I received some great feedback on my post from my post earlier this week on the challenges involved with beating the market (see: Something Most Investors Simply Cannot Accept). But some people seemed to misinterpret my message. The point of showing the statistics on the underperformance of active management is not necessarily to convince someone...| A Wealth of Common Sense
In a recent Q&A with Patrick O’Shaughnessy, I said the following when asked about the momentum factor: I’m a huge fan of the momentum factor, mainly for its diversification benefits. It’s also the least understood of the well-known risk factors. I’ve done a ton of work on momentum in my day job, but haven’t been...| A Wealth of Common Sense