How to Win the Loser's Game

A full-length documentary, How to Win the Loser's Game provides ordinary investors with the information they need, and challenges the investing industry to offer consumers a fairer deal.

In the final video in this series, we explore how the investment industry needs to change if it’s to serve investors better, and make a more valuable contribution to the economy and to society.

Investing passively will ensure that, after costs, you outperform the average active investor. That’s simple arithmetic. But there is a proviso. You must have the discipline to stay the course.

Indexing is the best option for the vast majority of investors. But is there ever a case for choosing an actively managed fund?

The academic evidence points overwhelmingly to indexing being the best way for the vast majority of people to invest. The next key question is what type - or types - of index funds should we invest in?

All the evidence points to the humble index fund being the most appropriate investment vehicle. And there are few advocates of indexing as staunch as Warren Buffett - the most famous active stock picker of all.

Spreading your risk across different regions and asset classes remains a crucial part of successful investing. Part 5 examines Modern Portfolio Theory and the common factors that drive market returns.

In search of a better way to invest, we travel to Paris and Chicago to examine the work of Professor Eugene Fama and French mathematician Louis Bachelier.

Part 3 of this documentary on evidence-based investing looks at the dismal performance record of actively managed funds.

In part 2 of this landmark documentary, we focus on the cost of investing.

Most of what we see and hear about how to invest comes from either the fund industry or the financial media - both of which have their own agendas. Nine months in the making, this landmark documentary is an attempt to redress the balance.

Journalists have a critical role to play in providing investors with useful and un-conflicted information. But with the media bias towards active funds, they have failed the consumer. It's time for change, argues Robin Powell.