By Justin Carbonneau (@JJCARBONNEAU) As this Forbes article points out, the 60/40 portfolio is “one of the most dominant investment approaches of our time”. This asset allocation is incredibly simple…
Tag: Factor Focus
Lessons from March For The Fallen
On September 28th, 2019, I had the privilege of participating in March for the Fallen (#MFTF), an event that honors military soldiers who lost their lives defending our country and…
Why Use One Value Factor When You Can Use Many
By Justin Carbonneau (@jjcarbonneau)—-Interested in chatting with Justin – let him know.—- Suppose you wanted to find the value stocks in today’s market using common value ratios. Which would you…
A New Method for Rebalancing Helps Systematic Models Get Better
By Justin Carbonneau (@jjcarbonneau)—-Talk about the Markets and/or Invest with Justin —-A centerpiece for most systematic investing models is a “refreshing” of the portfolio positions, which is also often referred…
Momentum Investing - the What, the Why, the How and the Risks
By Justin Carbonneau (@jjcarbonneau) At the most basic level, momentum investing in the context of security selection can be defined as buying securities that have done the best over the…
What Quant Value Models Can and Can't Do for You
By Justin Carbonneau (@jjcarbonneau) – Two weeks ago I wrote an article, Differences in Value, where I outlined the various criteria (i.e. price-to-sales, price-to-book, and enterprise value-to-EBIT) used in the…
Differences in Value
By Justin J. Carbonneau (@jjcarbonneau) — A few weeks ago my partner, Jack Forehand (@practicalquant) wrote a piece titled “The Mechanics of Value Investing“. In it, he highlighted the various…
Long Term Compounding Using Low Volatility & Other Fundamental Factors
By Justin J. Carbonneau (@jjcarbonneau) — There is an age-old concept in investing that the more risk you take the higher the return you should get. This makes a lot…
Expanding the Opportunity Set with Shareholder Yield
By Justin J. Carbonneau (@jjcarbonneau) — When most investors hear the word “yield” they immediately think about dividends. Things like stock buybacks and debt paydown typically don’t come to mind.…
Replicating Buffett's Wide Moat Investing Method
By Justin J. Carbonneau (@jjcarbonneau) — Warren Buffett and others have long advocated buying companies with moats around their businesses. Strong brand loyalty (Disney), economies of scale (Walmart), innovation (Google),…