources of risk and return beyond the CAPM’s market beta. By adding unique sources of risk that have demonstrated premiums that have been persistent, pervasive, robust, implementable, and have intuitive explanations for why the premiums should persist, and lowering the exposure to market beta, investors can create more of a risk parity portfolio. Such a portfolio has historical delivered superior risk-adjusted returns while also reducing crash risk. In addition, the SEC’s approval of interval funds has allowed the investment industry to develop new products that allow individual investors to access other unique sources of risk that improve portfolio efficiency.

Learning Objectives:


  • Demonstrate how adding exposure to factors used in asset pricing models allows investors to move toward a risk parity type portfolio, without having to use leverage.

  • Demonstrate that investors can reduce the potential dispersion of returns without lowering the mean/expected return of the portfolio by adding exposure to equity factors such as size, value, momentum, and profitability/quality.

  • Demonstrate how adding other unique sources of risk can further improve portfolio efficiency.

  • Learn the trade offs that investors accept for moving away from market-like portfolios.

Reducing the Risk of Black Swans: Using the Science of Investing to Capture Returns with Less Volatility





By Larry E. Swedroe | Available on Kindle and Paperback

View Details Here

"This book shows what it takes to build more efficient portfolios in today’s evolving financial landscape. The way today’s investors hold risk is changing, and this book brings you an essential resource for making the informed and prudent investment decisions necessary to help secure your financial future."
PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Larry Swedroe

Buckingham Strategic Wealth
Chief Research Officer for the Buckingham Family of Financial Services
lswedroe@bamadvisor.com
(314) 743-2214

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Since joining the firm in 1996, Larry Swedroe has spent his time, talent and energy educating investors on the benefits of evidence-based investing with enthusiasm few can match.

Larry was among the first authors to publish a book that explained the science of investing in layman’s terms, “The Only Guide to a Winning Investment Strategy You’ll Ever Need.” He has since authored seven more books: “What Wall Street Doesn’t Want You to Know” (2001), “Rational Investing in Irrational Times” (2002), “The Successful Investor Today” (2003), “Wise Investing Made Simple” (2007), “Wise Investing Made Simpler” (2010), “The Quest for Alpha” (2011) and “Think, Act, and Invest Like Warren Buffett” (2012).

He has also co-authored eight books about investing. His latest work, “Your Complete Guide to a Successful and Secure Retirement,” was co-authored with Kevin Grogan and published in January 2019.

In his role as chief research officer and as a member of the firm’s Investment Policy Committee and Board of Directors, Larry regularly reviews the findings published in dozens of peer-reviewed financial journals, evaluates the outcomes and uses the result to inform the firm’s formal investment strategy recommendations. He has had his own articles published in the Journal of Accountancy, Journal of Investing, AAII Journal, Personal Financial Planning Monthly and Journal of Indexing.

Larry’s dedication to helping others has made him a sought-after national speaker. He has made appearances on national television shows airing on NBC, CNBC, CNN and Bloomberg Personal Finance. Larry is a prolific writer, contributing regularly to multiple outlets, including Advisor Perspectives, The Evidence Based Investor, and Alpha Architect.

Before joining Buckingham, Larry was vice chairman of Prudential Home Mortgage. He has held positions at Citicorp as senior vice president and regional treasurer, responsible for treasury, foreign exchange and investment banking activities, including risk management strategies.

Larry holds an MBA in finance and investment from New York University, and a bachelor’s degree in finance from Baruch College in New York.

About Our Presenter

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Buckingham Strategic Wealth® is a growing organization of advisors, financial specialists and national thought leaders committed to delivering on the promise of true wealth management. The essence of their approach is based on a pledge to act in their clients' best interests. This means making recommendations based on what decades of peer-reviewed financial research has shown to be the right way to invest. It means getting to know their clients, their families, their goals and their most important dreams. It means crafting a plan that touches on – and improves – the most important aspects of their clients' lives.