FVMR
An Investment Framework Forces Discipline
The father of value investing, Benjamin Graham, said, “The investor’s chief problem—and even his worst enemy—is likely to be himself.” In this post, we’ll cover five common biases and how you can deal with them.
Read MoreGearing Doesn’t Matter for Return
Does investing in low-gearing companies generate superior returns? We test this over 10 years on about 9,000 stocks globally. Unfortunately, the key to outperformance seems to be found elsewhere.
Read MoreMomentum Is a Good Start to Beat the Market
We test if investing in high momentum stocks can generate outperformance. We tested our hypothesis over 10 years on about 10,000 stocks globally. Momentum turns out to work quite well.
Read MoreDirt Cheap Stocks Are Too Risky
We test if investing in only low price-to-book companies can generate outperformance. We tested our hypothesis over 10 years on about 10,000 stocks globally. It seems to work for dirt cheap stocks, but when we adjust for risk the results change.
Read MoreInvesting Is Not Just Buying Highly Profitable Companies
We test if return on assets alone can generate outperformance. We tested our hypothesis over 10 years on about 10,000 stocks globally and couldn’t find support for it. In fact, the results indicate something else.
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