In Episode 2 of the Rational Reminder podcast we discussed the following: The underperformance of value stocks Are we in a Winner Take All market? Facebook’s crash Global value performance Canadian value premium at ~+5.5% Rebalancing into the pain Factor diversification Having a philosophy and sticking with it Index fund flows are slowing down in the US Canadian active funds are still dominating passive ETFs Markets are still efficient Deciding to be an index investor takes work Fewer highly skilled active managers make markets more efficient Canadians might need to buy real estate to retire Doctors were sold out by MD Management Should you listen to the yield curve? Michael Batnick’s chart crimes DFA’s weights vs. the S&P 500 weights Links From Today's Episode: Rational Reminder Website - https://rationalreminder.ca/podcast/2 Don’t cry over underperforming US value stocks - https://www.pwlcapital.com/en/Advisor/Ottawa/Cameron-Passmore/Advisor-Blog/Cameron-Passmore/July-2018/Don-t-cry-over-underperforming-US-value-stocks O’Shaughnessy Quarterly Investor Letter Q2 2018 - http://www.osam.com/Commentary/osam-quarterly-investor-letter-q2-2018 Index Funds Are Going to Be Just Fine - https://www.bloomberg.com/view/articles/2018-07-18/slower-inflows-to-passive-funds-don-t-signal-investor-discontent The growth of index investing has not made markets less efficient - https://www.economist.com/finance-and-economics/2018/07/05/the-growth-of-index-investing-has-not-made-markets-less-efficient People Aren’t Dumb. The World Is Hard. - http://freakonomics.com/podcast/richard-thaler/ Many doctors feel “betrayed” by sale of MD Financial Management - http://www.cmaj.ca/content/190/25/E776 Earth to investment advisers: You’re blowing it with millennials - https://www.theglobeandmail.com/investing/markets/inside-the-market/article-millennials-slow-to-enter-investment-market-according-to-study/ Arguing with the Yield Curve - http://awealthofcommonsense.com/2018/07/arguing-with-the-yield-curve/ Visit https://rationalreminder.ca for more Rational Reminder audio podcast episodes. Follow Ben's YouTube channel: 📈 https://youtube.com/benfelixCSI Follow Ben and Cameron on Twitter: Ben: https://twitter.com/benjaminwfelix Cameron: https://twitter.com/CameronPassmore For more information visit PWL Capital: https://www.pwlcapital.com/teams/passmore-felix/?utm_source=rryoutube&utm_medium=description&utm_campaign=videos&utm_content=podcast Read more investing insights from the Passmore-Felix Team at PWL Capital. https://www.pwlcapital.com/teams/passmore-felix/?utm_source=youtube&utm_medium=copy&utm_campaign=rr&utm_content=rrvideo