Style Premia Are Not Constant Over Time
Time Varying Style Premium
Why Do Return Premia Vary Over Time?
How much money can we put to work before return “premiums” are substantially eroded?
Low Volatility Stocks: Valuations Relative to Simulated Market Cap (1967–2014)
See full slides below.
The overcrowded trade list, compiled by UBS and packaged in a December 27 report, is interesting from several perspectives. It points to potential dichotomous institutional investor thoughts as a... read more
”Crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.” Rudi Dornbusch, Economist. In his masterpiece The General Theory of... read more
Buyback Derangement Syndrome Clifford Asness, Todd Hazelkorn, And Scott Richardson Journal of Portfolio Management A version of this paper can be found here Want to read our summaries of academic finance papers? Check out... read more
One of the most preferred trades for a possible Brexit seems to be buying duration (the most popular trade appears to be selling sterling although this involves dipping into... read more
Howard Marks: What Does the Market Know? Get The Timeless Reading eBook in PDF Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop, read it... read more
Société Générale's 'expensive stocks with poor earnings quality screen', which is published monthly, seeks to unearth the market's most undesirable stocks -- if you're looking for short ideas the report is... read more
Carlyle Group LP (NASDAQ:CG) reported ENI/unit of $1.02 above Street estimates of $0.96, primarily due to stronger than expected performance fees. Higher sequential revenue was driven by stronger performance fees... read more
Bruce Berkowitz 2013 report on holdings, below is the text and full PDF (with charts) can be found at the bottom. Fairholme Capital Management, L.L.C. PORTFOLIO MANAGER’S REPORT For the Year Ended... read more
Despite the recent S&P 500 rally, stocks are still cheap relative to bonds, that’s the key takeaway from a research note out today from Bank of America Merrill Lynch,... read more
Political Parties are hated... Investing in the age of political uncertainty: An investor speeding down the highway was pulled over by a police officer. “Step out of the car,”... read more
Congrats! Are you a smart person?
We have an exclusive targeted for being a sophisticated and loyal reader.
Sign up today and get three months free
Use coupon code 2019VIP or click on the button below
Limited time offer only expires 9/16/2019 or next 20 9 whichever comes first – please do not share this discount with others
LEAVE A COMMENT
You must be logged in to post a comment.