Why Smart Beta Funds are BS
Wall Street overpromises and under delivers, yet again.
Here’s a paradox I’ve been thinking about lately…
On one hand, “beating the market” consistently is one of the world's most challenging puzzles.
On the other, there are hundreds of academic papers that claim to have solved that puzzle.
Study these papers, and you’ll find dozens of strategies that outperform the market over time.
What’s more, savvy exchange-…