Mark Hebner

Founder and CEO of and

[Mark Hebner @mark_hebner]

Here is a very nice summary, by @RobinJPowell, of the 20th anniversary and 10th edition of my book Index Funds: The 12-Step Recovery Program for Active Investors. It is the treatment of choice for active investors.

[Mark Hebner @mark_hebner]

It's the year 1200. You're a merchant in Pisa — one of the busiest ports in the Mediterranean. You need to split a shipment of pepper between three buyers, convert Florentine coins to Genoese pounds, and calculate your profit before the tide turns.
Your tools? Roman numerals.
Try multiplying XLVII by CCIX.
Before Fibonacci, Europe was stuck. Roman numerals worked fine for carving dates into marble. But for commerce — for the messy, high-stakes arithmetic of medieval trade — they were nearly useless. There was no zero. No place value. Multiplying large numbers required a physical abacus and years of training.

[Mark Hebner @mark_hebner]

@cb_doge in history… period.

[Mark Hebner @mark_hebner]

A new video series from https://t.co/WUMIJd65u4, Pioneers of Probability. First on the list is Fibonacci (more here: https://t.co/wGj2fo24KV):

[Mark Hebner @mark_hebner]

@Math_files

[Mark Hebner @mark_hebner]

@Carl_Fr_Gauss

[Mark Hebner @mark_hebner]

@IFAdotcom Here is the whole series of 13 videos on academic papers. https://t.co/YEwSPbDWiC

[Mark Hebner @mark_hebner]

@0xMovez Need a Galton Board as educational tool for probably https://t.co/YpPnyy3MqL

[Mark Hebner @mark_hebner]

@0xMovez

[Index Fund Advisors @IFAdotcom]

The Papers that Changed Investing: Value vs Growth: The International Evidence

It's 1998. The Clinton impeachment proceedings grip Washington, the European Central Bank is established and eleven nations are selected to adopt the Euro as their single currency, and two Stanford PhD students launch a search engine called Google.

Meanwhile on Wall Street, the dot-com frenzy is building. Tech stocks with no earnings are minting millionaires. Growth is everything. Old-economy value stocks — the cheap, beaten-down companies — are being left behind.

But two economists have just published evidence that those unloved stocks had been quietly outperforming in markets right across the globe.

Their paper: "Value Versus Growth: The International Evidence." Its authors: Eugene Fama and Kenneth French.

Welcome to The Papers That Changed Investing. https://t.co/AZHlNstlUX

DISCLOSURES:

This video is for informational purposes only and does not constitute a solicitation or recommendation to buy or sell any security or investment product. The findings presented are based on peer-reviewed academic research and are intended for educational purposes only. Past performance is not a guarantee or reliable indicator of future results. The historical return data referenced in this video — including the 7.60% annual value premium — reflects a specific study period from 1975 to 1995 and should not be interpreted as a forecast of future returns. Investing involves risk, including the possible loss of principal. Some content in this video was generated with the assistance of artificial intelligence. Index Fund Advisors, Inc. is a registered investment advisor. For additional information about IFA, please visit https://t.co/QpPo0HuM14 or https://t.co/CfVHRodFkV.

[Mark Hebner @mark_hebner]

@0xMovez This is the Pioneers of Probability Coin Series. Still in development. What do you think?

[Mark Hebner @mark_hebner]

@codek_tv He’s right in the middle of the Pioneers of Probability.

[Mark Hebner @mark_hebner]

@Riazi_Cafe_en Reverse:

[Mark Hebner @mark_hebner]

@Riazi_Cafe_en IFA MarketCoin: Pioneers of Probability Series (5 more in development)

[Mark Hebner @mark_hebner]

@GhostNg42677 @Math_files How so? It is the reason investors should not be active investors. If someone thinks random variables provide an investment strategy, they must be new. Because short term chaos leads to long term order, investors should diversify over assets and time.

[Mark Hebner @mark_hebner]

@Math_files Finally, you can get a physical Galton Board here https://t.co/UWKT3G7ZLq

[Mark Hebner @mark_hebner]

@Math_files See the creation of a normal distribution on a free Galton Board app that includes gyrometer features. Search Index Fund Advisors in Apple and Google app stores.

[Mark Hebner @mark_hebner]

@Math_files I am working on a series of 18 coins based on the Pioneers of Probability. This is an early draft that included stock market references, which we have now taken out. What do you think of this idea?

[Index Fund Advisors @IFAdotcom]

When your 401(k) drops, every instinct says something's broken. But what if volatility isn't the only risk investors should worry about?

#Investing #MarketVolatility #LongTermInvesting

For informational purposes only. Not investment advice.

[Mark Hebner @mark_hebner]

@scievision369 1 of 18 coins I am developing for my Statistician Series

[Mark Hebner @mark_hebner]

@Math_files