Are You Focused On Outcomes Or Process?

I magine yourself as a new investor. Not quite ready to manage your own money, you decide to employ an “expert” at a nearby wealth management firm. When you arrive, you are told that you have two options of advisors. The first follows an evidence-based approach to investing, focusing on low-cost, passive management strategies with a focus on asset allocation appropriate to the client. The second has only been with the firm for a year...