Links - 10/10/2023
“Onlookers frequently confuse edge with style. When a certain style is doing well, a manager using that style will fare favorably whether or not he or she actively chose that exposure. Over time, some factors have generated excess risk-adjusted returns. For example, small caps have delivered higher returns than large caps since the mid 1920s. But these …
Keep reading with a 7-day free trial
Subscribe to Value Investing World to keep reading this post and get 7 days of free access to the full post archives.