Diversification is famously referred to as the only “free lunch” in investing, but it has been
under assault since the 2007–2009 global financial crisis, when virtually all longonly asset …

… For that reason, financial advisers Larry Swedroe and Jared Kizer designed this book to
bring … Swedroe and Kizer evaluate each investment in terms of: Expected returns Volatility …

The findings in" Index Fundamentalism Revisited" on the relative performance of Vanguard
synthetic active and index portfolios are explained largely by differing exposures to the value …

Real estate investment trusts (REITs) are often considered to be a distinct asset class. But,
do REITs deserve this designation? While exact definitions for asset class vary, a number of …

… Kizer and Mr. Hendershot and do not directly reflect those of Buckingham Strategic Wealth,
… This exercise is akin to that performed in Grover and Kizer [2017] to examine REITs. The …

As we noted in Grover and Kizer [2016], the proliferation of style (or factor) investing has
created a more complicated landscape for investors. It can be difficult for investors and their …

The expense ratio price of US equity market exposure is close to zero with funds such as the
Vanguard Total Stock Market Index (ticker: VTSAX), which charges an expense ratio of just …

… We are grateful to Jared Kizer [2005] for explaining the difference in returns between our
synthetic Vanguard managed and index portfolios by examining differences in their investment …

In the earliest days of empirical work in academic finance, the size effect was the first market
anomaly to challenge the standard asset pricing model and prompt debates about market …