Show Notes
Episode 18: Are you spooked by stock market headlines? When investors look back at market history, they'll find a grotesquely gory list of horrible headlines. "The Death of Equities" (1982), "Apocalypse Soon" (1993), and "The End Is Near" (2018) are just three examples. Several other hair-raising headlines probably had many investors hunting for monsters under the bed. But here's the thing: More often than not, these headlines turned out to be horrendously off-base. For the record, a long bull market began in 1982. The 1990s delivered huge gains. And during the five years from 2018 to 2023, a period that included the pandemic, the S&P 500 climbed more than 50%. No investor can be faulted for reacting emotionally to scare stories about the market or the economy. But it's important to separate your fears from your approach to money management. In honor of Halloween, Episode 18 of the "The Informed Investor" podcast with Dimensional's Mark Gochnour, Head of Global Client Services, Wes Crill, PhD, Senior Client Solutions Director, and Jake DeKinder, Head of Client Communications, digs up some ghastly stock market stories from history's graveyard and offers some perspective on how to cope with nerve-racking news. Source: S&P data © 2025 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved. Indices are not available for direct investment. LINKS FROM TODAY'S EPISODE: "The Grumpy Economist" on Growth, Tariffs, and the Fed WITH JOHN COCHRANE Tuesday, November 11, 1 pm CT REGISTER: https://event.webcasts.com/starthere.jsp?ei=1736505&tp_key=1cdc223812 The Informed Investor on YouTube https://www.youtube.com/playlist?list=PLCyJr6FFig-h1mA7rVP7Mbk0irFw2wA90 Mark Gochnour on LinkedIn https://www.linkedin.com/in/mark-gochnour-9a23598a/ Wes Crill on LinkedIn https://www.linkedin.com/in/wes-crill-77a49417/ Jake DeKinder on LinkedIn https://www.linkedin.com/in/jake-dekinder-cfa-4105b98/ Learn more at https://www.dimensional.com/
More from The Informed Investor
Episode 61: The allure of index funds, such as broad diversification, low costs, and market-matching returns, may seem undeniable. But recent "reconstitution" in the indexes tracked by such funds tells a different story—one every investor should understand.
Episode 60: Every two years, millions of investors probably ask themselves (and their advisors) whether looming elections demand changes to their investment portfolios. It's an understandable sentiment—and one that demands discussion. But the most important conclusion from these conversations should never change: Since the data doesn't show any strong connection between election results and stock market performance, it's best to vote with your ballot, not your portfolio. No matter how you slice, dice, or take a hatchet to the data, factor in your own political proclivities, or scream about what you think is totally wrong or right about the candidates, market prices have already incorporated all that information (and thousands of other developments, including numerous economic indicators) as investors consider what to do next. This is a well-researched theory of how capital markets work. The implication is that the stock market doesn't really care what you think about this year's midterm elections or the next presidential horse race. Need supporting evidence? Fourteen of 17 presidential terms since 1929, across administrations with both Democratic and Republican chief executives, ended with positive returns for the S&P 500 Index. (S&P data © 2026 S&P Dow Jones Indices LLC, a division of S&P Global.) Investors shouldn't ignore elections, of course. But their portfolios may benefit from standing pat as politics rile and emotions rock and roll. In Episode 60 of The Informed Investor podcast, Dimensional's Mark Gochnour, Head of Global Client Services, Wes Crill, Senior Client Solutions Director, and Jake DeKinder, Head of Client Communications, interrogate common myths about the impact of elections on markets and offer sensible answers as investors head to the polls. LINKS FROM TODAY'S EPISODE: "Stay Calm: Learn to Embrace Uncertainty in Investing and Life" Order the new book by Dimensional Founder David Booth https://www.amazon.com/gp/product/B0GPDHGH8K/?maas=maas_adg_2F97289929AB0BA26D806A1F81D55D66_afap_abs&ref_=aa_maas&tag=maas&smid=ATVPDKIKX0DER Subscribe to the Stay Calm Investing Newsletter https://www.staycalminvesting.com/newsletter?utm_source=youtube&utm_medium=organic&utm_campaign=informed_investor The Informed Investor: Feedback Survey https://www.dimensional.com/us-en/informed-investor-survey?utm_source=youtube&utm_medium=organic&utm_campaign=informed_investor "The Informed Investor" on YouTube The Informed Investor - YouTube Dimensional Fund Advisors Shorts on YouTube https://www.youtube.com/@dimensionalfundadvisors/shorts Mark Gochnour on LinkedIn https://www.linkedin.com/in/mark-gochnour-9a23598a/ Wes Crill on LinkedIn https://www.linkedin.com/in/wes-crill-77a49417/ Jake DeKinder on LinkedIn https://www.linkedin.com/in/jake-d-4105b98/ Learn more at https://www.dimensional.com/?utm_source=youtube&utm_medium=organic&utm_campaign=informed_investor For US audiences: Select videos are available as part of an opportunity for CFP® and Investments & Wealth Institute® professionals to earn continuing education (CE) credits https://www.dimensional.com/financial-professionals/ce-credit-experience-d360?utm_source=youtube&utm_medium=organic&utm_campaign=informed_investor
Episode 59: What happens when you rethink how financial advice is delivered—and how an industry comes together?
Episode 58: Any financial professional who joined the industry a week after Black Monday—when the stock market suffered its biggest single-day loss—knows something about investment discipline.
Episode 57: How much of your portfolio should really be invested in alternatives? For ultra-high-net-worth investors and families, alternative investments have long been viewed as a path to diversification, exclusive access, and potentially higher returns. But are they always worth the complexity, illiquidity, fees, and taxes that come with them? We take a critical look at the world of alternatives—from hedge funds, private equity, and venture capital to private real estate and other non-public investments. We explore where returns actually come from, looking at the impact of enterprise risk, financial engineering, and manager skill, and examine whether those sources of return truly justify the additional costs and complexity. We also discuss the role of liquidity, diversification, taxation, manager selection, and investment purpose when evaluating alternatives. Are private investments genuinely less volatile, or do appraisal-based valuations simply make them look that way? And as access expands beyond institutions and ultra-wealthy families into vehicles such as 401(k) plans, are investors really gaining access to the same opportunities? Finally, we look at one of the original homes of alternative investing: endowments. If institutions with long time horizons, sophisticated investment teams, and access to top-tier managers have not consistently outperformed comparable public-market portfolios, what should individual investors conclude? In Episode 57 of The Informed Investor, Dimensional's Mark Gochnour, Head of Global Client Services, sits down with Jeff Coyle, founder and CEO of Libretto. The takeaway: Alternatives aren't inherently good or bad—they need to be deconstructed, evaluated, and compared against the public markets with a clear understanding of where the return comes from and what you're paying to get it. LINKS FROM TODAY'S EPISODE: Subscribe to the Stay Calm Investing Newsletter https://www.staycalminvesting.com/newsletter?utm_source=youtube&utm_medium=organic&utm_campaign=informed_investor The Informed Investor: Feedback Survey https://www.dimensional.com/us-en/informed-investor-survey?utm_source=youtube&utm_medium=organic&utm_campaign=informed_investor "The Informed Investor" on YouTube The Informed Investor - YouTube Dimensional Fund Advisors Shorts on YouTube https://www.youtube.com/@dimensionalfundadvisors/shorts Mark Gochnour on LinkedIn https://www.linkedin.com/in/mark-gochnour-9a23598a/ Jeff Coyle on LinkedIn https://www.linkedin.com/in/jeffcoylelibretto Learn more at https://www.dimensional.com/?utm_source=youtube&utm_medium=organic&utm_campaign=informed_investor For US audiences: Select videos are available as part of an opportunity for CFP® and Investments & Wealth Institute® professionals to earn continuing education (CE) credits https://www.dimensional.com/financial-professionals/ce-credit-experience-d360?utm_source=youtube&utm_medium=organic&utm_campaign=informed_investor