Evidence Based Investing
The Book
Evidence Based Investing
To Invest Well Over a Long-Term,
Sometimes You Have to First Survive the Short-Term
Evidence Based Investing is a both an introduction to active investment management as well as a challenge to the investment community. Hicks walks the reader through the rationale of why a truly active investment approach is more appropriate today than ever before. He also challenges the investment community to end their reliance on academic theories that history suggest are null and void.
Survive First
Too often, the investment community and financial media extol the virtues of “investing for the long term”. However, very rarely do either discuss the importance of surviving the short-term. Our nation’s history is replete with examples of prolonged periods of negative stock and bond market environments. Furthermore, the world’s history is filled with even worse examples. The reality is that in order to invest well for the long term, sometimes that means you have to first survive the short-term.
But How?
Hicks walks the reader through his firm’s approach of how he and his team apply a rigorous, rules-based philosophy to grow the clients’ investment portfolios while seeking to minimize downside market volatility. As the reader will learn, seeking to minimize your portfolio’s drawdown, does not mean you have to sacrifice growth. But you do need to have a process for your decision making.
Evidence Based Investing is not written to advocate Hicks’ process. It is written to be an approachable introduction for those who question the “conventional” wisdom but do not have a roadmap for developing their own rules-based investment management process.
About Theodore
Theodore Hicks began his financial planning and asset management career in February 1999 by joining one of the nation’s largest financial planning and advice firms. In 2020, Hicks and his team broke away to join an independent Registered Investment Advisory (RIA) firm. Two years later, when other professional advisors started indicating interest in hiring Hicks to sub-advise for the assets under their care, Hicks launched Hicks & Associates Wealth Management, LLC an SEC Registered RIA. Today, Hicks serves as the Chief Executive Officer and Chief Investment Officer where he oversees the firm’s proprietary multi-strategy investment approach. Hicks & Associates Wealth Management is based in Cary, NC where Hicks resides with his wife and children.