Showing 1 - 10 of 137 results

Sort By
  • Relevance
  • Newest
  • Oldest


Still (Not) Crazy After All These Years¹

With the FANGs in the news again, for good and bad, we thought it would be a good time to update our analysis. Again, we find less going on than first meets the eye.


SNAFU: Situation Normal, All-FANGed Up

Cliff tackles a story making the rounds about stock market performance in 2015. Was it, in fact, very “narrow” and driven by the “FANG” stocks (Facebook, Amazon, Netflix and Google)?

DC Solutions

DC Solutions Series: Defensive Equity, Part 1

In part one of this two-part series, we focus on the intuition behind defensive equity and present evidence for its efficacy as part of an effective defined contribution retirement plan.

DC Solutions

DC Solutions Series: Defensive Equity, Part 2

In part two of this two-part series, we focus on the implementation of a defensive equity strategy within the context of a DC retirement plan.


Leveraged Exchange-Traded Funds: Price Dynamics and Options Valuation

Trade Publication

Fool Me Twice, Shame On Me

Many Wall Street strategists are calling the stock market “undervalued” today based largely on how far and fast it has fallen over the last two years, and the coming prospects for economic recovery.

Journal Article

The Devil in HML's Details

This paper challenges the standard method for measuring “value” used in academic work on factor pricing.

Journal Article

Low-Risk Investing Without Industry Bets

The strategy of buying safe low-beta stocks while shorting (or underweighting) riskier high-beta stocks has been shown to deliver significant risk-adjusted returns.

Journal Article

Adverse Selection and the Required Return

Securities are traded by buyers and sellers with different levels of knowledge about those securities.

Journal Article

The Value of Corporate Takeovers

This article summarizes the results of three studies of the value of corporate takeovers.