Robin Powell

Very few, if any, fund managers properly beat the market in the long run. That's not opinion.. It's what decades of research consistently show. So why are millions still paying them to try? Because the investment industry profits from your confusion. The fully updated second edition of How to Fund the Life You Want is out on Thursday. @jphollow and I wrote it to close the knowledge gap the industry has no interest in closing. With a foreword by @ClaerB #Investing 🔗 shorturl.at/XrovF #EvidenceBasedInvesting #How2Fund #PersonalFinance

Here’s the article ➡️ shorturl.at/vkhaQ 👉 Interested to hear people's thoughts on this. What do you think gets transmitted most reliably between generations: money, habits or expectations? 🤔

Most people lucky enough to be able to leave serious money behind imagine it doing good work for generations. The evidence says otherwise. So, what survives the grandchildren? And what doesn’t? Read my latest for The Times 👇

Control what you can Markets will always move. Your behaviour is where the real discipline begins. #InvestorBehaviour #StayTheCourse

Four hundred years on, Galileo's lesson hasn't changed. If you want to know the odds, measure. Don't guess. Here's episode 3 of Pioneers of Probability with @mark_hebner, our 18-part series on how the world learned to think about uncertainty. shorturl.at/vkhaQ

Investors do exactly the same thing. Sometimes the pattern is real (factor premiums, mean reversion). Sometimes it's illusion (last year's hot fund repeating). Morningstar found that over the 10 years to the end of 2024, the average US fund investor earned 1.2 percentage points less per year than the funds themselves returned. Not bad funds. Not fees. Timing.

Roughly one in four lottery players picks their own numbers rather than letting the machine choose. A good number of them swear by 'hot numbers', the ones that have come up most often. The behaviour is older than you'd think.

Apparently climate change is a myth.

Peter Bernstein on hedging risk Protection always comes with trade-offs. The perfect hedge does not exist. #MarketRisk #FinancialEducation

Apparently everyone knew what they were voting for..

The illusion of a perfect hedge Every hedge has limits. Risk can be managed, but never fully removed. #RiskManagement #Investing

Why copying the market limits returns If you act like the market, you should expect market-like results. #Investing #MarketReturns

The peak reached, the mountain climbed. Aston Villa bath in euphoria. It is glorious. From the "worried" lows, to the big high - the inside story of #AVFC's turbulent, though ultimately joyous, season. FREE TO READ: @TheAthleticFC nytimes.com/athletic/72892…

NO LIMITS TO OUR DREAMS.

ASTON VILLA HAVE WON THE EUROPA LEAGUE!!!!! 🏆

Why behaviour drives investment returns Long-term results are shaped less by markets and more by how investors behave through them. #BehaviouralFinance #LongTermInvesting

Trust and verify your investments Good investing starts with trust, but it should always be backed by verification. #Investing #InvestorWisdom

You can find these videos in the Video Library on the IFA website ➡️ ifa.com/videos And why not subscribe to the YouTube channel so you can watch them as they're published ➡️ @index-fund-advisors" target="_blank" rel="nofollow noopener">youtube.com/@index-fund-ad… This story has only just started!

Probability theory began at the gaming table. Girolamo Cardano — Renaissance physician, mathematician and gambler — wanted to understand dice. His insight was simple but profound: chance has structure. You can count the outcomes. You can calculate the odds. And once you do, you realise something uncomfortable: most gamblers lose not because they are unlucky, but because the odds are against them. Five centuries later, investors face a similar problem. Stock picking. Market timing. Expensive active funds. Success is possible. But the costs are high, the competition is fierce, and the winners are hard to identify in advance. The investment industry is happy for the game to continue. Every trade, every fund switch, every expensive product generates revenue. Cardano’s lesson still matters: understand the odds — then stop playing games that are stacked against you. Our video for @IFAdotcom is worth five minutes of your time ➡️ shorturl.at/dj4Xk #EvidenceBasedInvesting #IndexFunds #BehavioralFinance