But remember the cyclical nature of markets.
But remember the cyclical nature of markets.
New study looks at variations of the market price of risk relative to variations in French-Fama factors’ risk premiums.
Research indicates endowments have not discovered a secret alpha formula.
Hint: Look beneath the comparisons.
Don’t believe everything you hear about factors.
It doesn’t seem to be worth the effort.
It lies at the root of many bad investment decisions.
A look at the explanatory power of an important factor.