Practical analysis for investment professionals

Factor Investing


Improving the Odds of Value Investing

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

Should Fundamental Investors Give Up on Value Stocks?

For fundamental investors looking for mispricings, value stocks may be best ignored.

Book Review: Equity Smart Beta and Factor Investing for Practitioners

The authors provide practitioners with a comprehensive guide to equity smart beta investing.

Top 10 Posts from 2019: Damodaran, Marks, Shiller, and Buffett

The leading Enterprising Investor articles from 2019 feature insights from some of the top luminaries in all of finance.

Do Activist Investors Create Value?

Could activism be the answer for active fund managers?

Just a Little Higher? Antti Ilmanen on the Low-Return Challenge

How can investors adapt to a low-for-long rate environment? Antti Ilmanen proposed several potential strategies.

Smart Beta vs. Alpha + Beta

Can we create a simple and clean equity portfolio by separating alpha from beta?

How Painful Can Factor Investing Get?

The last 18 months have not been kind to factor investors, and multi-factor products — with an almost 20% decline — have provided little relief.

Indexing: Out with Tradition?

How do traditional and non-traditional indexing compare in the US stock market?

The Case Against Small Caps

While most of us may enjoy rooting for the Davids, we're probably better off betting on the Goliaths. Nicolas Rabener explains.