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Simple But Not Easy: The Case For Quantitative Value (White Paper)
Greenbackd has been quiet over the last few days while I finished “Simple But Not Easy,” my latest white paper for Eyquem (embedded below). If you want to receive similar future missives, shoot me an...
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Active Managers Sell Hope, Underperformance
Research Affiliates’ Jason Hsu has a new article Selling Hope (.pdf) in which he discusses the reason investors persist in the seemingly irrational behavior of paying high fees for active management...
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Presentation to UC Davis MBA Value Investing Class on Quantitative Value...
On Monday I presented an expanded version of my white paper “Simple But Not Easy: The Case For Quantitative Value” to the UC Davis MBA value investing class. Click the link to be taken to the UC Davis...
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Examining Benjamin Graham’s Record: Skill Or Luck?
Two recent articles, Was Benjamin Graham Skillful or Lucky? (WSJ), and Ben Graham’s 60-Year-Old Strategy Still Winning Big (Forbes), have thrown the spotlight back on Benjamin Graham’s investment...
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Benjamin Graham’s “Foolproof Method of Systematic Investment”
Last week I wrote about the performance of one of Benjamin Graham’s simple quantitative strategies over the 37 years he since he described it (Examining Benjamin Graham’s Record: Skill Or Luck?). In...
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Abnormal Returns Q&A with Wes Gray, co-author of Quantitative Value
Abnormal Returns’ Tadas Viskanta has posted a great interview with my Quantitative Value co-author, the Turnkey Analyst Wes Gray: AR: You write in the book that there are two arguments for value...
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An hour with Mr. Graham: “Imagine – there seems to be practically a foolproof...
In March 1976 a Mr. Hartman L. Butler, Jr., C.F.A. sat down for an hour long interview with Benjamin Graham in his home in La Jolla, California. Hartman recorded the discussion on his cassette tape...
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Controlling For Quality in Value Portfolios: How to improve the performance...
In the How to beat The Little Book That Beats The Market (Part 1 2, and 3) series of posts I showed how in Quantitative Value we tested Joel Greenblatt’s Magic Formula (outlined in The Little Book That...
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On The Great Shiller PE Controversy: Are Cyclically-Adjusted Earnings Below...
AQR’s Cliff Asness released in November last year a great piece called, “An Old Friend: The Stock Market’s Shiller P/E (.pdf)” dealing with some of the “current controversy” around the Shiller PE, most...
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Does Apple, Inc. (NASDAQ:AAPL) Show Statistical Evidence Of An Economic Moat?...
We wrote an article for the April issue of Value Investing Letter giving an overview of Quantitative Value, discussing the quantitative value model outlined in the book, and applying it to Apple Inc....
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