Performance Measurement & Evaluation

We should lean toward investing in all of the world all of the time.

So what is the value factor's key performance driver? Based on what evidence?

Optimal diversification in equity portfolios varies by style.

The authors set out the core principles of valuation and offer a guide to measuring a company's value.

Do special-purpose acquisition companies (SPACs) offer any diversification benefits?

Viewing your muni portfolio through a tax-smart lens will open your eyes to its true after-tax value.

There is no valid benchmark for the unlisted private equity sector. That needs to change.

GAAP sometimes misrepresents business reality. We can use that fact to generate some alpha.

All the day trading by the new class of retail investors has not helped the long-only crowd.

The relationship between earnings and equity returns is more illusion than reality.