All articles from Larry Swedroe
The Hidden Risk on Company Balance Sheets
Firms loaded with goodwill and intangible assets have quietly underperformed.
Understanding How Past Returns Drive Trading Volume—and What It Means for Your Portfolio
Wen-I Chuang, Yun-Huan Lee, Rauli Susmel, and Tsung-Li Wang, authors of the January 2026 study “Investors’ Trading on Past Returns and their Trading Impact on Stock Returns,” shed light on the questio
Why the Private Credit Boom Isn’t the Next 2008
For all the anxiety in the financial press about private credit — especially amid a spate of redemption headlines — much of the commentary overstates the systemic risk.
Cracking the Code: A Quantitative Approach to Biotech Investing
Biotech investing has always been treacherous terrain—and for good reason.
Momentum Trading Meets AI
What Works and What Doesn’t
Understanding What Really Drives Expected Investment Returns
New Insights from Institutional Investors
Private Credit Under the Microscope: How to Evaluate the Recent Coverage of Cliffwater’s CCLFX
A framework for separating fact, context, and legitimate concern
First Quarter 2026 Economic & Market Review and Outlook
Global markets opened 2026 confronting a sobering macro shock: the Iran war.
Alpha Isn’t Dead. You’ve Just Been Measuring It Wrong
New research shows smarter portfolio construction—not new factors—is the real edge.