…market, timing factors using just valuation must contend with contrarian factor timing being already implicitly (but strongly) present in the value factor itself. Despite the rhetoric calling factor timing simple…
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Most Read on Validea's Guru Investor
…Pitfalls of Using EV/EBITDA in Valuations [3] Hulbert: Fund Performance is Largely Luck-Driven [4] Pure-Factor ETFs Poised to Shine in Market Downturn ——- Photo: Copyright: arcady31 / 123RF Stock Photo…
Pure-Factor ETFs Poised to Shine in Market Downturn
An article in Bloomberg argues that pure factor ETFs, those that “stick closer to the academic version of factors,” have the potential to shine in a market downturn. “The multiyear…
Five Questions: Behavior in Investing with Dr. Daniel Crosby
…invest in active or passive funds or whether value or momentum is a better investing factor, but in doing that we often lose sight of the thing that studies have…
The Benefits of Base Rates
…uses for base rates we have found in our asset management business. There is strong evidence that factor-based portfolios can beat the market over time, but the ride to get…
When Hypothetical Becomes Real
…happens with all types of investment strategies, but it is particularly common in factor investing. Whether it be value or momentum or some of the secondary factors like quality, there…
Zweig and Grant on the Pressure to Go Passive
…enormous amount of confusion for investors.” Zweig asserts there are “highly naïve or self-interested firms promoting these strategies.” There is no such thing, he asserts, as any factor that always…
Quick Takes – Key Insights From Swedroe, Asness & Gray
…Week’s Topics Why Factor Investing is So Hard Industry Concentration in Factor Investing Reframing the Pain of Underperformance as a Positive Article: What to do When an Investment Strategy Performs…
Comparing Strategy Performance of Bernstein, Swensen, Browne and Swedroe
…the portfolio’s value tilt, a factor emphasis that was out of favor for much of the study period.” The more simple approach of neurologist and financial theorist Bill Bernstein is…
Five Questions: Value Investing with Wes Gray
…more career risks – premiums that will probably pay off, on average, over the long-haul. Jack: Another major source of debate in the world of factor investing is whether factor…