Developing an edge in the stock market has always been a significant challenge. The collective wisdom of the market is typically correct, and that leads to very efficient asset pricing…
Tag: Practical Quant
The Voting Machine vs. the Weighing Machine
In the short run, the market is a voting machine but in the long run, it is a weighing machine.Benjamin Graham (Sort Of) I am probably one of the biggest…
Pockets of Value in an Expensive Market
The stock market has had a huge run in the past 15 months. As of May 11th, the S&P 500 is now up 64%, off the market bottom, the NASDAQ…
Some Thoughts on Low Volatility Investing
By Jack Forehand, CFA (@practicalquant) — Like many investors, I like to follow strategies that make sense to me. If I am following a factor, I want to feel like the metrics…
The Challenges of Avoiding Value Traps – And Some Criteria That Might Help
I wrote an article a few weeks back that looked at how much of the outperformance of value stocks since the bottom in March of last year has been driven…