Disclosure: My employer is a partner of Research Affiliates, and I am a staunch believer in the Fundamental Index® methodology.
Research Affiliates has posted some great videos for those who are interested in the academia of investing. It’s certainly not for everyone, but when either of these guys speak, I listen intently. The brain power in that room is off the chart. Harry Markowitz is a legend, a Nobel Laureate in fact. And Robert Arnott is no slouch either, having received five Graham and Dodd Scrolls to mention but the tip of the iceberg of his accomplishments.
In this series of five videos, they muse about the following topics:
- Did diversification fail?
- The Capital Asset Pricing Model (CAPM)
- The Efficient Market Hypothesis
- Harry’s Heroes
- The Fundamental Index Approach
I’ll stress that the videos don’t explain these topics on a beginner level, but rather they focus on some food for thought pertaining to these subjects. A fairly good grasp of these concepts is required to really benefit from watching the material.