Momentum investing is difficult to understand for many investors. While a concept like value that involves trying to buy stocks at a discount to what they are worth resonates with…
Tag: Excess Returns Podcast
Excess Returns, Ep. 24: The Pros and Cons of Factor Timing
We are all trained to buy low and sell high, and it is tempting to conclude that we can do the same thing with factors. But the research suggests that…
Excess Returns, Ep. 23: The Challenges of Multi-Factor Investing
The basic theory of multi-factor investing is pretty simple. It has been widely proven that factors like value and momentum can outperform the market over long periods of time. But…
Excess Returns, Ep. 22: A Look at the Impact of COVID-19 on Value Investing
The process of using past fundamentals to try to predict future prices has been in place for a very long time, and there is substantial academic evidence to support it.…
Excess Returns, Ep. 21: Interview: Psychology and COVID-19 with Dr. Daniel Crosby
In this week’s episode we shift gears a little from our usual investing focus. We wanted to spend some time talking about the current COVID-19 crisis and its impact on…
Excess Returns, Ep. 20: The Limits to Lessons from Past Bear Markets
Whenever we are confronted with a bear market, we all want to figure out how it will play out. We want to know how big the decline will be. We…
Excess Returns, Ep. 19. The Dangers of Hindsight Bias
Whenever we are confronted with a bear market, we all want to figure out how it will play out. We want to know how big the decline will be. We…
Excess Returns, Ep. 18: Interview: Value Investing with Tobias Carlisle
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…
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…
