Rob Arnott on Clairvoyant Investment Analysis by Research Affiliates Research based on “clairvoyant values” and “clairvoyant discount rates” reveals, after the fact, that investors price growth and small-cap stocks to give stunningly low returns. The upshot: Growth and small cap portfolios provide value-added returns only if they contain outliers. Research Affiliates’ Rob Arnott on Clairvoyant Investment Analysis A deeper look at clairvoyant investment Whether read singly or together, the “clairvoyant” papers offer cogent insights into market efficiency, the pricing of growth and value stocks, and the value and size effects. Research Affiliates is pleased to present these three papers anew….
Research Affiliates' Rob Arnott On Clairvoyant Investment Analysis
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