All articles from Larry Swedroe
Why Stocks Sometimes Fall for No Obvious Reason
A look at the hidden role of private markets in public stock volatility.
The Active vs. Passive Distinction Is Broken — And It Matters
Why lumping factor funds with stock-pickers distorts the scorecard and misleads investors
Beyond the Hype: How AI Adoption is Quietly Reshaping Corporate Efficiency
A look at new research connecting AI adoption to measurable productivity gains—and what it means for investors
Private Credit Risk: Look Past the Default Rate
Private credit has become one of the most talked-about corners of the market, but much of the discussion revolves around the wrong metric.
Why Momentum Investing Has Been Struggling—And What Volatility Has to Do With It
The Big Picture
After Brutal Run Of Underperformance, Is The Value Premium Back?
Brian Chingono’s March 16, 2016, Verdad research paper, “Hope Springs Eternal,” tackles an important question for value investors: after a brutal stretch of underperformance, is the value premium real
When Analysts Get It Wrong: Expectation Bias, Market Inefficiency, and What It Means for Investors
For decades, the efficient market hypothesis (EMH) has been the central pillar of modern finance, asserting that asset prices fully and immediately incorporate all available information.
Does Academic Research Actually Give Investors an Edge? A New Study Says Probably Not
What happens when researchers pit peer-reviewed finance studies against a simple computer search of economically meaningful accounting ratios?
Private Credit: The Market’s Quiet Stabilizer
The prevailing narrative in financial markets has painted nonbank lenders as procyclical actors who amplify credit booms, then retreat faster than traditional banks when conditions deteriorate.