I enjoyed reading the recent article and Blog written by Jason Zweig of the Wall Street Journal pertaining to Dimensional Fund Advisors (DFA). As a fan of Jason’s and his message I am a bit biased; however, I felt he captured the ethos of DFA with the quote from Ken French, “We don’t try to do magic. We’re doing engineering.”
As a long-time personal client of DFA, and as a firm where nearly $13 Billion dollars of our clients’ long-term investments are managed by DFA, we feel fortunate to have such a thoughtful approach to asset class construction. I believe their no-apologies approach to asset class construction has allowed us to increase our chance of building better portfolios for long-term investors.
I’d encourage you to read the following articles (subscription is required):
Making Billions With One Belief: The Markets Can’t Be Beat
Straight Talk from the Brainiacs at DFA