In this week’s Excess Returns, we are trying something new. In addition to our regular episodes, we have decided to periodically talk to some of the people we respect most…
Tag: Excess Returns Podcast
Excess Returns, Ep. 17: The Importance of Challenging Your Own Beliefs
Confirmation bias is one of the most damaging biases in investing. All of us want to be right. We all want to think that opinions that disagree with ours don’t…
Excess Returns, Ep. 16: Looking at Different Ways to Manage Risk
There are many ways to manage risk in a portfolio. Traditional methods like blending stocks with bonds will work for most investors, but more creative methods can also make sense…
Excess Returns, Ep. 15: Some Thoughts on Market Panics
The argument that investors should stay the course during market declines is an easy one to make. It also in most cases is the correct one, since figuring out when…
Excess Returns, Ep. 14: Some Thoughts on the Struggles of Factor Investing in the Past Decade
The long-term evidence to support factor investing is compelling. Academic work has shown that factors like value and momentum have produced an excess return relative to the market over time.…
Excess Returns, Ep. 13: The Dangers of Headline Investing
The recent market sell off related to the Coronavirus has many investors worried. And with good reason. When panics like this set in, we all tend to focus on worst…
Excess Returns, Ep. 12: The Pros and Cons of Trend Following
To say that the track record of market timers in general is dismal would be an understatement. There are so many factors that impact market returns that getting them all…
Excess Returns, Ep. 11: The Pitfalls of Back Testing
Back testing is one of the most misused tools in investment management. Almost every back test outperforms the market, but those same strategies often struggle when run with actual money.…
Excess Returns: Ep. 10: Lessons From Our Most Read Five Questions Interviews
In this week’s episode of Excess Returns, we talk about the biggest lessons from the first year of our Five Questions interview series. Our Five Questions series features in depth…
Excess Returns: Episode 9: The Benefits of a Value Composite
Picking the right value metric can be one of the biggest challenges of quantitative value investing. Although the Price/Book is the most widely used value metric, its struggles in recent…