What should investors do now?

Reader Mike sent me the following link to a really fantastic series of presentations on the Dimensional Fund Advisors (DFA) website.  These presentations explore the role of the media in investing, and the implications of efficient markets on investment decisions.  They also look at the effect of recessions on stock prices.  All highly recommended.

DFA is an investment company that bases its recommendations heavily on the findings of academic finance.   Frequent readers will note that I often post stuff from the Fama-French blog.  The Fama French blog is housed on the DFA website as Fama and French are both board members of DFA.

There's also a bunch of other good stuff on the DFA website.  I'll probably post bits here and there.

HT: Mike McCartney