Objective research to aid investing decisions

Value Investing Strategy (Strategy Overview)

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Investing Research Articles

3044 Research Articles

Just Protecting Their Investing/Trading Reputations?

…reputational concerns of institutional fund managers may create mispricing opportunities for other investors.

An Overview of Investor Animal Spirits

…ormal research on the emotions of investing suggests that mood affects investor behavior, but it does not offer much in the way of practical trading edges. Keeping one’s own emotions in check does seem key to outperforming as a trader.

Classic Research: Embrace Risk, But Take Profits

…traders can outperform by entering positions when volatility spikes and then taking profits quickly.

Finding Memes for Contrarian or Trend-following Plays

…rapid meme detection via Internet-enabled technologies may offer an edge for tuned-in traders.

Out-of-Sample Test for a Stock Market Model

…investors/traders may pivot on earnings, but appear to react to the inflation rate rather than interest rates.

Should Equity Investors Hope for Good or Bad Economic Forecasts?

…equity investors should be contrarian when considering economic forecasts. Bad is good.

The Frailty of the Size Effect?

…the empirical evidence for the size effect is superficially consistent, but frail at closer inspection. The size effect is not “dead,” but it is ailing.

(Not) Capturing the Elusive Value Premium

…the bid-ask spread, transaction costs and the price impact of trading make the value premium in small-capitalization stocks hard to capture. The prey is generally too elusive for mutual funds and indexes.

No Reward for Risk?

…exceptionally volatile stocks are on average inferior investments, or at least trades. There is no reward for this kind of risk, and presently no explanation for this effect.

Last Nail in the Coffin of the Fed Model?

…practitioners who use the Fed Model are simpletons. The model is theoretically implausible and empirically challenged.