Search found 220 matches

by scottj19707
Fri Dec 29, 2017 10:39 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle and Vanguard’s $5,000,000,000,000 Question - Philadelphia Magazine
Replies: 41
Views: 6691

Re: Jack Bogle and Vanguard’s $5,000,000,000,000 Question - Philadelphia Magazine

Code: Select all

Re: Jack Bogle and Vanguard’s $5,000,000,000,000 Question - Philadelphia Magazine
 by willthrill81 » Thu Dec 28, 2017 8:00 am 
Too big for what?
As my late, great father used to say, "Don't get too big for your britches, son."

-- Little Lord Fauntleroy
by scottj19707
Thu Nov 30, 2017 10:47 pm
Forum: Investing - Theory, News & General
Topic: Everyone, Even a Passive Vanguard Investor, is a Factor Investor (Alpha Architect/Jack Vogel, 11-30-17)
Replies: 39
Views: 2010

Re: Everyone, Even a Passive Vanguard Investor, is a Factor Investor (Alpha Architect/Jack Vogel, 11-30-17)

Re: Everyone, Even a Passive Vanguard Investor, is a Factor Investor (Alpha Architect/Jack Vogel, 11-30-17) Post by lack_ey » Thu Nov 30, 2017 7:27 pm Furthermore, a cross-sectional factor defined on within-group relative return is simply not the same thing as a asset class factor (which doesn't in...
by scottj19707
Thu Nov 30, 2017 10:36 pm
Forum: Investing - Theory, News & General
Topic: Everyone, Even a Passive Vanguard Investor, is a Factor Investor (Alpha Architect/Jack Vogel, 11-30-17)
Replies: 39
Views: 2010

Re: Everyone, Even a Passive Vanguard Investor, is a Factor Investor (Alpha Architect/Jack Vogel, 11-30-17)

Re: Everyone, Even a Passive Vanguard Investor, is a Factor Investor (Alpha Architect/Jack Vogel, 11-30-17) Post by lack_ey » Thu Nov 30, 2017 7:27 pm By this definition, virtually every investor is a factor investor, which makes it not a very useful distinction. It also contradicts the underlying ...
by scottj19707
Thu Nov 30, 2017 10:31 pm
Forum: Investing - Theory, News & General
Topic: Everyone, Even a Passive Vanguard Investor, is a Factor Investor (Alpha Architect/Jack Vogel, 11-30-17)
Replies: 39
Views: 2010

Re: Everyone, Even a Passive Vanguard Investor, is a Factor Investor (Alpha Architect/Jack Vogel, 11-30-17)

by avalpert » Thu Nov 30, 2017 7:20 pm scottj19707 wrote: ↑ Thu Nov 30, 2017 7:10 pm "Yes, simply investing in the market (i.e. the Sp500) is not really passive — this is a factor-investing bet." Boy do I hate it when people equivocate on the word 'passive' to try to imply that it is all the same t...
by scottj19707
Thu Nov 30, 2017 10:10 pm
Forum: Investing - Theory, News & General
Topic: Everyone, Even a Passive Vanguard Investor, is a Factor Investor (Alpha Architect/Jack Vogel, 11-30-17)
Replies: 39
Views: 2010

Everyone, Even a Passive Vanguard Investor, is a Factor Investor (Alpha Architect/Jack Vogel, 11-30-17)

Jack and Wes @ Alpha Architect are good guys IHMO. "Everyone, Even a Passive Vanguard Investor, is a Factor Investor (Alpha Architect/Jack Vogel, 11-30-17)": https://alphaarchitect.com/2017/11/30/everyone-even-a-passive-vanguard-investor-is-a-factor-investor/ In relation to lots of chatter on factor...
by scottj19707
Sat Mar 11, 2017 1:55 pm
Forum: Investing - Theory, News & General
Topic: “Stephen Ross, Economist Who Developed Arbitrage Pricing Theory, Dies at 73” - The New York Times
Replies: 0
Views: 388

“Stephen Ross, Economist Who Developed Arbitrage Pricing Theory, Dies at 73” - The New York Times

[This may be a bit arcane for most BHs, and maybe more for those interested in the history and evolution of investment theory… like the BH Factor Posse.] “Stephen Ross, Economist Who Developed Arbitrage Pricing Theory, Dies at 73” (The New York Times/JESSICA SILVER-GREENBERG, MARCH 9, 2017): https:/...
by scottj19707
Sun Oct 30, 2016 7:30 pm
Forum: Investing - Theory, News & General
Topic: Factor-Based Investing: Risk-Adjusted Returns, PortfolioVisualizer.com, and the "Multi-Factor Efficient Space"
Replies: 16
Views: 2511

Re: Factor-Based Investing: Risk-Adjusted Returns, PortfolioVisualizer.com, and the "Multi-Factor Efficient Space"

Hi Larry, Again, thanks very much for taking the time and trying to clarify. Where you wrote... Before there was a CAPM, there were no factor models. The benchmark for alpha was did you beat the market. TODAY we know that to outperform the market over time all one had to do was to buy smaller stocks...
by scottj19707
Sun Oct 30, 2016 2:43 pm
Forum: Investing - Theory, News & General
Topic: Factor-Based Investing: Risk-Adjusted Returns, PortfolioVisualizer.com, and the "Multi-Factor Efficient Space"
Replies: 16
Views: 2511

Re: Factor-Based Investing: Risk-Adjusted Returns, PortfolioVisualizer.com, and the "Multi-Factor Efficient Space"

Hi Larry, Thanks for your follow-up comments... postby larryswedroe » Sat Oct 29, 2016 7:42 pm Scott No don't have it right. It doesn't matter whether the factor is risk-based or behavioral. The regressions account for the loading (how much exposure the fund has). The alpha is what isn't explained b...
by scottj19707
Sat Oct 29, 2016 5:22 pm
Forum: Personal Consumer Issues
Topic: Juicer Recommendation?
Replies: 28
Views: 2369

Re: Juicer Recommendation?

My wife bought a Vitamix about a year ago. I think she really likes it.

From my perspective, which I dare not voice, it makes a really nice door stop... if you know what I mean.
by scottj19707
Sat Oct 29, 2016 5:19 pm
Forum: Investing - Theory, News & General
Topic: Aswath Damodaran on MIB Podcast
Replies: 2
Views: 736

Re: Aswath Damodaran on MIB Podcast

AD's NYU MOOC class on valuation should be a concrete pre-req before anyone ever thinks they have a chance of doing fundamental analysis, picking individual stocks, and coming out ahead (generating + alpha). Dr. Domodaran's books on valuation are almost all worth reading, if you're into that sort of...
by scottj19707
Sat Oct 29, 2016 5:00 pm
Forum: Investing - Theory, News & General
Topic: Factor-Based Investing: Risk-Adjusted Returns, PortfolioVisualizer.com, and the "Multi-Factor Efficient Space"
Replies: 16
Views: 2511

Re: Factor-Based Investing: Risk-Adjusted Returns, PortfolioVisualizer.com, and the "Multi-Factor Efficient Space"

Postby larryswedroe » Thu Oct 27, 2016 5:07 pm second, as you know from reading the book some factors are considered mostly risk, some mostly or all behavioral such as low beta, quality, MOM (with limits to arbitrage preventing correction fully) and some there is a great debate on others (like valu...
by scottj19707
Thu Oct 27, 2016 5:52 pm
Forum: Investing - Theory, News & General
Topic: Factor-Based Investing: Risk-Adjusted Returns, PortfolioVisualizer.com, and the "Multi-Factor Efficient Space"
Replies: 16
Views: 2511

Factor-Based Investing: Risk-Adjusted Returns, PortfolioVisualizer.com, and the "Multi-Factor Efficient Space"

Recently I read Larry Swedroe’s latest MutualFunds.com article… “Explaining Mutual Fund Flows” (MutualFunds.com/Larry Swedroe, Oct 19, 2016): http://mutualfunds.com/expert-analysis/factors-matter-to-investors-explaining-mutual-fund-flows/ It seemed like a pretty standard Larry-style article, until I...
by scottj19707
Thu Oct 27, 2016 5:27 pm
Forum: Investing - Theory, News & General
Topic: Inaugural (2016) Class of The Phila Inquirer's Industry Icons/Business Hall of Fame - John C. Bogle
Replies: 1
Views: 239

Inaugural (2016) Class of The Phila Inquirer's Industry Icons/Business Hall of Fame - John C. Bogle

Thought folks on the BH.org forum might be interested in this, if it hasn't already been circulated...

https://pmnevents.philly.com/e/2016-ind ... con-awards

A well-deserved honor, I'm sure.

Now why hasn't Mr. Bogle received the Presidential Medal of Freedom yet?
by scottj19707
Mon Jul 11, 2016 11:42 am
Forum: Investing - Theory, News & General
Topic: What's with the criticisms of bond ladders
Replies: 33
Views: 3988

Re: What's with the criticisms of bond ladders

What's with the criticisms of bond ladders Unread postby larryswedroe » Mon Jul 11, 2016 7:58 am Most of it comes from advisors that don't provide them, so they make up stories critical to them, but even JBQ wrote some negative comments, most of which were totally wrong. Hope this let's you see the...
by scottj19707
Fri Jun 24, 2016 6:45 pm
Forum: Investing - Theory, News & General
Topic: "Index Funds: The Movie" by IFA.com/Mark Hebner
Replies: 10
Views: 2683

Re: "Index Funds: The Movie" by IFA.com/Mark Hebner

From today's (June 24, 2016) edition of the iFA.com e-newsletter... "Dear Clients and Friends of IFA, In light of the current market conditions regarding the BREXIT referendum, I encourage you to watch Steps 3 and 4 of our new Index Funds The Movie. The succinct lessons contained therein are importa...
by scottj19707
Thu Jun 23, 2016 7:39 pm
Forum: Investing - Theory, News & General
Topic: "Index Funds: The Movie" by IFA.com/Mark Hebner
Replies: 10
Views: 2683

Re: "Index Funds: The Movie" by IFA.com/Mark Hebner

Related post/article directly from Robin Powell re: iFA.com's recent video documentary... "Introducing... Index Funds The Movie!" (The Evidence-Based Investor/Robin Powell, June 22, 2016): http://www.evidenceinvestor.co.uk/introduction-index-funds-the-movie/ I forgot to mention that Index Fund Advis...
by scottj19707
Wed Jun 22, 2016 3:46 pm
Forum: Investing - Theory, News & General
Topic: "Index Funds: The Movie" by IFA.com/Mark Hebner
Replies: 10
Views: 2683

"Index Funds: The Movie" by IFA.com/Mark Hebner

A recently released set of videos by IFA.com... "Index Funds: The Movie": https://www.ifa.com/indexfundsthemovie/ Mark Hebner is the founder of Index Fund Advisors (http://www.IFA.com), an investment advisory group headquartered in Irvine, CA. These videos prominently feature Mr. Hebner and are mode...
by scottj19707
Thu Jun 16, 2016 8:27 pm
Forum: Investing - Theory, News & General
Topic: private equity track record attracts inflow
Replies: 7
Views: 1008

Re: private equity track record attracts inflow

private equity track record attracts inflow Quote larryswedroe Post by larryswedroe » Thu Jun 16, 2016 9:06 am This was another in long history of articles claiming great records, but benchmarks are almost always wrong. Looked at in right light PE has overall had poor risk adjusted returns http://m...
by scottj19707
Thu Jun 16, 2016 7:54 pm
Forum: Investing - Theory, News & General
Topic: Factor-Based Investing: Do DFA Funds Generate Risk-Adjusted "Alpha?"
Replies: 30
Views: 3068

Re: Factor-Based Investing: Do DFA Funds Generate Risk-Adjusted "Alpha?"

Hi all, Post by larryswedroe » Tue Jun 14, 2016 12:07 am by lack_ey » Mon Jun 13, 2016 9:40 pm by nedsaid » Mon Jun 13, 2016 9:21 pm by Theoretical » Mon Jun 13, 2016 9:05 pm Thanks for your comments, and confirmations re: the factor-driven B/beta (not alpha-seeking) focus of DFA funds. I appreciate...
by scottj19707
Mon Jun 13, 2016 9:35 pm
Forum: Investing - Theory, News & General
Topic: Factor-Based Investing: Do DFA Funds Generate Risk-Adjusted "Alpha?"
Replies: 30
Views: 3068

Factor-Based Investing: Do DFA Funds Generate Risk-Adjusted "Alpha?"

Q: Do Dimensional Fund Advisors (DFA) funds generate risk-adjusted "alpha?" [Even further... Do DFA funds generate statistically significant, risk-adjusted "alpha?"] This question occurred to me when I was recently reading: "Has Vanguard Added Value as an Active Manager?" (AdvisorPerspectives.com/La...
by scottj19707
Mon Jun 13, 2016 8:36 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard's Active Funds: A Deeper Look at the Performance" (IFA.com/Tom Allen and Mark Hebner,June 7, 2016)
Replies: 10
Views: 1951

Re: "Vanguard's Active Funds: A Deeper Look at the Performance" (IFA.com/Tom Allen and Mark Hebner,June 7, 2016)

Re: "Vanguard's Active Funds: A Deeper Look at the Performance" (IFA.com/Tom Allen and Mark Hebner,June 7, 2016) postby larryswedroe » Wed Jun 08, 2016 7:10 pm Fama-French 5 factors add profitability and investment to beta, size and value, eliminating momentum (and note even value is basically subs...
by scottj19707
Wed Jun 08, 2016 8:44 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard's Active Funds: A Deeper Look at the Performance" (IFA.com/Tom Allen and Mark Hebner,June 7, 2016)
Replies: 10
Views: 1951

Re: "Vanguard's Active Funds: A Deeper Look at the Performance" (IFA.com/Tom Allen and Mark Hebner,June 7, 2016)

Re: "Vanguard's Active Funds: A Deeper Look at the Performance" (IFA.com/Tom Allen and Mark Hebner,June 7, 2016) postby larryswedroe » Wed Jun 08, 2016 5:30 am If you want a better analysis of Vanguard's performance read this Hi Larry, Thanks for the link to your related AP article. I went back to ...
by scottj19707
Tue Jun 07, 2016 6:54 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard's Active Funds: A Deeper Look at the Performance" (IFA.com/Tom Allen and Mark Hebner,June 7, 2016)
Replies: 10
Views: 1951

"Vanguard's Active Funds: A Deeper Look at the Performance" (IFA.com/Tom Allen and Mark Hebner,June 7, 2016)

Hi all, This article, one in a continuing series produced by IFA.com evaluating the risk-adjusted performance of active mutual funds from various fund families... "Vanguard's Active Funds: A Deeper Look at the Performance" (IFA.com/Tom Allen and Mark Hebner, June 7, 2016): https://www.ifa.com/articl...
by scottj19707
Mon Jun 06, 2016 3:32 pm
Forum: Investing - Theory, News & General
Topic: Book Alert: "The Undoing Project: A Friendship that Changed Our Minds" by Michael Lewis (on Kahneman & Tversky)
Replies: 3
Views: 1342

Book Alert: "The Undoing Project: A Friendship that Changed Our Minds" by Michael Lewis (on Kahneman & Tversky)

Hi all, I recently saw this new book mentioned on FarnamStreetBlog.com (Shane Parrish's very excellent blog, which I highly recommend) and thought those who are interested in behavioral finance (and what Daniel Kahneman and Amos Tversky have done over the years to develop the field) might appreciate...
by scottj19707
Mon Jun 06, 2016 3:08 pm
Forum: Investing - Theory, News & General
Topic: Q Group "Spring 2016 Seminar" Proceedings, Including John Bogle Paper
Replies: 1
Views: 359

Q Group "Spring 2016 Seminar" Proceedings, Including John Bogle Paper

Proceedings from the "Spring 2016 Seminar"... http://www.q-group.org/spring-2016-seminar/ (Q Group, undated, 06-0616 download) The intro: "Q Group Spring Seminar was held April 17-20 [2016] at the Fairmont Washington D.C, Georgetown. With over 10 hours of presentations and commentary, the 2016 sprin...
by scottj19707
Mon Jun 06, 2016 2:49 pm
Forum: Investing - Theory, News & General
Topic: Jason Zweig Podcast Interview with Russ Roberts
Replies: 1
Views: 644

Jason Zweig Podcast Interview with Russ Roberts

Hi all, I really enjoy reading/listening to both Jason Zweig and Russ Roberts. Recently, Russ interviewed Jason; the podcast can be found here... "Jason Zweig on Finance and the Devil's Financial Dictionary" (Library of Economics and Liberty - EconTalk/Russ Roberts, June 6, 2016): http://www.econtal...
by scottj19707
Sat May 21, 2016 4:23 pm
Forum: Investing - Theory, News & General
Topic: Just finished Flash Boys
Replies: 44
Views: 6908

Re: Just finished Flash Boys

Not sure if this article might be interesting to folks interested in this general topic... "Investors have the best stock market ever - thanks to high-frequency trading" (MarketWatch.com/Bill Harts, May 12, 2016): http://www.marketwatch.com/story/investors-have-the-best-stock-market-ever-thanks-to-h...
by scottj19707
Sat May 21, 2016 4:17 pm
Forum: Personal Consumer Issues
Topic: Vanguard store - stolen credit card
Replies: 13
Views: 2362

Re: Vanguard store - stolen credit card

Who'd of thunk it?

Thanks for the URL... is there something like that for Bogleheads.org?
by scottj19707
Sat May 21, 2016 4:02 pm
Forum: Investing - Theory, News & General
Topic: Factor-Based Investing: Is there a CAPM "SML" equivalent in multi-factor asset pricing models?
Replies: 5
Views: 822

Re: Factor-Based Investing: Is there a CAPM "SML" equivalent in multi-factor asset pricing models?

Re: Factor-Based Investing: Is there a CAPM "SML" equivalent in multi-factor asset pricing models? Postby lack_ey » Sat May 21, 2016 12:55 pm I haven't heard of that formulation under a multi-factor asset pricing model, but others know much more about the subject than I do. Hi lack_ey, Thank you ve...
by scottj19707
Fri May 20, 2016 8:39 pm
Forum: Investing - Theory, News & General
Topic: Factor-Based Investing: Is there a CAPM "SML" equivalent in multi-factor asset pricing models?
Replies: 5
Views: 822

Factor-Based Investing: Is there a CAPM "SML" equivalent in multi-factor asset pricing models?

Hi all, In the world of multi-factor asset pricing models (e.g., Fama-French 3 or 5 factor, Carhart 4 factor, etc.), is there an equivalent to the single-factor (CAPM) asset pricing model's security market line (SML)? My intuition tells me yes, but I'm not quite sure... and I haven't been able to fi...
by scottj19707
Fri May 20, 2016 8:04 pm
Forum: Investing - Theory, News & General
Topic: a new look at the size premium
Replies: 44
Views: 4983

Re: a new look at the size premium

a new look at the size premium larryswedroe » Fri May 20, 2016 6:14 am Something most don't know about the size premium http://www.etf.com/sections/index-investor-corner/swedroe-new-angles-on-size-premium Hope you find it helpful Larry Dear Larry, I really liked the structure and content of this ET...
by scottj19707
Sun May 15, 2016 2:17 pm
Forum: Investing - Theory, News & General
Topic: "Can Anything Stop Vanguard?"
Replies: 50
Views: 9185

Re: "Can Anything Stop Vanguard?"

Re: "CAN ANYTHING STOP VANGUARD?" Unread postby FBN2014 » Sat May 14, 2016 11:17 am ... Please post the link for the Rick Ferri video. Thanks FBN2014, Here's the original URL, which looks to be no longer active (or not pointing to the original content): http://www.rickferri.com/blog/investments/the...
by scottj19707
Fri May 13, 2016 1:41 pm
Forum: Investing - Theory, News & General
Topic: "Can Anything Stop Vanguard?"
Replies: 50
Views: 9185

Re: "CAN ANYTHING STOP VANGUARD?"

"CAN ANYTHING STOP VANGUARD?" Postby Taylor Larimore » Fri May 13, 2016 9:09 am Bogleheads: Morningstar has a featured article on its Homepage titled Can Anything Stop Vanguard? It is a story that every investor should read. Investors already in Vanguard will be reassured. New investors will learn ...
by scottj19707
Mon May 09, 2016 12:34 pm
Forum: Investing - Theory, News & General
Topic: "Factor-Based Investing - Theory & Application" [Rough Draft Outline, v0.1, 5/7/16]
Replies: 8
Views: 1345

Re: "Factor-Based Investing - Theory & Application" [Rough Draft Outline, v0.1, 5/7/16]

Re: "Factor-Based Investing - Theory & Application" [Rough Draft Outline, v0.1, 5/7/16] Postby larryswedroe » Sat May 07, 2016 1:29 pm Scott thanks for all that effort and suggestions. The book is basically done. Though we continue to add topics as we review the product. We want the book to be acce...
by scottj19707
Mon May 09, 2016 12:06 pm
Forum: Investing - Theory, News & General
Topic: New WSJ article - Burton Malkiel still a "Smart-Beta" skeptic
Replies: 11
Views: 1659

Re: New WSJ article - Burton Malkiel still a "Smart-Beta" skeptic

I read the WSJ article on "smart beta" featuring Dr. Malkiel in this am's print edition of the WSJ. I thought it was, as Cliff Asness is know to say, "weak tea." Not because of any opinion expressed by BM, but because I thought the author of the article did kind of a lousy job, generally speaking, o...
by scottj19707
Sun May 08, 2016 3:29 pm
Forum: Personal Consumer Issues
Topic: So, are Bogleheads Bourbon or Scotch drinkers?
Replies: 115
Views: 11462

Re: So, are Bogleheads Bourbon or Scotch drinkers?

I'm not making any statement about my own personal preferences or vices, but I'm thinking Bill W. is tossing in his grave right now.

Is this really a good topic for BH.org? [That's a rhetorical question, of course.]
by scottj19707
Sun May 08, 2016 3:22 pm
Forum: Investing - Theory, News & General
Topic: Sharpe's "Arithmetic of Active Management" explained very well
Replies: 10
Views: 2113

Re: Sharpe's "Arithmetic of Active Management" explained very well

IMHO, the source article does a better job than anyone else could possibly do... Bill Sharpe is (obviously) very bright, cogent, and writes in a clear, concise style. In that particular paper, the math & stats content is pretty low and fairly basic, so the degree of difficulty in explaining the conc...
by scottj19707
Sun May 08, 2016 3:16 pm
Forum: Investing - Theory, News & General
Topic: Where is Rick Ferri? [Portfolio Solutions management and fee structure]
Replies: 95
Views: 24678

Re: Where is Rick Ferri? [Portfolio Solutions management and fee structure]

Speculation, pure speculation... he's working on a book about factor-based investing.
by scottj19707
Sat May 07, 2016 2:58 pm
Forum: Investing - Theory, News & General
Topic: "Factor-Based Investing - Theory & Application" [Rough Draft Outline, v0.1, 5/7/16]
Replies: 8
Views: 1345

"Factor-Based Investing - Theory & Application" [Rough Draft Outline, v0.1, 5/7/16]

Re: Multi-Factor Investing - Can You Help Interpret/Explain These Data Tables? Unread postby larryswedroe » Wed May 04, 2016 2:59 pm Scot Funny you say that but I literally just finished the first draft of the book, tentatively titled The Only Guide You'll Ever Need to the Factor Zoo. Andrew Berkin...
by scottj19707
Sat May 07, 2016 2:21 pm
Forum: Investing - Theory, News & General
Topic: Why Are Real Interest Rates So Low Worldwide?
Replies: 87
Views: 12362

Re: Why Are Real Interest Rates So Low Worldwide?

by Valuethinker » Thu May 05, 2016 2:03 am And then having consulted those worthies, I suggest Paul Krugman, Brad De Long and Mark Thoma. FWIW, in my head, fiscal policy includes both taxation and spending. Oh, yeah, I'm probably just another woodhead in the wilderness. You seem to be the thoughtfu...
by scottj19707
Wed May 04, 2016 4:25 pm
Forum: Investing - Theory, News & General
Topic: This is fascinating ... "The McGurk Effect"
Replies: 2
Views: 1134

This is fascinating ... "The McGurk Effect"

Hi all, I came across this awhile ago; my memory is a bit hazy, but I want to say it was connected in some way to an article written by Dan Solin... "Try The McGurk Effect! - Horizon: Is Seeing Believing? - BBC Two - YouTube": https://www.youtube.com/watch?v=G-lN8vWm3m0 The video, produced by the BB...
by scottj19707
Wed May 04, 2016 3:54 pm
Forum: Investing - Theory, News & General
Topic: Multi-Factor Investing - Can You Help Interpret/Explain These Data Tables?
Replies: 24
Views: 2281

Re: Multi-Factor Investing - Can You Help Interpret/Explain These Data Tables?

Postby larryswedroe » Wed May 04, 2016 7:05 am just to add to the above explanations, you don't need to directly target profitability or quality, you can get exposure to them indirectly through multiple value screens. So p/e and p/cf give you pretty high loadings on quality, more than p/b. Which is...
by scottj19707
Wed May 04, 2016 3:43 pm
Forum: Investing - Theory, News & General
Topic: Multi-Factor Investing - Can You Help Interpret/Explain These Data Tables?
Replies: 24
Views: 2281

Re: Multi-Factor Investing - Can You Help Interpret/Explain These Data Tables?

Postby lack_ey » Tue May 03, 2016 7:39 pm Huge disclaimer: didn't even check the original paper, may have skimmed it a while back but didn't now. Also not any knowledgeable at statistics. Also just looked at Table 1 and surrounding text, not the whole article.] Dear Lack_ey, Thank you for taking th...
by scottj19707
Wed May 04, 2016 3:09 pm
Forum: Investing - Theory, News & General
Topic: Why Are Real Interest Rates So Low Worldwide?
Replies: 87
Views: 12362

Re: Why Are Real Interest Rates So Low Worldwide?

Substitution of monetary policy (i.e., quantitative easing) for prudent fiscal policy. You can only defer the inevitable so long, then you have to pay the piper. See also, John Cochrane, John Taylor, and Thomas Sowell. [If you want someone more available (and more animated), see Rick Santelli on CNB...
by scottj19707
Tue May 03, 2016 9:08 pm
Forum: Investing - Theory, News & General
Topic: Multi-Factor Investing - Can You Help Interpret/Explain These Data Tables?
Replies: 24
Views: 2281

Multi-Factor Investing - Can You Help Interpret/Explain These Data Tables?

Hi all, I read this multi-factor investing article yesterday and was wondering if any Bogleheads with multi-factor investing expertise can possibly explain the meaning/interpretation/significance of the data tables included in the article? "Our Model Goes to Six and Saves Value From Redundancy Along...
by scottj19707
Tue Apr 12, 2016 8:27 pm
Forum: Investing - Theory, News & General
Topic: www.portfoliocharts.com ... "The Coolest Portfolio Tool on the Web"?
Replies: 197
Views: 42856

Re: www.portfoliocharts.com ... "The Coolest Portfolio Tool on the Web"?

Meb Faber apparently likes PortfolioCharts.com, too...

"Minimum Loss Portfolio | Meb Faber Research - Stock Market and Investing Blog": http://mebfaber.com/2016/04/05/minimum-loss-portfolio/

"There’s all sorts of cool tools to play around with on PortfolioCharts.com."
by scottj19707
Fri Apr 01, 2016 6:02 pm
Forum: Investing - Theory, News & General
Topic: April 1 is "Index Funds Day" ... And That Ain't No Joke
Replies: 0
Views: 443

April 1 is "Index Funds Day" ... And That Ain't No Joke

Courtesy of the good folks at Index Fund Advisors (IFA.com)... "Index Funds Day - Don't be fooled by the Active Investor!": http://www.indexfundsday.com/ Ok, so it might be a mix of public service and a bit of self-promotion... but, then again, Rick Ferri, Allan Roth, Bill Bernstein, Larry Swedroe, ...
by scottj19707
Tue Jan 12, 2016 3:17 pm
Forum: Investing - Theory, News & General
Topic: "It's a Perfect Strategy for My Enemies" [Scott Adams on Active Management]
Replies: 73
Views: 9883

Re: "It's a Perfect Strategy for My Enemies" [Scott Adams on Active Management]

Wow... I really didn't expect that post to generate as much traffic, at least not on this forum. I thought it would be pretty much a preaching to the choir kind of thing, but I guess not... entirely anyway. Also, sorry it took me a while to rejoin the thread. I was trying to make some progress on a ...
by scottj19707
Sun Jan 10, 2016 3:35 pm
Forum: Investing - Theory, News & General
Topic: "It's a Perfect Strategy for My Enemies" [Scott Adams on Active Management]
Replies: 73
Views: 9883

"It's a Perfect Strategy for My Enemies" [Scott Adams on Active Management]

This is a classic, at least in my book... "Scott Adams: It's a Perfect Strategy for My Enemies" (WSJ - The Experts/04-16-13): http://blogs.wsj.com/experts/2013/04/16/scott-adams-its-a-perfect-strategy-for-my-enemies/ "Under what circumstances would you advise somebody to use active money managers as...