If a manager finds something that works, others will usually arbitrage it away.
If a manager finds something that works, others will usually arbitrage it away.
More research on how active management simply can’t keep up with passive.
The underlying numbers suggest there’s nothing special about the approach.
An annual study from Dimensional Fund Advisors offers more evidence against active management.
Funds that outperform rarely manage to repeat their success.
How much wiggle room do you have in the case of a bad portfolio outcome?
Wait! It’s not what you think …
Research on the enterprise multiple provides additional support for value as an enduring factor.