Articles

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• Active vs. Passive Management

  • by Rex A. Sinquefield
    October 1995

    A transcript of Rex Sinquefield's opening statement in a debate about active vs. passive management with Donald Yacktman at the Schwab Institutional conference in San Francisco, October 12, 1995.

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• The Dimensions of Stock Returns: 2007

  • by Truman A. Clark
    September 2007

    In his most recent update on the size and value effects, Truman Clark explains the advantages of seeking exposure to these risk dimensions through core equity strategies.

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• Explaining Stock Returns: A Literature Survey

  • by James L. Davis
    December 2001

    Some of the important financial theories underlying the behavior of stock returns are summarized. Results of several empirical studies into these theories are also described.

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• The New Indexing

  • by Eugene Fama Jr.
    July 2000

    Old-school indexers claim that holding anything beyond the market portfolio is akin to stock picking. But market risk is only one factor driving returns, and an index fund that takes advantage of other dimensions of risk is not betting—it's the new face of indexing.

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• DFA Funds Hard to Buy, Easy to Own

  • by Timothy Middleton, CNBC
    June 2002

    Strict professional criteria make it difficult for most investors to buy DFA funds. But those who do invest benefit from the firm's disciplined approach.

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• Reading the Index to Beat the Index

  • by Howard Isenstein, The New York Times
    January 2004

    Dimensional is a money manager that is neither an active manager nor an indexer. Everyone from the portfolio manager to the client must be disciplined in his or her approach, reducing trading and rebalancing costs.

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• Diversification, Low Portfolio Turnover Key to Tax-Efficient Investing

  • by Crystal Detamor-Rodman, AIMR
    May 2002

    A tax-efficient strategy begins with a broadly diversified portfolio. From there, it's critical to keep turnover low and minimize the impact of capital-gains tax and dividend-income tax.

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• Interview with Gene Fama Jr.

  • by David Chaplin, IFA Magazine
    February 2003

    The Australian magazine IFA interviewed Gene Fama Jr. on topics from efficient markets to the emergence of fee-only financial advice. He gives a snapshot of Dimensional's philosophies, and explains how the firm interprets the latest market volatility.

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