eschivo / the-word-of-ben-felix

The word of Ben Felix

This repository would be a reference for all the Ben Felix videos. I keep here all the links to every paper cited by Ben in his videos with a summary of the video itself.

I'm binge-watching the videos at the time, so new entries are added in no particular order as soon as I watch a video.

2018

Why Not All Index Funds Are Created Equal | Common Sense Investing

ETFs have become a business, so sector ETFs, smart beta ETFs and equally weighted ETFs are born. In reality, these products don't deliver their promises but have higher fees. Even smart beta ETFs that track those stocks that can lead to better returns based on well-researched factors don't reach their objective. In conclusion, for the vast majority of people, market capitalization-weighted, total market ETFs are the best choice.

Cited papers:

• The Cross-Section of Expected Stock Returns by Eugene Fama & Kenneth French:
• On Persistence in Mutual Fund Performance by Mark Carhart
• The Other Side of Value by Robert Novy-Marx
• Long Term Capital Budgeting by Yaron Levi and Ivo Welch