Our Research

Investment Analysis

Pzena Second-Quarter Newsletter Commentary - Our research shows that limiting exposure to the most volatile stocks in a portfolio can not only reduce portfolio volatility, but also enhance returns.

Pzena First-Quarter Newsletter Commentary - With the expected return on equities at attractive levels, it is a good time to have exposure to equities.

Publications

  • Pzena Quarterly Newsletter - Our Letter to Clients, Investment Commentary, Quarterly Strategies, Review and Outlooks, and Pzena News.
  • The Search For Value - a compilation of Pzena commentaries from our first 11 years.
  • Firm Summary - an introduction to Pzena.

To request a copy of the publications above, please complete the publications request form.

Other Resources on Value Investing

  • The Little Book that Beats the Market
    by Joel Greenblatt
  • Value Investing: From Graham to Buffett and Beyond
    by Bruce C. N. Greenwald, Judd Kahn, Paul D. Sonkin, Michael Van Biema
  • What Works on Wall Street: A Guide to the Best-Performing Investment Strategies of
    All Time
    by James P. O’Shaughnessy
  • The Intelligent Investor
    by Benjamin Graham, Jason Zweig
  • Margin of Safety: Risk Averse Value Investing Strategies for the Thoughtful Investor
    by Seth A. Klarman
  • Security Analysis
    By Benjamin Graham and David Dodd
  • The Cross-Section of Expected Stock Returns
    by Eugene F. Fama and Kenneth R. French. Journal of Finance 47(1992)
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