Summary: There is a tendency to believe that all value investing strategies are similar. But beneath the surface, many value approaches couldn't be any more different. These differences can lead to substantially different outcomes in both the long- and short-term. In this episode, we discuss the many decisions that go into building a value portfolio and how they impact the results it delivers.
Jack's article: http://blog.validea.com/the-mechanics-of-value-investing/
Value Composite Approach: http://blog.validea.com/why-use-one-value-factor-when-you-can-use-many/
OSAM Research on the erosion of the P/B ratio: https://www.osam.com/Commentary/negative-equity-veiled-value-and-the-erosion-of-price-to-book
Using metrics like P/CF: https://www.barrons.com/articles/theres-more-than-one-way-to-be-a-value-investor-1543485600
What's in a Summary Prospectus: https://www.thebalance.com/the-summary-prospectus-2466681
#ExcessReturns #ValueInvesting #ValueStocks #Price/Book
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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