The argument that investors should stay the course during market declines is an easy one to make. It also in most cases is the correct one, since figuring out when…
Tag: Excess Returns Podcast
Excess Returns, Ep. 14: Some Thoughts on the Struggles of Factor Investing in the Past Decade
The long-term evidence to support factor investing is compelling. Academic work has shown that factors like value and momentum have produced an excess return relative to the market over time.…
Excess Returns, Ep. 13: The Dangers of Headline Investing
The recent market sell off related to the Coronavirus has many investors worried. And with good reason. When panics like this set in, we all tend to focus on worst…
Excess Returns, Ep. 12: The Pros and Cons of Trend Following
To say that the track record of market timers in general is dismal would be an understatement. There are so many factors that impact market returns that getting them all…
Excess Returns, Ep. 11: The Pitfalls of Back Testing
Back testing is one of the most misused tools in investment management. Almost every back test outperforms the market, but those same strategies often struggle when run with actual money.…
Excess Returns: Ep. 10: Lessons From Our Most Read Five Questions Interviews
In this week’s episode of Excess Returns, we talk about the biggest lessons from the first year of our Five Questions interview series. Our Five Questions series features in depth…
Excess Returns: Episode 9: The Benefits of a Value Composite
Picking the right value metric can be one of the biggest challenges of quantitative value investing. Although the Price/Book is the most widely used value metric, its struggles in recent…
Excess Returns: Episode 8: Perils of Market Forecasting
We have just completed market prediction season. It’s the time of year where there are countless forecasts about what the economy will do in the new year. Its when experts…
Excess Returns, Episode 7: The Importance of a Sell Strategy and Disciplined Rebalancing Approach
As difficult as it is to figure out the right stocks to buy, determining when to sell can be even more challenging. In this episode, we look at the important…
Excess Returns, Episode 6: The Case Against Value Stocks
Confirmation bias is one of the biggest problems in investing. We all have a set of core beliefs, and we tend to surround ourselves with people who also believe them…