Ep 5: Two blokes from Birmingham

Over the years I've found that some of the stanchest and most effective advocates of evidence-based investing are those who've actually worked in the active fund management industry and seen its shortcomings at first hand. Lars Kroijer [http://www.evidenceinvestor.com/investing-demystified-lars-kroijer-video-15/] is one example, and another is Preston McSwain. Preston hails from Birmingham, Alabama, and worked for more than 20 years selling and marketing complex investment products for a range of firms including Lehman Brothers. But Lehman's collapse and the ensuing global market meltdown prompted a complete rethink about investing and how best to serve consumers. He now runs Fiduciary Wealth Partners in Boston, managing the wealth of high-net worth individuals, and primarily using Vanguard index funds. The latest episode of the TEBI Podcast tells his remarkable story.