Welcome to the Puget Sound Chapter of the
American Association of Individual Investors
We are a grassroots, nonprofit organization with a mission to provide honest, unbiased investment information to individual investors in the Puget Sound area.
We are managed by a board of directors that is entirely made up of volunteers. We sponsor an educational seminar in every odd-numbered month. Members, their guests and non-members attend our seminars.
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Our next seminar:
The Incredible Shrinking Alpha
December 10, 2020 from 5:00 pm to 6:30 pm
In 1998, Charles Ellis in his book “Winning the Loser’s Game” presented evidence that while it is possible to generate alpha and win the game of active management, the odds of doing so are poor and it’s not prudent to try. Like taking chances at the craps table, roulette wheel, and slot machine, the surest way to win a loser’s game is to choose not to play. In investing, that means investing in the passively managed index funds. In his presentation, Larry will explain how several factors are contributing to active management becoming a loser’s game and why it will become even more difficult to outperform the market in the future.
ABOUT THE PRESENTERSince joining The BAM Alliance in 1996, chief research officer Larry Swedroe has spent his time, talent and energy educating investors on the benefits of evidence-based investing with enthusiasm few can match. He was among the first authors to publish a book that explained the science of investing in layman’s terms, “The Only Guide to a Winning Investment Strategy You’ll Ever Need.” He has co-authored eight books about investing. His latest work, “Your Complete Guide to a Successful and Secure Retirement,” was co-authored with Kevin Grogan and published in January 2019. Larry has made appearances on NBC, CNBC, CNN and Bloomberg Personal Finance. He contributes regularly to multiple outlets, including ETF.com and Advisor Perspectives. He holds an MBA in finance and investment from New York University, and a bachelor’s degree in finance from Baruch College in New York.
Attend this seminar to learn:
- Academic research has been converting what was once alpha into beta
- The pool of victims that can be exploited has been shrinking
- The competition has been getting tougher
Meeting Location:This will be an online meeting. Register at aaiips.eventbrite.com to receive the meeting link. Please enter a donation — as much as you can — The more you contribute, the better the speakers we can bring you.
If you choose not to donate to this online event and wish to have a link emailed to you instead, please send an email to email@example.com
Please preregister 48 hours before the event to give us an estimated headcount.
If you would rather not pay with a credit card, you can register by mail.
9:15 a.m. — Online link becomes live
9:30 a.m. — Presentation begins
11:30 a.m. — Adjournment
Open to the public. AAII membership is not required to attend.
Please send a contribution of ANY AMOUNT of your choice for each person who will attend. The more you contribute, the better speakers we can bring you. Contact us at least 24 hours prior to the seminar for a full refund.
The opinions of speakers are their own and not necessarily those of AAII. It is not the policy of AAII or its local chapters, officers, or directors to promote any specific investments or techniques of analysis. Presentations are provided solely for informational purposes and should not be construed as solicitations. There are no representations or warranties of any kind, expressed or implied, about the completeness, accuracy, reliability, or suitability of meeting information. Investment information presented may not be appropriate for all investors and should be independently verified.
Special Interest Groups:
AAII Special Interest Groups (SIGs) are small gatherings sponsored by Local Chapters where members meet for general discussion or to explore a specific investment topic of interest to the group.
Chair: Jim Shaw
This discussion group meets in Bellevue or Mercer Island at 7 p.m. on the second Tuesday of each month (except in July and August). To receive a notice prior to each meeting, go to https://groups.google.com/g/aaiieastsidesig