RR

Welcome back to your favourite Canadian podcast about sensible investing! Today we are focusing on evaluating equity strategies and wondering aloud whether you should be chasing these anomalies, thinking about the costs and turnover, and how these products are being implemented. These are just some of the important questions that can be asked on this subject, and we do our best to cover the most vital points in this episode. We start things off with our customary book review segment, taking a look at Katy Milkman's fascinating new title How to Change and the thesis it lays out on the continuum from now into the future. We then turn to a few interesting and pertinent news stories dealing with the CPP and clarifying the role of fund managers! After the preamble, we get into the main course of today's show and talk about some of the most prominent literature on the subject of equity strategies before laying out some criteria for useful data in this discussion. Our main point can be simplified as such: in the event of selecting systemic equity strategies with hopes of beating the market, there are many additional tradeoffs and costs that should be considered, many more than we even have time here to go through! To close out the show we take on a few questions for our Talking Sense segment and share some somewhat relieving news for our bad advice of the week!

Books From Today’s Episode:
Effortless — https://amzn.to/3wTiYfK
Essentialism — https://amzn.to/3fsJILA
How to Change — https://amzn.to/3wY1MFX
Atomic Habits — https://amzn.to/2Ra5NnF
Thinking Fast and Slow — https://amzn.to/3dq37e8
Nudge — https://amzn.to/34IHGDe
Noise — https://amzn.to/3yYf32T

Links From Today’s Episode:
Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/t....
Rational Reminder Website — https://rationalreminder.ca/
Follow us on Twitter -   / rationalremind  
Follow us on Instagram - @rationalreminder
Benjamin on Twitter —   / benjaminwfelix  
Cameron on Twitter —   / cameronpassmore  
Choiceology Podcast — https://www.schwab.com/resource-cente...
'What Does Nevada’s $35 Billion Fund Manager Do All Day? Nothing' — https://www.wsj.com/articles/what-doe...
'The runaway costs, ill-defined risks and mediocre returns of the CPP’s investment strategy'
— https://www.theglobeandmail.com/opini...
'The Value Premium' — https://onlinelibrary.wiley.com/doi/f...
'Model Selection with Transaction Costs' — https://papers.ssrn.com/sol3/papers.c...
AVUV — https://www.avantisinvestors.com/cont...
Do Stocks Outperform Treasury Bills? — https://papers.ssrn.com/sol3/papers.c...