MI265: How to Be a Successful Investor Without Picking Winners w/ Larry Swedroe

<p>Rebecca brings back Larry Swedroe. Together they talk about why generating alpha is becoming more difficult, how competition is a significant factor in its decline and much more!</p><p>Larry Swedroe is head of the financial and economic research office for Buckingham Wealth Partners,&nbsp;a Registered Investment Advisor firm in St. Louis, Mo.&nbsp;Previously, Larry was vice chairman of Prudential Home Mortgage. Larry holds an MBA in finance and investment from NYU, and a bachelor’s degree in finance from Baruch College.</p><p><br></p><p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><p><br></p><p>00:00 - Intro</p><p>01:43 - The difference between Alpha vs Beta.&nbsp;</p><p>09:39 - Why is the ability to generate alpha shrinking.</p><p>15:01 - How competition has played an increasing role in reducing alpha over time.&nbsp;</p><p>22:56 - What would happen if everyone went passive.</p><p>30:18 - Larry’s perspective on concentration vs diversification.&nbsp;</p><p>37:29 - Why good businesses are not as good investments.&nbsp;</p><p>59:15 - Should investors prefer dividend paying stocks over non-dividend paying stocks.</p><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Check out Larry’s Book: <a href="https://www.amazon.com/Guide-Winning-Investment-Strategy-Youll/dp/0312339879?crid=JJMWHBZKGHR9&amp;keywords=Larry+Swedroe&amp;qid=1668009275&amp;s=books&amp;sprefix=larry+swedroe%2Cstripbooks-intl-ship%2C198&amp;sr=1-7&amp;captcha_verified=1&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=ef69ad85dc1d1bd3b1b166fce6763b0b&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank"><strong>The Only Guide to a Winning Investment Strategy You'll Ever Need</strong></a><strong>&nbsp;</strong></li><li>Check out Larry’s Book: <a href="https://www.amazon.com/Think-Invest-Like-Warren-Buffett/dp/0071809953?crid=21H1VCWU9GYXR&amp;keywords=Think%2C+Act%2C+and+Invest