…we measure using normal earnings. Value is not a factor.” Pzena conducted an analysis of 14 U.S. recessions (dating back to the Great Depression) and 8 recessions in Japan since…
Search Results for: factor
The Life Cycle of Investing Factors
…at the life cycle of factors using the value factor as an example. Subscribe To Our Podcast on YouTube or Apple Podcast [1] Discovery Before a factor can be used…
The Birth, Growth & Death of Investing Factors w/ ReSolve Asset Management's Adam Butler
…We discuss: The life cycle of investment factors and why the factors that have the strongest evidence to support them may be the most vulnerable to having their premiums reduced…
When Quantitative Becomes Discretionary
…also argue that avoiding the factor all together is too extreme. The right answer might be also be in the middle, and rather than just discarding the factor, another option…
Is Passive Investing Distorting the Market?
…as a result of the rise of ETFs, investors’ focus on fees, the inconsistency of active manager outperformance, and numerous other factors. That is where the agreement ends, though. There…