Here you will be able to find communications from the RIM team as well as helpful resources and articles.
Reducing The Risk of Black Swans looks at how to go beyond just a stock/bond portfolio to reduce risk of major loss by taking exposure to other, uncorrelated risks. Investors would do well to gain exposure to time-tested risk-factors that are relatively uncorrelated to stocks such as value, small companies and momentum.
Clement seeks to simplify how we approach money. Money is confusing to many people, but at a basic level, building wealth is not complicated. “We save as much as we reasonably can, take on debt cautiously, limit our exposure to major financial risks, and try not to be too clever about our investing.” He gives five basic steps to make our money a source of satisfaction rather than an area of stress.
Key points: • Keep everything out of your head • Decide actions and outcomes when thing first emerge on your radar instead of later • Regularly review and update the complete inventory of open loops of your life and work
Prof. Adam Grant explores why people refuse to give up views that are incorrect and how we can do better. We cling to our familiar tools – assumptions, habits and instincts. Missing from our toolkit is an open mind.Thinking again takes humility, effort and training. It is not an easy mindset switch. It is worthwhile if we want to grow in wisdom and effectiveness. The appendix of the book gives action items for implementing the concepts discussed in the book.
“Thinking troubles us; thinking tires us. Thinking can force us out of the familiar, comforting habits. Thinking can complicate our lives. Thinking can set us at odds, or at least complicate our relationships with those we admire or love or follow. It is easier to agree with and pass along ideas that other people find agreeable than to do the work of thinking through whether they are correct, especially given the risk that the discovery of fallacy can put us at odds with others whose approval we intrinsically seek.”
Diversifying across multiple factors may be even more effective than asset class diversification. Recent academic research has led to an explosion of factors. Swedroe and Berkin try to narrow down this list, narrowing the “factor zoo” from six hundred purported factors to eight usable ones.