Factor Investor

Timely investment themes informed by deep historical research

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What’s Cheap? A Factor Perspective

March 22, 2018 by Ehren Stanhope

There are a hundred ways to evaluate whether an investment is cheap--discounted cash flows, competitor multiples, mean reversion, multiple of projected earnings--the list goes on...and on. What's cheap now form a factor perspective?

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March 22, 2018 /Ehren Stanhope
stocks, quality, value

The True Cost of Indexing

February 16, 2017 by Ehren Stanhope

Anyone in the investment industry not living under a rock has had an intense conversation with a client about the merits of passive exposures in investment portfolios. The cacophony of articles on this topic is both silent and deafening. Most include little proof for assertions of market efficiency and parrot a conglomeration of statements parsed from other articles. As a result, passive investors improperly forego dramatically higher potential returns for seemingly low cost market exposure.

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February 16, 2017 /Ehren Stanhope
passive, indexing, active management, value, momentum, shareholder yield

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