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Stock Picking vs. Evidence Based Investing

Lots of people see investing as a hobby. Some of them, like my grandmother, are in investment clubs, where they talk about companies they like and buy and sell stocks. However, they rarely make any money from this. They buy high and sell low – seemingly at completely random times.

Today, we want to propose an alternative: what if people like my grandmother invested based on evidence, got great performance from their stocks, and came up with phenomenal returns?

On today’s episode of the Financial Detox Podcast, we discuss the common mistakes people make when buying stocks (or entrusting others to buy stocks for them), and how to build a portfolio designed to provide you with great returns, no matter what the market does.

In today’s conversation, here’s what you’ll learn:

  • Why conventional investing is basically random – and the reason so few hobbyist investors make any money from the stock market.
  • The reason hedge funds, which claim to be wiser than the market and highly sophisticated, mostly just charge you tons of fees without beating the benchmark.
  • Why small value stocks consistently outperform larger cap stocks.
  • The behaviors that consistently lead investors (and advisors) to make major mistakes – and how to avoid them.

Interview Resources

Transcript Available Here  


The content of this radio show is provided for informational purposes only and should not be considered investment advice or a recommendation to buy or sell any types of securities. Mr. Labrum and Intelligence Driven Advisers/Financial Detox are not responsible for the consequences of any decisions or actions taken as a result of information provided in this radio show and do not warrant or guarantee the accuracy or completeness of the information provided. The information discussed today reflects the views of Mr. Labrum and his guest(s) as of the date of this show and are subject to change without notice.Past performance is no guarantee of future results. Any forward looking statements or forecasts are based on assumptions and actual results may vary from any such statements or forecasts. No reliance should be placed on any statements or forecasts when making any investment decision. Accordingly, listeners should not rely solely on the information provided today in making any investment decision.There is a risk of loss from investing in securities, including the risk of loss of principal. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable or suitable for a particular investor’s financial situation or risk tolerance. Asset allocation and portfolio diversification cannot assure or guarantee better performance and cannot eliminate the risk of investment losses.