The Many Different Flavors of Value
The Many Different Flavors of Value

Many investors believe that all value investing strategies are similar. When it comes to getting exposure to value, they think the many value funds that are out there are mostly…

Are Growth Stocks Cheap?
Are Growth Stocks Cheap?

By Jack Forehand, CFA, CFP® (@practicalquant) — As a value investor, I have a weakness that I have struggled with my whole career: I really like buying things when they go down a…

Beware the Back Test
Beware the Back Test

By Jack Forehand, CFA, CFP® (@practicalquant) — Active investment managers have a pretty dismal long-term record. Depending on which study you look at somewhere between 80% and 90% of managers underperform their benchmarks…