Risk factors are local, not global. It means that risk factors are not homogenous. For instance, the value factors in the US and Japan can not be compared (distressed stocks vs quality stocks).
CountryBoy wrote:Mercedes E classInformedForLife.org Safety Assessment NOT RECOMMENDED:
[NHTSA overall rating in bottom 59%]
[NHTSA frontal impact rating in bottom 72%]
countmein wrote:. I happen to believe with more certainty that small value will get absolutely obliterated in deflationary times more than I believe that it will outperform by any wide margin in 'normal times'.