How Markets Really Work
Larry Swedroe Overview:
Most of what investors think they know about how markets set prices is incorrect, leading to poor investment decisions. This presentation explains in simple terms using analogies to sports betting to make clear how markets price and the relationship between risk and expected return.
Why you should Attend:
Investors interested in learning how markets set prices, the relationship between risk and expected returns and the very important difference between information (which is worthless) and value added information. It will change forever the way you think about how stocks are priced and learn why it is so difficult to outperform by picking stocks or timing the market. Using stories and analogies investors will learn how markets set prices, the difference between great companies and great investments, the relationship between risk and return, and why it is so difficult to outperform the market.
Areas Covered in the Session:
- The analogy between sports betting and stock prices will teach how stock prices are set and the relationship between risk and expected return
- The difference between great companies and great investments
- Why even leading professionals and institutions have such a difficult time outperforming simple index benchmarks and why investors should avoid trying to outperform by individual stock selection and market timing
Who Will Benefit:
- All Investors and investment Advisors
Speaker Profile
Larry Swedroe Since joining the firm in 1996, Larry Swedroe has spent his time, talent and energy educating investors on the benefits of evidence-based investing with enthusiasm few can match.
Larry was among the first authors to publish a book that explained the science of investing in layman’s terms, “The Only Guide to a Winning Investment Strategy You’ll Ever Need.” The second edition was published in 2005. He has since authored eight more books: “What Wall Street Doesn’t Want You to Know” (2001), “Rational Investing in Irrational Times” (2002), “The Successful Investor Today” (2003), “Wise Investing Made Simple” (2007), “Wise Investing Made Simpler” (2010), “The Quest for Alpha” (2011), “Think, Act, and Invest Like Warren Buffett” (2012) and Enrich Yourself (2024).
He has also co-authored nine books about investing: “The Only Guide to a Winning Bond Strategy You’ll Ever Need” with Joe Hempen (2006); “The Only Guide to Alternative Investments You’ll Ever Need” with Jared Kizer (2008); “The Only Guide You’ll Ever Need for the Right Financial Plan” with Kevin Grogan and Tiya Lim (2010); “Investment Mistakes Even Smart People Make with RC Balaban (2012); “Reducing the Risk of Black Swans with Kevin Grogan (2014, second edition 2018); “The Incredible Shrinking Alpha” with Andrew Berkin (2015, second edition 2020); “Your Complete Guide to Factor-Based Investing” with Andrew Berkin (2016); “Your Complete Guide to a Successful and Secure Retirement” with Kevin Grogan (2019, second edition 2021); and “Your Essential Guide to Sustainable Investing” with Sam Adams (April 2022)..
Larry’s dedication to helping others has made him a sought-after national speaker. He has made appearances on national television shows airing on NBC, CNBC, CNN and Bloomberg Personal Finance. Larry is a prolific writer, contributing regularly to multiple outlets, including Morningstar, Wealth Management, The Evidence Based Investor, Financial Advisor, Alpha Architect, and Seeking Alpha.