Alpha within factors.
There is a graveyard of companies whose early success pushed them to grow as fast as they could
The worst kind of bear market is the one you don’t see show up on your annual statements
A robust system is one that can survive widely varying market conditions across a long span of time
There is one tipping point that you should know better than the rest
The spread between the best- and worst-performing value ETFs has averaged 15 percentage points since 2006
I can’t imagine how scary it is for most lottery winners to figure out how to invest
Movies are at their best when they’re not so black and white.
Investing in future major league baseball players
There isn’t any good news. Just because there’s bad news doesn’t mean there’s good news too.