Podcast
Sound Investing
Hosted by Paul Merriman · EN
Weekly podcasts with Paul Merriman. Strategic planning for investing at every stage of life.
32episodes
Episodes
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How I failed the Bogleheads
Oct 18, 2023Tap to summarizeI went to the Bogleheads Conference with high hopes I would convince guests that small cap value should be at least a small part of every equity portfolio. Many respond that they have all the small cap value they need in a total market index like VTI.Why I failed: I only had 20 minutes, as compared to 45 a couple of days earlier for the NYC AAII Chapter. I took a dozen slides out of the shorter presentation but still had at least another dozen tables and graphs to address in the 20 minutes. What I should have done is spend the 20 minutes on one table. That table is B14B. In this podcast I make the presentation I wish I made at the conference. If you have a friend you think could use the information, please pass it on.
Transcribe →Paul answers questions from Bogleheads’ forum
Jan 22, 2020Tap to summarizePaul's recent podcast, The Real Secret to Long-Term Investment Success, elicited many comments and questions at the Bogleheads forum (you can read the threads of conversation here) and from regular Sound Investing listeners. The following are questions addressed on this podcast. What does Paul think of the factor funds at Vanguard? 4:10 What impact do momentum, quality, and volatility have on your recommendations? I suggest listeners check out Chris Pedersen's article and recommendations. 22:16 Where can I see long-term real-time results of the small-cap value asset class? 24:28 John Bogle said that there was no way for a small investor to invest in small-cap value in the 30s. Where can a small investor capture the results of the past? 31:08 If I add small-cap value to my portfolio how much will my risk go up? 34:40 Is there a similar portfolio to the 4-fund combo that includes international developed markets and emerging markets? 40:54 What are the historical trading costs and inefficiencies when trading small-cap value stocks? Are they taken into consideration in your studies? 42:52 Are there some "real life returns" that came close to what Paul claims the historical return has been? 46:35 “What has been your biggest mistake?” Rick Ferri asked Paul in an interview for an upcoming Bogleheads podcast (which will be replayed on Sound Investing). Paul speaks about one of the most common investor mistakes and mentions this video in his answer. 49:00 Will Paul likely go to his grave with small-cap value not living up to his expectations? Paul tells investor to be patient and they will receive the premium for investing in small-cap value. 56:53 90 Years of Evidence Shows Investor Patience Leads to Better Returns
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