Episode 346 - Hendrik Bessembinder: Why It's So Hard to Beat the Market

This is the Rational Reminder Podcast, a weekly reality check on sensible investing and financial decision making from two Canadians. We are hosted by me, Benjamin Felix. Chief Investment Officer at PWL Capital and Mark McGrath, Associate Portfolio Manager at PWL Capital. This is a good one. This is one I was really looking forward to. I think a lot of our listeners will know today's guest. I was looking forward to this one too. This is episode three hundred and forty six with Hendrick Bessenbinder.

Hank, as we called him during the conversation. But they know he is. They've heard me talk about them. I don't know.

You've talked about'em The paper that he wrote, the one major paper that got a ton of eyeballs was the Do stocks outperform treasury bills. Right. And I think some of the findings from that were so interesting to people, and especially the type of people that follow us or follow the Rational Reminder or in the community or follow your YouTube videos, they've probably come across at least some of the statistics that came out of this paper, even if they weren't familiar with the paper themselves. Yeah. It was a huge paper from the perspective of the asset management industry and four reasons that become pretty quickly obvious when you

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