Larry Swedroe

More From Larry Swedroe

Do Simple Stock-Picking Formulas Still Work?

Popular quantitative formulas have delivered strong returns, but there is no one-size-fits-all investing solution.

Larry Swedroe Sep 4, 2025

How Private Equity Funds Understate the Risk in Their Investments

A closer look at “volatility laundering” in private equity, and how investors should account for it.

Larry Swedroe Aug 28, 2025

Price Primarily Predicts Future Returns, Not Future Earnings Growth

Investors should look beyond growth forecasts, study suggests.

Larry Swedroe Aug 14, 2025

If Active Investing Is the Loser’s Game, What’s the Winner’s Game?

Disciplined, low-cost, and diversified investing offers a smarter path to long-term success.

Larry Swedroe Jul 24, 2025

Is the Exceptional Performance of US Stocks Sustainable? Key Takeaways for Investors

New research finds that valuation expansion—not stronger fundamentals—has fueled US stocks’ dominance since 2008.

Larry Swedroe Jul 18, 2025

Can Machines Beat Humans at Investing?

A study finds no clear winner but plenty of insights for investors.

Larry Swedroe Jul 10, 2025

Passive Investing Is Fueling the Rise of Mega-Firms. That Could Affect Your Portfolio in Unexpected Ways

The surge in passive investing doesn’t just mirror the market—it shapes it, creating new risks and opportunities.

Larry Swedroe Jun 26, 2025

Analyst Optimism Explains the Excess Volatility Puzzle

Forecasts of a firm’s long-term earnings growth are often too high.

Larry Swedroe Jun 12, 2025

Broadly Syndicated Loans Versus Private Credit: Are Loans to Larger Companies Less Risky?

Conventional wisdom is not supported by the evidence.

Larry Swedroe May 21, 2025

Persistence of Performance in Private Equity

Reputational advantages give some venture capital firms an edge.

Larry Swedroe May 7, 2025

Private Equity Still Presents Attractive Opportunities for Investors

A confluence of factors supports private equity.

Larry Swedroe May 1, 2025

Liquidity Risks of Real Estate Interval Funds

How interval and tender-offer funds provide a liquidity transformation service.

Larry Swedroe Apr 17, 2025

How Sustainable Is US Exceptionalism?

For 17 years, US stocks have soared past global markets. Will changing global conditions shift the balance?

Larry Swedroe Mar 26, 2025

You Might Think Industry Growth Drives Stock Returns. Here’s Why You’d Be Wrong

Investors, take note: Abnormal growth in earnings is neither persistent nor predictable.

Larry Swedroe Mar 12, 2025

Is Asset Growth an Appropriate Measure of Investment?

A new study challenges the foundation of popular asset pricing models.

Larry Swedroe Feb 26, 2025

Why Total Shareholder Yield Matters More Than Dividends

Dividends are just a tax-inefficient way to return capital to shareholders.

Larry Swedroe Feb 13, 2025

US Stocks Have Outperformed the World. History Shows That Success Can Be Fleeting

Why the most prudent strategy for investors is to diversify globally.

Larry Swedroe Jan 23, 2025

Private Credit: Avoid This Common Asset-Allocation Mistake

Looking to CCLFX for lessons on portfolio risk, returns, and tax efficiency.

Larry Swedroe Jan 9, 2025

The Benefits of Evergreen Interval Funds

Structure provides the liquidity that private vehicles lack.

Larry Swedroe Dec 26, 2024

What a Government Shutdown Would Mean for Stocks

Expect portfolio volatility during the debt battle in Congress.

Larry Swedroe Dec 20, 2024

Should Investors Avoid Active Funds?

Why every quest to predict the winners has failed.

Larry Swedroe Dec 12, 2024

How to Find and Capitalize on Asset-Pricing Anomalies

Faster computers enable arbitragers to uncover asset-pricing anomalies and exploit them.

Larry Swedroe Nov 27, 2024

Why Private Direct Lending Is an Attractive Alternative to Public Securities

A different way to gain access to the corporate debt risk premium.

Larry Swedroe Nov 14, 2024

What Stock Analysts and Investors Are Getting Wrong About the Market

The market consistently overestimates the persistence of company’s ability to grow.

Larry Swedroe Oct 24, 2024

The Stocks That Could Benefit From Falling Interest Rates

Research shows small-value stocks have outperformed the market.

Larry Swedroe Oct 10, 2024

Can AI Predict Future Stock Returns?

Artificial intelligence can outperform human analysts. But together, they prove hard to beat.

Larry Swedroe Sep 26, 2024

When You Should Invest More in Alternatives

Innovation and lower fees make alternatives a better option for retail investors.

Larry Swedroe Sep 12, 2024

Is the Era of Dormancy for Japanese Stocks Over?

Corporate activism is driving change in Japan, and so far it’s paying off.

Larry Swedroe Aug 21, 2024

Don’t Let Recency Bias Lead You Astray

If you’re considering a mega-cap highflyer, it’s probably too late.

Larry Swedroe Aug 8, 2024

P-CAPE: A Better Way for Investors to Estimate Future Returns

New tool improves on the CAPE 10—when used correctly.

Larry Swedroe Jul 24, 2024

Larry Swedroe is the author or coauthor of 18 books on investing. His latest is “Enrich Your Future: The Keys to Successful Investing.” He holds an MBA in finance and investment from New York University and a bachelor's degree in finance from Baruch College in New York.