The big payoff for asset class diversification

Paul was interviewed by  Rick Ferri , the host of  Bogleheads on Investing , on Feb. 3, 2020. During and after the recording, scores of questions and comments were written at the  Bogleheads chatroom. This podcast is Paul's reply to a number of the topics discussed with Rick and the questions and comments, broken into two sections.

The first section focuses on the basic difference between the investment beliefs of John Bogle and Paul Merriman or, more appropriately, of Gene Fama and Kenneth French, the academics responsible for most of the early work on  “factor” investing.

The second section is Paul’s responses to many of the comments and questions posted on the  Boglehead Forum  after the interview aired with Rick Ferri.  These questions centered on small cap and value premiums, buy and hold vs. market timing, pros and cons of simple vs. complex strategies, how aggressive young investors should be, and Paul’s claim to making over 30% a year for 30 years. He also discusses the things he and Bogle totally agreed worked in the best interest of investors.

The  Bogleheads®  motto is  Investing Advice Inspired by Jack Bogle. We, at  The Merriman Financial Education Foundation , are part of his campaign " to give ordinary investors a fair shake. ” The site consists of  this wiki  and the  Bogleheads® forum , both built by volunteers dedicated to helping people begin or improve their investing by applying our investing principles. They even built a page for Paul’s book,  Live It Up Without Outliving Your Money.

Also related to this podcast:

Rick Ferri’s  “Core-4” website

Article and Tables:  90 Years of Performance

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