Excess Returns
Episodes
The Dangers of Headline Investing
01 Mar 2020
Contributed by Lukas
The recent market sell off related to the Coronavirus has many investors worried. And with good reason. When panics like this set in, we all ten...
The Pros and Cons of Trend Following
23 Feb 2020
Contributed by Lukas
To say that the track record of market timers in general is dismal would be an understatement. There are so many factors that impact market returns th...
The Pitfalls of Back Testing
16 Feb 2020
Contributed by Lukas
Back testing is one of the most misused tools in investment management. Almost every back test outperforms the market, but those same strategies often...
Lessons From Our Most Read Five Questions Interviews
09 Feb 2020
Contributed by Lukas
In this week's episode, we talk about the biggest lessons from the first year of our Five Questions interview series. Our Five Questions series featur...
The Benefits of a Value Composite
02 Feb 2020
Contributed by Lukas
Picking the right value metric can be one of the biggest challenges of quantitative value investing. Although the Price/Book is the most widely used v...
The Perils of Market Forecasting
26 Jan 2020
Contributed by Lukas
We have just completed market prediction season. Its the time of year where there are countless forecasts about what the economy will do in the new ye...
The Challenges of Developing a Sell Strategy
19 Jan 2020
Contributed by Lukas
As difficult as it is to figure out the right stocks to buy, determining when to sell can be even more challenging. In this episode, we look at the im...
Bonus: Long Live Value Investing?
17 Jan 2020
Contributed by Lukas
After we finished recording this week's episode on the case against value stocks, we kept the recorder rolling and we have included that audio in this...
The Case Against Value Stocks
12 Jan 2020
Contributed by Lukas
Confirmation bias is one of the biggest problems in investing. We all have a set of core beliefs, and we tend to surround ourselves with people who al...
The Double Edged Sword of Avoiding Value Traps
05 Jan 2020
Contributed by Lukas
Many value stocks are cheap because they deserve to be. Some of them no longer have sustainable businesses, and as a result their current discounted m...
Lessons From the March For the Fallen
29 Dec 2019
Contributed by Lukas
In this episode, we discuss Justin's experience participating on the Alpha Architect team in last year's March for the Fallen. and how some of the les...
Six Common Misconceptions About Factor-Based Strategies
22 Dec 2019
Contributed by Lukas
Factor strategies have grown exponentially in the past decade. Almost every major asset manager now offers their variation of things like value, momen...
The Rising Bar for Active Management
15 Dec 2019
Contributed by Lukas
The market has always been tough to beat, but the ability to investors to gain inexpensive exposure to factors like value and momentum has made the jo...
The Mechanics of Value Investing
26 Nov 2019
Contributed by Lukas
There is a tendency to believe that all value investing strategies are similar. But beneath the surface, many value approaches couldn’t be any more ...
Excess Returns (Trailer)
25 Nov 2019
Contributed by Lukas
Why Most Investors Won't Buy the Best Diversifier | Andrew Beer on Managed Futures
01 Jan 1970
Contributed by Lukas
In this episode of Excess Returns, we sit down with Andrew Beer to break down managed futures, hedge fund replication, diversification, and what inves...