Excess Returns, Episode 1: The Mechanics of Value Investing

We are happy to announce the release of our new podcast Excess Returns. On each episode,  Validea partners Justin Carbonneau and Jack Forehand will talk about a wide range of investing topics with the goal of helping those who watch and listen become better long term investors, all in twenty minutes or less per episode.


In our first episode, we talk about the mechanics of value investing and the many decisions that go into constructing a value portfolio.

We talk about:

  • Defining the universe
  • Which metric(s) to use
  • How many stocks to hold
  • How often to rebalance
  • How to handle industry concentration
  • How to weight positions

Get Episode

Included below are our show notes, which are links off to articles and sources discussed during the podcast:

The Mechanics of Value Investing, Jack’s original article

Value Composite Approach

Research on the erosion of the P/B ratio, OSAM

Using metrics like P/CF

What’s in a Summary Prospectus


If you enjoy the podcast, please follow us on YouTube or subscribe or write a review on iTunes. If you have any questions or feedback, you can email us at podcast@validea.com.