In this episode, we discuss this idea with Adam Butler of Resolve Asset Management. Adam is one of the deepest thinkers that we know in the investing world. He is also a prolific writer and host of the popular Gestalt University podcast.
We discuss:
The life cycle of investment factors and why the factors that have the strongest evidence to support them may be the most vulnerable to having their premiums reduced or eliminated;
The framework for judging whether a factor has lost its effectiveness;
How to construct an equity portfolio in a world where it is difficult to determine which factors will work going forward;
The benefits of risk parity and why more investors don't use it.
RESOLVE ASSET MANAGEMENT
https://investresolve.com/
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RESOLVE'S PODCAST ON YOUTUBE
https://www.youtube.com/channel/UCzeWmoM-WPVd2rNPe_7uBwg
ABOUT THE PODCAST
Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors.
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